Topic: Maximizing income from crypto in this new year. - page 3. (Read 458 times)

What's low and whats high
Waiting for low and selling at presumed high limits growth and bring about what's called a nocoiner.
Except your TA is good, that I wouldn't be expecting for a newbie.
The best is find a good project buy,accumulate and sell at a comfortable amount.
Preferably Bitcoin if you going long term.

Suggestions are quite common and I think this is as easy as it is easy to talk about but it is very difficult to do because in general things that are contrary to action and mental readiness in investing and making decisions in sales and purchases require knowledge and experience to get decisions that Very good in the market.
Problems that arise also we do not know when the coin has a cheap value than general and whether it has the opportunity to return to get an increase in the future, this will be able to make you quite confused if you do not have a good analysis whether it uses technical or fundamental as a source of data before do the decision to sell or buy.

Buying your crypto at an high price signifies that you rushed into the market due to the fear of missing out (FOMO) which is very common to most newbies who just came into the crypto space. Trying as much as possible to avoid tht will really help you to have a good portfolio which in turn give you good returns in the long time when you want to take your profit. FOMO is more peculiar to altcoins, as for bitcoin, holding for a longer time will still give you a good profit of your initial investment.


Having a profit target is important and when you’re able to make the right decision of when to take profit in your investment, it makes you not to miss on opportunity to sell your crypto at a good profit. The market is very volatile and cannot be predicted actually, so taking profits is very important after your investment has given you enough to your initial capital after some period of time into the investment.


Buying low and selling high is the technique in crypto that everyone is using but knowing when you buy and when to sell is of utmost important to all crypto investors both newbies and old investors. Understanding of the market requires knowing the basics of the market trends, both fundamentally and technically to help have a good idea of when to buy and sell in the market. Newbies should learn before taking actions in this regard.

There are for sure too many guilty folks in here about selling at the top. We will never know what the top is but it's essential for someone who has goals for $100k to sell as they spoke about it.

But it's also okay if they didn't sold some at that moment if they have a long term plan because this bull run still seems to go for quite a while.

As what you've said, you don't also let people influence you about your decisions.

Avoiding FOMO. Read as much as you can.. knowledge is so potent, one of the strongest weapons against losses. Additionally, ask questions when you find something confusing and you need answers. Even if it sounds stupid, there will be someone who is patient enough to provide you with answers. I have had experience with it. Lastly, of you don't know what to do just HODL. You will not lose any crypto by hodling.

Well said. I would suggest trying to maximise the BTC/ETH gain in the bull run, then just before bear, safely park it into a well known stablecoin and stake/lend to get some yield.
Wait for the bottom of the bear and buy that same BTC/ETH for the stablecoin you had saved up. Ideally you should have more. Rinse and repeat

Greetings my fellow Bitcointalk members, and happy Sunday to you all, I brought this topic to teach and encourage newbies on how to maximizing income from crypto in this new year, we know that newbies have some attitude of taking some risk that will make them to lost income from crypto, which is not too late for newbies to have the ideal on how to reduce losses to maximizing income from crypto.

                   How to maximizing income from crypto
1
Reject your past mistakes, Do everything possible to reject those things that make you not to maximize income,  may be you use to buy crypto when the price is high already as a newbie, you can change from that attitude if you want to maximize income from crypto in this new year.

2
Don't wait for people to tell you to sell your crypto when the bull season is on, you want to maximizing income from crypto in this new year, don't allow people to tell you to release your crypto for sale When you know that you will not achieve your target, because they don't know your target or the rate you bought your crypto, and you have to follow your own decision to sell to maximize your income.

3
Buy crypto when the price is low and sell when the price is high, I know this method is very common to some people, but is not common to newbies, make sure you buy when the price is low and hold for long term before you can sell  when the price is high to maximize income. I will advice newbies to apply those methods to maximizing income from crypto investment.