The market right now is indeed not encouraging for many investors.
Means you are looking at the wrong coins. Bitcoin price is perfect to buy in at this point. It dumped to 7.2k from 7.4k USD making it good for buying to stock up or if you are into put options then it was predictable.
But with the low prices of cryptocurrencies right now, it might be the best days to buy and start investing.
You just contradicted your previous statement.
And in the midst of changing trends as the year changes, the one who can adapt the best will surely survive. We cannot always outdown the market but we could reduce the loses by carefully selecting which we should only invest to. I am not fan of multiple investments anymore for I experienced mistakes of my own. Other strategies can also work too as long as you understand and accept the risks it bare.
Right now the best strategy is the buying of bitcoin for long term. Although some analysts are saying that the drop target is 6k, you still have chances to buy at low prices. This is the thing that FOMO people end up losing and then have to cry when the price rises.
Furthermore, scammers are smart right now, and will appear to be legit as much as possible.
Scammers have always been smart. That is why they were able to scam a less knowledgeable victim.
So, never jump again to something you do not fully see or understand. Measure the fall and calculate the risk so you can hope for the best.
True. One should not venture into something without doing research first.
