Please click the thumbnail image to watch the video on DTube. Subscribe to my DTube channel and earn cryptocurrency rewards for your best comments at: https://d.tube/#!/c/marketingmonk and https://steemit.com/@marketingmonk Click on a video and then click 'subscribe'. Today’s episode is brought you to by… KuCoin https://www.kucoin.com/#/?r=1geMP If you’ve been having trouble because other exchanges are not accepting new signs up, have a look at KuCoin. I find their interface very easy to use, they have a full suite of charging tools built in, exclusive coin listings and competitive trading fees. **Story - What to do when markets crash** https://www.coinigy.com/?r=16171fe8 I really don’t like days like today. Not because I lose money or because prices drop, but because talking about it gets in the way of the more meaningful stuff I want to talk about. In general I’m a future oriented person. My mind is naturally calibrated to look way down the road at where things are heading. This is no doubt why I became so attracted to computers when I was a kid, web design and online marketing at the start of my career and then Bitcoin and cryptocurrencies. Dips in the market are short term events, they are disposable, tomorrow it will be old news, so investing my precious time talking about it just never feels like a good return on investment for me. Price matters but I’d rather talk about the future of the industry and where the solid projects are heading and how that will ensure long term price increases. But I’m a special breed, or a freak, whichever way you want to put it. Plus I’ve largely mastered my emotions when it comes to trading and investing so if it were just me it’s easy to ignore days like this and carry on with my work. But it’s not just about my, I’m also here to serve, which is why I am going to talk about the short term price movements, even though I don’t want to. Today I’m going to offer you a strategy which will enable you to take advantage of the opportunities that are afforded on days like today. You can’t guess the bottom but you can follow a repeatable strategy, and that strategy is called ‘Scaling in’. This basically means buying in when the price dips and then buying again each time is falls to a new level. This is cost averaging by in the opposite direction to how most people do it. Dollar cost averaging is where people say “Just buy $10 of Bitcoin every week no matter what.” That works because some days you buy Bitcoin high, sometimes low, but that consistency means you buy at a better average price over the long term. Scaling in uses the same principle, but here we are talking in shorter time frames and in the opposite direction, when the price is falling. Let’s use Dash as an example. Today Dash opened at $928. Say our first buy was at $900, say we expect it to bounce off that because its a round number. Then it falls to $850, we buy the same amount again. Then it falls to $800, we buy the same amount again. The same at $750. Dash hit a low here of $723 then started to turn around. Those 4 buys work out to an average buy price of $825, so when Dash returns to it’s normal level above $1,000, we got in a very decent price but without having to guess the absolute bottom. This strategy has the highest probability of success with a large cap coin. A large cap coin means a large group of people had faith in it before and will likely again. Even if it’s not a large group of people, at least a large pool of capital got behind it. Barring any fundamental flaw with the project, those people will likely return once they have confidence. We know this price drop wasn’t a problem with the Dash project, because the same thing happened on... The Bitcoin Cash chart The Bitcoin Chart The Ethereum Chart And so on. In order to follow this strategy you have to a strong belief that: The cryptocurrency market as a whole is going to recover from the price drops The specific cryptocurrency you buy is going to recover And most importantly, this strong belief should not come from blind faith or from anything some random YouTuber says to you, but from your own understanding. If you don’t understand WHY the price will recover, this strategy is probably not for you.

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