I'll list here my strategy that I am thinking about at the moment to increase my amount of sats throughout this bull run of 2024 and 2025. We have until the end of this bull run to maximize our gains with promising currencies with great potential.
You can comment if you agree with me or if you would do it differently.You can comment if you agree with me or if you would do it differently.
With the current scenario, Bitcoin exploded a little after the approval of its ETF (especially before it).
I made some trades in ETH speculating on the approval of its ETF, but it didn't give returns as much as BTC, that being said, the market is mainly targeting BTC now, so I think it makes sense for me to keep the majority of my portfolio in BTC anyway, for while.
While altcoins, some or others explode upwards, while the majority are only sideways or falling, even at times when Bitcoin has its bullish days.
So I think it's not the time, at least for me, to expose myself to altcoins for now. I think the market is targeting BTC, then it will expand the flow to ETH and consequently altcoins and we will see alt. At the very least, I will wait for BTC's dominance to drop a little to expose myself to some altcoins.
As soon as the altcoins perform well, I'll start trading on the spot, and consequently, when I see profits, I'll trade altcoins in the derivatives market (futures) to maximize profits, doing it this way, I don't need to expose my current bankroll and I 'll just work on derivatives on top of this profit, making exponential profits.
I want to come back here throughout 2025 so I can say that this strategy worked.
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Comment on your strategies for winning in this market and changing your life, list tools you use that help you with your decisions. I will do the same throughout this thread.
Your plan is great man, but I don't think you should be discouraged about the turnout of altcoins. Usually after the bull season is the altcoin's season, when the prices of altcoins would increase drastically. So, it's easier to buy them now that they are cheap.
My plan for the bull season is to work hard on the forum.. not gonna lie... It's not advisable for anyone to buy Bitcoin anymore. Cause it's price won't be reducing so much for now. So, working hard for Bitcoin and buying a little of promising altcoins and holding them for long ( probably just till the altcoin season ). That way, I will be able to earn from bother the drop and increase in the prices of several cryptocurrencies.