Quoted from Astropin:
IMHO, the best thing you could do would have been adding more during this mini crash and lowering your cost basis. Other than that, just holding is your best strategy. My entire strategy has been, buy, hold, and buy the dips.
I originally bought in Sept. of 2017. Things took off in November, and by end of December I was way up. Then it all crashed...hard. I was down to less than 1/3rd of my original buy in.
I held...then I bought more when BTC was at 4k. Here's the thing... almost no one was buying at that time. Everyone was panicking. That's when you buy. These past few weeks is when you buy... I've been buying... and actually raising my cost basis this time.
Buy when everyone is fearful. Hold when you can't buy, or it is shooting up.
I'm not going to say I've always avoided the peaks...I bought a little BTC at $60,400. But I don't sell. The only sale I've made was ETH at 4100 to buy more BTC.
Quoted from sixtyfourbits:
As a few guys have mentioned, buying the dips, and then just holding and waiting should help. I know some guys who daytrade and have success with it. I feel that first thing I try that, I'll buy too high, sell to low, and just end up frustrated haha.
One of the biggest reasons I went with Ada (and I sound like a broken record about it by now haha) is the staking. It's easy to do, costs nothing but time, and I get free Ada every five days from doing it. I currently make about 1.75 free Ada a day. So even if I don't feel like buying, just by holding I'm adding to my bag. Now, staking only adds so much depending what you have. I get about 8-9 Ada every 5 days. I have a friend who is earning over 50 ada every 5 days. That's pretty sweet profit for free just by staking.
Thanks both, that’s given me something to think about. I’m not planning on selling anything, but as you say buying more in the dip would’ve probably been prudent.