Buy the Dip
When you look at the price chart of Bitcoin over the past year, you’ll see a nice upward trajectory. While the beginning of 2018 isn’t anything like that of 2017, Bitcoin still enjoys a relatively stable price. This only shows that many investors continue to believe in the digital currency despite all the government regulations, bans on exchanges, and other bad news.
A dip in price shouldn’t scare you. Instead, it should entice you to take action. Buying the dip is a simple way of making gains in the cryptocurrency trading world. Be careful not to overthink. Remember that it’s impossible to time the market. But if the price drops without any negative news, you can assume that it’s only going back up. To make things more manageable, use a trading robot like Crypto VIP Club so you can ensure that you’ll get some coins every time there’s a dip.
Explore More Altcoins
As an investor, you should find quality coins that show the most promise. There are cases in which a popular coin drops in value because a new coin with similar features suddenly makes people realize that it’s the better investment. Don’t forget to check the company behind the coins you’re investing in as well as their team of developers.
Hodl is a term you’ll hear from countless cryptocurrency investors. It refers to holding on to your coins even when their values drop. It doesn’t get any easier than this strategy. Even if the value dips below your buying point, you may still want to hold on to your coins and just wait for its price to increase again. You should realize that a crash doesn’t mean you always have to do something. Sometimes, the best thing to do is nothing. Hodling coins with the biggest market capitalization is often a safe investment decision.
Borrow a Bitcoin
This one’s a little trickier than the others. Many traders utilize this tactic with varying levels of success. When done correctly, however, you can enjoy huge returns. There are some exchanges that offer this feature. Shorting Bitcoin means borrowing it from somebody, selling it, and buying it again so you can return it to the person. You’ll earn some nice income if the price drops.