Although several coins are pumping in the cryptocurrency market, which has been trending upward recently, the good news is that most of them are still well below their all-time high prices. That means that even though a token has dropped 98% from its peak price, I am still profitable. In my experience, bull markets typically last for a year, so now is not the time to start buying tokens and coins to stake, especially those that take more than 60 days to unstake. Instead, you should plan ahead and take your time.
Remember that everyone is here to make money, even those who have cryptocurrency rewards. People are going to hold you responsible if you hold and your coin keeps falling and you lose more money. Although you will still be held accountable if you take a profit, it is better to regret taking a profit too soon than to regret not taking any at all and watch your asset lose value forever. Keep this in mind while reading through all of this. Profit-taking is never regrettable; those who don't take enough to be satisfied are just greedy.
The cryptocurrency market is booming, and you should already have a few coins on your watchlist. Keep in mind, though, that most of these coins follow the bitcoin movement; that is, when bitcoin surges, some of them rise along with it, and when it declines, some of them fall along with it. Since most coins tend to reach new all-time highs during the bull market, keep in mind that some of them are still 98% away from their peak price. If you're lucky and have enough patience, you may profit more than 1,000% on your investment during the bull market.
The market saw a big declined today, with bitcoin falling below $66,000 and other cryptocurrencies following suit. This was an excellent opportunity for me to buy the dips. And wait for another rally again. This is the time to accumulate your favorite crypto and wait for another upside movement.
Coin like STEEM didn't dip much, you can bagged and wait for the upside run.
***Note that this isn't a financial advice and you should make sure you do proper research before buying any coin.***
