A good strategy is to buy when it's cheap and sell when it's expensive...It sounds so simple but why but why are 80% of investors in the red?
Investing in crypto is not as easy as said. This is not only about buying cheap and selling at a higher price. For, we don't know if the price will rise up significantly after we bought the coins or if the coins will dramatically drop again and again.
That is why we need to make certain analyses on what we are going to take, for buying what coins, at what rates, and for what target.
Investing in crypto is a high risk, moreover in altcoins which are new enough. It may be only because of hype so the price rises up very high. However, the price will fall down quickly after the hype is over. This condition is very often happens in the crypto world. That is why we need to analyze what coins to invest seriously and carefully.
Some people still underestimate investing in crypto, that's why many people experience losses when investing in crypto. Because if we think of
investing in crypto as just buying at a low price and selling it when the price is high, in reality it's not that easy. Because crypto market movements
are volatile and not easy to predict, so sometimes the market often moves not according to our expectations.
That's the importance of careful planning when we want to invest in crypto, especially if we decide to invest in the long term. We don't just have
to choose the right coins and determine the selling target we want. In addition, long-term investments need good emotional control. Because like
you said the risk of investing in crypto is very high, there is a possibility that the price of the crypto that we have bought suddenly the price
drops drastically. If we feel that our coin choice is correct, we must be patient and should not panic, we must believe the market will recover.
The key to long-term investing is patience, we have to be patient holding until our target is achieved no matter what happens.
