A few days ago, BTC fell below $54,000, while the altcoin hit a new low in the past six months. BTC fell below $55,000 again, but the altcoin did not fall much. It seems that the low point that the altcoin fell to on July 5 is the iron bottom of this round. If BTC leads the altcoin to fall again, how should we buy the bottom? I would like to share my views, and welcome everyone to add to them. If you have different opinions, you can also leave a message to discuss together.
The first point is how much to buy at the bottom!!! My suggestion is to buy in batches according to the falling price of BTC. For example, if you have 10,000 USDT, when BTC is 60,000, you can use 1,000 USDT to buy at the bottom; then wait for BTC to fall to 55,000, and then use 1,000 U to buy at the bottom. If BTC continues to fall, wait until it reaches 50,000 points and then use 1,000 U to buy at the bottom. The advantage of buying at the bottom in batches is that you can avoid buying at the halfway point at once, avoiding the embarrassment of having no money to buy at the bottom, and at the same time, you can also maximize the cost spread.