How to Deal with Crypto Trend & Market

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In the crypto market, it is very important to understand how the trend is going and accordingly we need to plan our investment strategy. The market has two types of people- some people are the ones who hold for the long-term and another part of people buy and a sell in short period to grab easy profit. Sometimes it is possible but sometimes not, because it is very hard to predict the market it's next move. Some people gets so confident when they make good ma oney in short period and it's because their strategy went well. It happens and I'm sure that many of you would agree with me that sometimes our strategy help us to earn a good profit out of the investment in the crypto market. The right way is to keep some profit away instead of reinvesting all money back into the market.

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My Early Crypto Experience

I remember in the beginning when I was new in the market I was able to earn a very good amount of money because it was a bull run time.the It was year 2017 and my portfolio was almost gone up by 5X inmonthsths time. Since I was new in this market so I got overconfident and reinvested all my money back in the market. As always market does not stay in the same position for long it was cIed. That don't fall asleep for almost 2-3 years. My investment went down by almost 90% whereas it was up by 5X when I invested.

I did spend some time learning tips and tricks and what is the best way that I can follow to stay here for the long term and even make the investment profitable. I'm not saying that I have very good knowledge about the crypto market but the strategy I follow has been helping me in situations to make money on my investment simply simple that I invest in anything for a long-term and just stay away from short-term trading or anything that can give me to profit.

It's at simple as that can able to earn quick money from something then also be prepared to lose the same way because it can also take the money away from us. To b,e honest I am not good at trading and this is the reason why I avoid doing this but I'm very good at long-term holding. I do my research first and decide that in your I investvestment for before investing the amount. I think that here the traditional way of investment helps a lot. Do you remember how bank deposits work? If not then I would like to mention here that whatever amount you invest with the bank for a pay period.

Crypto is not Quick Money

Let's suppose this period is 1 year then you'll never be able to access the current balance unless the deposit is matured. It means whatever is invested is not for the same period and we do not know whether the value is going up or down. But here in crypto since we have easy access we keep on checking quite frequently to see how the prices are going or even going down. I believe that this is not the right way to invest because if you do not have the patience for a long period then there is no point in investing as you will always feel the risk of the investment which is not worth in my opinion.

Yesterday the market well and decide your strategy before you invest. Make a selection of good projects that you think are good enough and built on a strong foundation that can keep them running for the next 5 years at least. It's too that we cannot predict everything and anything can happen in the market but at least from the research point of view we should not ignore this. If we can choose a strong project with a good market cap and trading volume in the exchanges then investment can be made in this.

I think that investment can be easy if we follow certain points and with these, it can be fun also. It's not financial advice in any VS because I always believe that we are the best jazz who decide whether we want to invest or not and you should not rely on anyone else unless we are not sure of the project or the point that we are going to invest on.

Thank you

Posted Using LeoFinance Beta



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