Wow!

What an opportunity there is right now with the current prices of many cryptocurrency. However, overcoming the natural fear that coincides with a bear market makes the choice to buy more difficult than it needs to be.  

I am amazed at the level of losses many in the crypto space have incurred because of buying from an emotional perspective. People buy when things feel good, that the market it going to the moon. It is easy to get on that bandwagon. However, it may be the worst time to buy anything. 

In my opinion, the best time to buy anything with real value (not all cryptocurrencies have real value) is when it's market is down.  Right now the entire market is down. However, the entire stock market is down as well.  

I believe in making good decisions as often as I can. I try to make good decisions by taking emotions out of it. Emotions lead to poor choices.  

I personally never invest money I cannot afford to lose. So with that discretionary income that I can use to invest, I am investing in a few cryptocurrencies along with some other long term traditional investments.  If you invest in something good when it is down you can buy more today with one dollar than you could a year ago.  Believe in something real, and you will not need to worry.

A disclaimer. I am writing from a psychological point of view. I am not writing about financial investing. Don't take this article as investment advice. It is simply my thoughts on the current state of cryptocurrency.