That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.

See many people have been comparing this to history of how around halfway mark before the next halving market creates sort of bearish aura and remains bearish for sometime for accumulation until it bursts for the next bull run after next halving, what I think is that if some information has become such news and can be this easily calculated and speculated that thing might not happen. So in this ambiguity best solution is only DCA you buy at every low and keep it holding until it bursts next time, talking about red candles it's really a good time to buy here anyways because RSI would obviously correct itself for sometime in coming days and you can then use that time to sell off and make around 10-12% profits.

Buying right now is a great idea since it bottomed out so much. However, you should be careful about buying all-in right now, it could still go down more, so you should be careful. Buy with 30% or so of your cash right now, and put some orders at 25k, and some orders at 28-29k as well, so if it goes up then you buy some more so you do not miss out, and if it goes down then you buy some more and you do not lose too much.

If you do it this way, then it means that you are ready for anything that could happen in the future, I personally believe that it would be a difficult thing to do but it is not an impossible thing to do neither, just need to be careful picking where and how much.

This is the actual time to buy altcoin because all prices are down now, so buying at this point can yield more profit, this because of the trust people have in bitcoin, as you can see all Altcoins price depends on BTC price, so this is the right time to get your portfolio filled with Altcoins that have a high potential to rise again and are not a dead project.

Bitcoin might be safer to buy because who knows it might fall further but the resistance around bitcoin price might not permit a complete crash but for altcoin it's risky out there. Most projects in the alt coin cycle might not recover from this crypto dump to be on the safer side hold on to project with economic value

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not.
Although if we want to buy, don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.
We can be wiser enough to see the movement of the market of certain coins at first. Then, we can see the chance of the coins to be able to rise up again or not. Alternatively, we can do DCA in buying the coins. But for me, i will prefer to only buy top coins like Bitcoin and Ethereum.

For now LUNA is really been demolished and seems it will go to 0 value due to the issues happening. For other who want to start for buying or place your position maybe they should learn to study first the market because its really bad to buy at the top especially if the price keep dumping for more longer times.  But I'm monitoring this token and thinking to buy some when the price dips.

When I was trading for the first times back in 2015, I used to dwell on such questions and never got the answer to them, while not making the trade that I should have. I learnt a lesson that you should treat the market prices as numbers, nothing more. If it is going down below your last buy price, buy again at a targeted lower price and set a sell order at higher price once that is executed.

Think too much on reasons behind movements and you will be in a dilemma to trade. In the long term bitcoin will go up, so every opportunity to buy, seize it. Do check S/R levels though before deciding to buy.

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Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?

One thing to always remember is that the deeper the night, the closer the dawn is. Seeing that the market will bull-run coming to bearish. The market is going to bearish because  The market will get a bull-run soon

This is not that much easy to say, But if Bitcoin gets good support now then I think the market will rise again.


Of course, we will get on the big green planes after the bearish situation of the market. And it is expected to be after 2022 and 2023

Price did reach 29k and my buy order at a slightly higher of 30k got executed, I do consider this range to be a safe spot for now since we have support at 29k. I am expecting both a drop and rise from the currently running 31k level though. Since you are a newbie and probably dont have much bitcoin at hand, but fiat, I would suggest buying at less than 30k levels like 25k and 20k in case a huge drop happens. Otherwise play it slow, we are not completely sure about the reason behind this drop.

But it is good that you are attempting to capitalize during a panic sell. Keep this attitude up and you will make a great trader.

Pro tip - keep a trading journal and try to maintain an excel sheet or trades execute with dates and fees.

That's great because you keep buying every time the bitcoin price falls and if you keep doing that, then you will have a large amount of bitcoins. But it would be nice if you only buy bitcoins when they fall so that when the bitcoin price falls again, you don't have to buy it again but wait for a while. So your purchase is actually a bitcoin purchase at the lowest price. But if that is your strategy then go ahead but be careful buying bitcoins because we don't know what will happen next.

No doubt a whole lot of people would want to jump into this red sea, these bloody candle sticks because the dip looks like a good entry point already. Mind you it isn't done yet especially alt coins so I don't think it's safe to buy unless you're loaded and want put something you can afford to lose.Going long now is not a good idea at the moment unless you're after a long term investment.

Wowswap exchange? Honestly, this is my first time hearing about this exchange. I also cannot find this exchange on CMC, is this platform safe and legit?
Btw, doing DCA to buy Bitcoin during this market condition may be wise enough. At least we are not all in one time because we still don't know where the Bitcoin price will go, maybe it will be decreasing again or increase. That is why I think that buying some by some, step by step of BItcoin is a good choice.

Diversifying funds to buy also some altcoins is also one of the wise strategies. But to be remembered,buying altcoins may be very risky than buying Bitcoin. That is why it is better to buy altcoins with lower risks and higher chances to rise up in the future after thebear run.

This is the kind of decision you need to go over and over again as you will be selling some of your possessions in exchange of a volatile asset. Sure, if you have other means of living or you can very well survive even going all in with btc. The price is really tempting right now, even at 31-32k is a very good price range to get in. Because if we will think of it, what if btc will increase in the next few months to like 40k, you're already in very good profits. But of course, most won't sell it at 40k, they will wait for more.

the thing is that let op not use what he can not afford to lose,  using 1x should be more advantageous than using 2x because of the condition of the market.

is not all about buying new cheaper altcoins, is all about the potential of the project, do you know that whenever new project is launched it always come competite or been a competitor with bitcoin for the initial, and such step really deserve people not to research about the proportion or how potential is the coin. Don't because of a project is cheap and purchase it, without knowing the productivity.

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.

Well, the more liquid the asset the less it is to be affected by a series of decrease especially if we're in bear or volatile time in the space. You see, Bitcoin has the huge market cap among the rest and if you take a look at most altcoins when the market experience a decline, less market cap tokens tend to nosedive more compare to Bitcoin or other alts out there that has huge market cap.