I've been in crypto for a while, have bought and sold quite a few different coins but the one I'd like to discuss today is CRO.
I made a sizable buy in near ATH. It sickens and saddens me to see how much I paid, about 72 cents per coin ????????.
I bought it on the way down as I thought it would keep catapulting up and up. Boy was i wrong! As it continued it's aggressive descent I kept buying, albeit much smaller amounts.
I believe in this project long-term, i have no plans on selling anytime soon. I buy, i stake and i hold. Whenever w big dip came I'd buy some more, slowly lowering my average. I followed the market, periodically checking the charts and kept trying to buy the bottom.
Bought some more at 50 cents, 40 cents, 30 cents, 20 cents, 10 cents, even 5 cents. Anyone who says you can't buy the bottom is wrong cause as long as you keep buying, you can most certainly buy the bottom. Now we're at 7 cents and I'm glad I bought a good amount at 5 cents.
Granted we don't know if the bear market is over, if we'll make newer lows or what the fuck is even gonna happen so it's all just speculation. I just know if we truly saw the bottom at 5 cents I'm glad I kept my DCA strategy.
Long story short, my average is now about 13 cents, a looong ways from my initial buy at 72. And I've earned plenty of coins as my stake compounds. Will they return to ATH? Who knows. Do they need to return to ATH for me to break even or even make a profit? Absolutely not.
This is the true power of DCA.
Happy buying y'all. And as always, NFA β
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