We’re going to talk about crypto SIP ( — Systematic Investment Plan — ) today. We’ve all heard the term SIP before. SIPs can also be done through a bank. SIP can only be viewed as a means for us to save in a way that will benefit us in the long run. As a result, we are able to save money while also compounding it.

Why Crypto

In the stock market, we do SIP on blue-chip stocks. But I believe that if we do crypto SIP, then we can get more profit in the long term than what we get from the stock market.

Opportunity

We should target the cryptocurrency market’s leader as well as projects whose prices are currently low. In the long run, those projects and coins should yield us more money than trading.

I truly believe that the greatest time to sip is during a bear market.

Today, we’ll discuss SIP rules and strategy, which will aid us in the project’s entry and exit. We’ll also discuss which projects are good for SIP.

Read this article all the way to the end; it will be greatly useful to you.

1. Vision

The most important thing is that we do not maintain a clear vision for each project.

If we have faith in any project that one day it will give a huge pump or will go up. Then you may buy a small amount of it every day or month. You may buy it whether the price rises or falls at each level.

For Everyone

If you are a jobber, you get a salary; if you run a business, you make a profit; and if you are a housewife, you save money by reducing some expenses. That is, every time you earn money, you may put a little portion of it into Cryptocurrency.

Own Vision

If you have analyzed or like a coin, you should hold it so that your own vision is clear. As soon as you have a clear vision, you must continue to acquire at every level, regardless of market conditions.

Miracle

There will come a time when that coin will offer a great boost, and the return you will receive will be incredible, something you could never have dreamed of.

2. Aim

You sell the coin in which you had the vision when there is a problem in your life or when you choose another project or coin.

Example

We all purchase and hold Polkadot on Binance, KuCoin, FTX, and any other exchanges. After 5–6 months, we receive news from somewhere that this project will have tremendous growth. You sell it to take on that project if you like it.

However, if you see your previous coin DOT near $100 after a year that you sold a year ago, you may regret your decision since, in order to buy another coin, you sold it and the coin you bought against it was still at the same level or may have increased by only 10% to 30%.

You will not be able to purchase DOT at that time since its price would have skyrocketed. Then your vision’s about the coin you had chosen lost…

Learn

Through this example, I want you to learn that you should never sell the coin on which you gained your idea for another coin. If you can’t handle it, you may move it to your hardware wallet and store it there.

3. Believe In Yourself

After thoroughly researching the currency you’ve chosen, you should be certain that you’re going to buy it immediately, and you should not switch to another coin at the whim of anyone.

You should have faith in yourself that, yes, I have thoroughly researched whatever coin I have chosen. This coin will go up. With this vision, you must hold it and continue to accumulate.

4. Set Target

I’ve already stated in the previous 3 points that you should buy the coin regardless of the situation.

You’ll all be thinking the same thing: you bought the coin, but when are you going to sell it?

Example

If you’re going to buy Polkadot. You purchased it for $20, $18, and $15, and you continued purchasing.

The main problem is that we can’t keep our coin’s target. You should set a target of obtaining 100 DOT coins by the end of 2023, this is just an example; how many coins you should acquire depends on your own wish.

Bear Market

You may continue to invest even if the market is in a bear market in 2022 and 2023. When it reaches tenfold, you may sell. Regardless of how long it takes. The longer it takes, the more money you’ll be able to make since you’ll be able to gather more coins.

The 2024–2025 cycle will be quite strong for crypto.

5. Average Buying

Everyone buys them, but no one knows how many to take, how to minimize downtime, what to do when the market falls, or when to sell.

Example

If you want to obtain 50 polkadots, don’t buy them all at once. Today it is 18$, but maybe next month it will be 13$. Then perhaps $8 will come.

In all of these deep, we will continue to have opportunities to purchase, allowing us to achieve good average purchasing. You will have the best average buying in the market, as well as the ability to purchase more coins at a significantly lower price.

Imagine

You may imagine how much wealth you would have made today if you had followed the 5 points listed above if you had invested in projects such BNB coin and Ethereum. Many people lack a clear vision, which leads to the sale of coins like as BNB and Ethereum at low costs.

The list of projects on which you may use SIP, which is likewise secure in my opinion and have a bright future, is provided below.

MANA, BICONOMY, POLKADOT, FTX, AVA, RARI, ALGO, CRO, BitDAO, FTM, MATIC, CAKE, SOLANA, NEAR Protocol, ADA…

The GTM is also highly interesting to me. You can include it as well.