This is the same strategy as every other year. Wait for prices to drop a lot and then buy.
In 2024, you won't be getting incredible prices for bitcoins or altcoins, but you should do well if you keep them. If you're looking at a time frame longer than 3-4 years, you'll probably do better than stocks and bonds.
(I wouldn't be surprised if crypto beats them this year too, but we can't get too far ahead of ourselves after the huge run-up in the first half of the year.)
Read on for four ideas I found useful.
1. Wait for the Bitcoin price to fall
For an up-trending asset like bitcoin, you need to make sure you can buy the "dips". In other words, keep fresh cash on hand.
The question is what do you consider immersion?
If you are set on crypto media, the "dip" is only 2-3% drop per day. That's silly. Such moves are normal volatility.
If you prefer to be aggressive, Wait for a drop of at least 15% from the last highest bitcoin price. Ideally 25% or more. You may buy more than you need, but it's better to go in and buy more later than wait for lower prices that never come.
If you prefer to be conservative, Wait for a bear market or "black zone" plan like this:


You'll get incredible value, but you may have to wait years and miss out on many benefits along the way.
Either way, you'll never get the timing right. The point is to squeeze a little more juice out of the market, bypass the spikes and avoid giving traders what they call "exit liquidity".
2. Buy altcoins at fixed amounts with strict limits
Many altcoins will never reach their previous all-time record. Most will die.
With altcoins you are speculating on experimental financial technologies, social movements, reward programs and outright scams.
None cost more than $0 today, but some will grow so much you have to risk buying them.
Wait for big dips in the overall altcoin market, then buy a specific, fixed amount. Drops will give you good discounts. Investment limits will prevent you from losing too much of your losers without putting a cap on how much you make of your winners.
These winners may deliver 2-10 times by the end of the year and 10-100 times or more in subsequent years. Plus, you get an altseason along the way - a chance to sell your losers, often for more than you paid for them.
I prefer to wait for the lines in this chart to reach the appropriate shaded boxes (any of them will do):


3. Sell only when necessary
Selling crypto is extremely risky. You give up an asset with huge growth potential to avoid a temporary downturn.
Even taking profits is a decision you want to weigh carefully.
However, sometimes the market forces you to do it.
In 2024 it was March and early April when we saw signs that we only see before major reversals.
Remember, the "big flips" range between 30% and 85% - but you don't know which you'll get!
A drop of 30% sounds bad, but the market often recovers within a few months, then rallies higher than when you sold.
On the other hand, even if you reach the "top" exactly as you should, you might get screwed when you redeem your bet if the bitcoin price doesn't fall enough. With taxes, fees, and natural market volatility, you may get less crypto than you sold!
I prefer to save money so I don't have to time the market, but I told my newsletter subscribers to sell some bitcoin in March when its price ranged from $62-74,000, and to sell some altcoins in early April, right before that big drop in the chart above.
In hindsight, it seems like a good decision, but at the time there was no reason not to get another leg up and an incredible alt-season before that inevitable collapse.
4. Buy more when the price falls
You may hear people tell you to wait for the market to go up and then buy as it goes up.
I prefer to wait until the market drops and buy more aggressively when the price drops. That way, every extra dollar returns more value.
As a bonus, once the market turns, I have my allocation and don't have to worry about anything. It's pure growth from there on out. Since everyone agrees prices should go up, you probably missed the best chance to buy.
This also gives you a good chance to beat the general market. Quite often the scariest times are the best times to buy. Use the Wall Street Cheat Sheet as your guide.


For example, if you ask an average crypto investor which year was the best year to buy bitcoins, 2022 or 2023, they will tell you 2023.
They would say that smart investors held money in 2022 and bought crypto in 2023. In 2022, LUNA collapsed, lending platforms collapsed, FTX collapsed and people lost billions. The US stock market plummeted, the global economy declined, many central banks raised interest rates, and China's real estate market melted down.
By 2023, the market has risen.
"Only idiots were buying in 2022 and holding cash in 2023."
Still, if you bought a cryptocurrency on any random day in 2022 and put money into a money market fund in 2023, you are ahead of everyone who bought a cryptocurrency on any random day in 2023 and put money into a money market fund in 2022.
- In 2022, the average bitcoin price was $28,100. In 2023, the average bitcoin price was $28,800. You got a better deal in 2022.
- In 2022, your money got a 3% annual return. In 2023, your money got a 5% annual return.


Dolena border
Not "buy cheap, sell dear".
Wait for the market to drop, then buy. When you see extreme signs that the market is too hot, you can consider selling. Always limit your exposure to any altcoin.
These simple tips will give you an edge over the competition and increase your portfolio.