It's said often that holding is the best when it comes to planning for the future. Investors are focusing on projects with strong fundamentals, real-world use cases, and active development teams. Conducting thorough research daily just to arrive at a good project worth holding.
However, I'm sure different investors adopt different approach and what they have in their bags are certainly different.
Would you like to share some insight and tips to help other investors? I'm sure it would be appreciated
Good question, above it all, ensure you are investments inclined rather than being sentimental about holding. Most people in the cryptocurrency world would always be talking about holding but this has never been replicated in the results most times, while the earlier adopters seem very lucky. If care is not taken, while investors are holding for too long they might lose back their initial profits. I've known this for long and I made sure that I smartly invested in some crypto assets rather than holding, but I still hold some.
However, the result is that I regret some of the holding decisions, but the ones I invested in in such a way that I invest and divest intermittently based on my chart reading, I am happy about them. This is why I would like you to be smart here, holding has its disadvantages as well, but one thing that is sure is to know the right time to buy and divest, this is what I will be turning entirely to now to avoid some earlier mistakes.
Some of the cryptos that had earned me more than 6 times profits have reduced it to about 3x now, and the painful thing is that I was just trying to hold and not that I didn't see the trouble coming when the market was trying to reverse or have a major retracement. This is why we should be the friend of our higher timeframe charts above anything else and invest/divest as they advise.