Buying cryptocurrency at the right timing is "automatic" important

IOST, a cryptocurrency that hovered around 0.8 yen in the latter half of 2020, briefly broke through 9 yen in 2021.

There were people who earned more than tenfold, so it’s a cryptocurrency that could be considered quite profitable.

I also invested in IOST and managed to make a decent profit, but I noticed a few important points.

Timing the purchase of cryptocurrencies is crucial. Cryptocurrencies fluctuate wildly, and beginners will have a hard time.

However, it would be nice to earn profits from operations and double your assets, wouldn’t it?

For those people, it’s important to always set limit orders for buying.

The key points are as follows.

• Do not chase during large upward moves
• Set a rule to buy after a 30% drop in Bitcoin
• Tighten your limit orders

There was a moment when Bitcoin briefly exceeded 7 million yen, but then it fell about 50% from there.

What matters is whether you can buy at those dropped points.

The rules I decided on were as follows.

【When the capital is 1 million yen】

1. After seeing a trend reversal, place limit orders at 4.9 million yen (30% drop), 4.2 million yen (40% drop), and 3.5 million yen (50% drop) (buying 150,000 yen each)
2. Keep about 60% of the investment funds for cryptocurrencies above
3. Place limit orders at 3.15 million yen (55% drop), 2.8 million yen (60% drop), 2.55 million yen (65% drop), 2.1 million yen (70% drop) (buying 80,000 yen each)
4. Reserve about 90% of the cryptocurrency investment funds (920,000 yen) for the above

In simple terms, you’re stacking limit orders at the points where the price drops.

If you actually invest using this pattern, you have a fairly high probability of seeing an upward move.

Even if you are in a drawdown, you just leave it untouched.

During the major crash in May 2021, if you had set this, by August you would have been up more than 30%.

Also, since you bought at low prices, if you HODL for several years, interesting results will follow.

Rather than being swayed by short-term fluctuations, it is important to always hold your limit orders and not be shaken by immediate emotions.

This strategic pattern can be applied to altcoins as well.

Continue to maintain your strategy of placing limit orders to master the cryptocurrency market.

There is no need to do anything overly difficult.

Blog aiming to become a billionaire with IOST