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Buying the dip in the cryptos market
By Finance Smiths  •  November 18, 2021
This is how volatile the cryptos market is. Just last week, I was writing about watching my crypto holdings on Hodlnaut (BTC and ETH) and Cake DeFi (DFI) hit new highs. Even my regular purchases on Crypto.com (LINK, LUNA, DOT, SOL and MATIC) were also in gains. In the last few days, that high is all gone now. It’s to be expected from the cryptos market and why I don’t trade it. Leveraged cryptos traders with long positions would have been liquidated given how quickly the market dropped in such a short time. My investment strategy for cryptos is to mostly buy large caps regularly over time and hold for the long term – generate higher crypto interest and lower capital gain. And buy lesser amounts of small caps when the opportunity arises and hold again for the long term – generate lower crypto interest and higher capital gain...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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