Wash. Rinse. Repeat.
Most traders know this already, but since Bitcoin just dropped, right nlw might be a good time to help newbs just getting started.
There is a very simple trick that many investors use, that new "just starting out" investors might not be fully aware of.
First of all, remember this, whatever you do, don't rush your trades. Don't wait too long as well. There is a balance that you need to find between buying and selling coins, and without that balance, you might as well mow lawns for money.
Right now is a great opportunity to scoop up some BTC. The quick drop today isn't really a bad thing. Unless you're holding BTC and wasn't paying attention today.
This technique is how many traders work their magic.
Buy BTC when it drops below 10k. I wait until it hits about 9.8 or lower. If you can toss 20$ or 20,000.00$ at it or not, it doesn't matter.
Buy what you can afford while its below the 9.8k Mark. Wait until it hits 10.3 or 10.5k and trade it all for a stable currency, like Dai or TETHER or any other trustworthy stable coin.
Now you wait. When BTC drops down 5% or more from the trade price you used, buy in again with your stable coin and repeat the process.
I like using Coinbase for this practice. It isn't always right on with price marks and trades, but if you start with Coinbase, you'll learn how quicker and then be able to apply this technique on other exchanges.
Buy Low. Sell High. Hold in Stable Coin. Then buy low again and repeat this process over and over again.
Generally speaking, I can take 20$ USD and turn it into roughly 70-100$ in just a couple of weeks. Yes, I know many veteran traders might read this and say..."No shit...really"
I like to help newbies. So long time traders, please kiss my ***...lol