Strategy
- Never stop searching out the next crash. It is inevitable. One BTC at $60,000 is two BTC at $30,000.
- Buy the crash but only well after it’s happened and the dust is settling. This is the ultimate test of an investor.
- If you must trade during a crash, make sure you can depend on your providers not shuttering you in or out when it matters most (as true in stocks as in crypto). If you cannot depend on your service provider do not play. There is no customer service during a crash.
A crash is a 25% drop in a dull asset but 50%-75% in anything spicy like crypto and 90% outside the blue chip instruments of a market.
‘Hodling’ some ‘unstable coins’. Watching out for what will look great value when this move capitulates while focusing on midcap tokens for now. If this is the big crash of this cycle, after it’s all over and a week or two later, pick a portfolio from the rubble.
https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know
