Here's how I'm playing this: Cautious now, but bullish longterm

2021年5月20日

This is not financial advice. I know next to nothing but my recent chart edits keep disappearing on my TV so hopefully publishing will hold my thoughts for myself, and maybe be helpful for someone else too. Here is my strategy at this time and going forward. I understand we are at the end of the alt-season as we near the BTC halving cycle, but I'm very enthusiastic about some less cumbersome more energy efficient protocols/projects with great development teams, like ADA-Cardano and ERG-Ergo for example. Nonetheless, Bitcoin is still king and whatever is happening to Bitcoin (and to a lesser extent Ethereum) is going to effect everything else, so I'm buying little bits of my favorite projects during the BITBAY:BTCUSD selloffs near strong support. I guess this is called dollar cost average strategy? I'm very new to this universe. I was not patient enough, and perhaps a little too bullish at the beginning, so now my liquidity is low and I'm becoming more exposed to risk which is not good. I'll be practicing more patience and letting some "golden opportunities" slide by if I have to, to manage my risk better. Stay safe and good luck!