Topic: I need to learn techincal Analysis? - page 6. (Read 604 times)
You don't necessarily need to learn technical analysis for investing, as it's mostly for trading. With investing, depending on asset class, you just need to know how to do deep dives in the assets you're interested in investing in— may it be in a business, stocks, or cryptocurrencies. I'm pretty sure a lot of the most successful investors doesn't even do TA, they're just really good at picking things to invest in.
I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?
You shouldn't invest in something you know nothing about, but since you have already invested, it makes little sense to research the projects now. I hope most of your money went into Bitcoin and not some insignificant altcoin. You don't need market and technical analysis skills unless you plan to become a day trader. You are now a holder of cryptocurrencies.
What is your goal? Do you want to hold until your coins reach a certain price to sell them?
Do you want to use Bitcoin as a payment method to purchase goods or services?
Do you want to reinvest your Bitcoin in alts (not recommended)?
It's much easier to advice you and provide recommendations if we know what it is that you want.
I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?
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