of course every btc investor has his own technique and way to keep making a profit, in my opinion if investing in btc for the long term we won't think too much about price movements because people who invest in btc for the long term usually only sell btc during BUL RUN. I think purchasing techniques such as the DCA system are needed and I also always use the DCA system.
Yeah, but you know is not everyone that are lucky to get on the trend and get the price cheaper.
I have been in that phase and sometimes is tiring like you have been left out, I have to find me an alternative to join the trend as others at some point
So far, I have seen most of the approach is curated for individuals with a long-term investment perspective. It's not just about gains; it's about calculated gains while thoughtfully nurturing your crypto portfolio.
No one can predict the moves of the market. This is a financial market and if everyone was able to know the next Bitcoin move, everyone would have become rich in weeks and months. You just cannot think about what the market makers and whales are planning whether it is a bull market or a bear market. They will make such moves that will trap the retail into FOMO so they won't sell when prices are all time high or make them so much fearful so that they do not accumulate in all-time near to low prices.
With price action, you may mark certain levels on the chart and predict the next pump or dump to a certain extent but still, nothing can be said with certainty.
For a newbie, investing in bitcoins for long term is the best way to gain money. Also, if you analyze, those who keep Bitcoin for years and years, they are the ones who get real returns which the average day to day trader can never think of.
Although the market can be unpredictable, it is not completely random. Even while they don't always get it right, professional traders, analysts, and institutions put a lot of money into understanding market dynamics, so they're not just aiming darts at a board.
Level marking is not some elementary school game; it is based on past data, current trends, and recurring patterns. To minimize the importance of technical analysis is dishonest.
It's simplistic to state that long-term investing is the "best way" for a beginner, even while I agree that it has advantages. Everything is dependent on one's financial objectives, level of risk tolerance, and investment horizon. Not everyone has the money to "hodl" for a long time. DYOR before making broad assumptions
Yeah, That's why I use both strategy because they seem to work well for me for both long term investment and trading the trend.
Not even a single strategy is perfect. The market is unpredictable and always evolving. In order to stay up to date with the market, we need multiple strategies and plans. But when it comes to the Bitcoin market, you just need to know when the bears are here and when the bull will be back. That's all you need to know about Bitcoin investment. And if you are in Bitcoin trading, that's a different scenario. Depending on your trading style, you will need different approaches and strategies. Now that's a whole new story.
But if you are into investment, buy low and HODL for a long time. That's all. Even if you buy in the middle, you will be in profit if you are able to Hodl for a long time. Try to avoid buying the top. Even if you are unable to do that, just hodl till it breaks the top too in the next bull run.
Quite frankly, that's what I'm avoiding for a while now. Implementing dual investment could go a long way for me.
Ain't saying it would be 100% either but it will reduce some potential risk