What is the best Bitcoin investment strategy? – Carmen Tracey
The definition of investment is “the act or process of investing money for profit.” But I would like to go a step further and add that investment is a medium- to long-term approach and is not related to short-term trade or speculation. So what is the best bitcoin investment strategy? Buy and hold … it’s an investment. Some investors like to use their investment, especially after the price has depreciated during the bear market. Averaging now, after falling by 85%, is much less risky than going to WA Bank when Bitcoin is 20K. In my opinion, the best strategy to buy Bitcoin weekly / monthly / quarter is to wait for the market to grow strongly, and then start leaving your position (just as you entered).
Knowing when to go in and out is the hard part, but now it can be argued that it is a relatively “safe” time to start averaging and we are some distance from the exit as the market cycle has been restarted and we are only now potentially switching to bullish market. Don’t allow yourself to be associated with the people who tell you to act on a daily basis or how you make millions by doing it daily … They don’t and probably try to fool you. I would suggest exploring as much as possible about bitcoin and market trends before buying one. Also, be careful who you trust when I started being very cheated … it’s crap.
Published at Thu, 07 Nov 2019 09:14:23 +0000
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