My absurd strategy in investing in crypto during the bear market.

Then I decided to use 20% of my money was for investing.

This isn't like money that is earned on the blockchain.

It was money I earned from working offline and maybe I should call it hard-earned money.

So I had to be careful with investing this money as I want to say in the nearest future that I did well with the money.

I was looking for different strategies to invest this money.

One of the strategies I remembered was the old good one "buy low, sell high".

Another strategy I remembered was the dollar-cost averaging strategy.

I love the dollar-cost averaging strategy and so it was going to be used for most of the coins I intend to stay in for the long term.

There was a problem.

The problem for me was how low was low?

So my task was to find a strategy to know how low is low.

I thought of different ways. I used charts to see the overall trend. I looked at the weekly chart and then the daily charts. This was based on the premise that the trend is your friend.

I was still not convinced and so I decided to look at the market cap of the various cryptocurrencies.

I was a bit convinced.

Then I decided that anytime I was going to buy crypto I was going to use the total market cap of the crypto ecosystem instead of the individual market cap.

I concluded that if the market cap was on a minus of greater than 5% I would buy into some of the top 30 cryptos with 60% of the capital. The remaining will be split between hive, cub, and travala with hive having the most percentage compared to others.

I intend to buy into other projects but these projects are the ones I have read and I am comfortable with.

How has it been so far?

Well, it's been beautiful so far.

I bought some BTC at 41k and it's 51k as at the time of this post. This is a decent 20% rise.

I bought some BNB at 393$ and it is about $437.5.

I bought some travala at $2.994, it has not risen at all. It's just been hovering around the same price.

I bought cake for 18$ and its 19.51 dollars.

I bought some cub at 50 cents and it's currently trading at 39 cents.

I will say in all, I am not doing so badly. I am happy with how I split the money so far.

I bought some hive at 50 cents, and today it doubled to 1$.

I still bought some SPS, and DEC.

I will say in all, I am not doing so badly. I am happy with how I split the money so far.

Even with how badly cub is doing, I am still gaining overall.

So what's the problem?

The problem now is how high is too high.

I am thinking of using the risk to reward ratio of 1:2.

I also intend to use the total market cap since that was one of the criteria I used to buy.

I will probably study the market and then make my decision.

Thank you for reading.

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