5 Bitcoin Investment Travel Plans Analyst Recommendations, Turn Losses Into Profits

-
Bitcoin (BTC) has received significant attention and investment in recent years, but not everyone has found success in the volatile crypto world.

Some people have lost everything they had, while others have made significant gains.

If until now you have struggled to make money with Bitcoin, then you are not alone.

A top analyst with the pseudonym CryptoCon on Twitter says that there are 5 ways to change your journey, namely:

5 Bitcoin Investment Travel Plans Analyst Recommendations, Turn Losses Into Profits

Stop Trading

Trading can be interesting and potentially profitable, but it can also lead to significant losses.

The successful trading strategies that investors recommend are tedious, with a 40-50 percent success rate, and involve risking a tiny percentage of your portfolio (1 percent).

Anything beyond that is gambling. Instead of trying to beat the market, consider a buy and hold strategy.

Stop Listening to the Narration

Many people believe that Bitcoin is indestructible and will reach US$1 million, making it a safe haven for inflation.

While it's important to have a positive outlook, these narratives can lead to unrealistic expectations and poor decision making.

People who rant about this crap can't sell, so stop listening to them. It's fine to be optimistic, but it's important to stay realistic.

Stop Being Lazy, Start Learning to Read Data

Many people rely on other people to interpret data for them, which can lead to biased information. Therefore, understanding the facts and closing your ears to bullshit stories can help make the right decision. Don't be lazy, learn to read the data and interpret it yourself.

Start Selling

Dollars are not a bad thing, and you probably used dollars to get Bitcoin for the first time. Selling can help you earn more Bitcoins and improve your financial situation. Even with imperfect taxes and exits, the sale can be worth it in the long run.


Stop Setting Price Targets

Waiting for the perfect conditions to buy or sell can be the easiest way to never make money. Instead, look at long-term data to make informed decisions. Avoid setting unrealistic price targets that may never be met.

Komentar

Posting Komentar

Postingan populer dari blog ini

5 Ways of Crypto Scams You Should Know

-
Gambar
The world of crypto assets certainly cannot be separated from the targets of bad players. As told by one of the crypto influencers, Dami-Defi when 3 of his friends fell into a crypto scam trap. He said that his friends' wallets were hacked, and $25,000 disappeared quickly. For this reason, Dami-Defi, in this case, describes as many as 5 crypto scams that often occur and how to 'scrape' or avoid them Honeypot Scheme Honeypot schemes are a way in which fraudsters track large wallets, and send fraudulent tokens to trick trackers into investing in bogus projects. These transactions are marked as “received”, which is tempting for investors. To protect themselves from Honeypot schemes, traders or investors are advised to avoid investing in small amounts of tokens, especially in the range of US$ 200 to US$ 5,000, unless there is a valid reason. Additionally, users should exercise caution when dealing with “received” tokens unless the amount is significant or is part of an over-the
Read more »

6 Right Ways to Easily Choose Legit or Scam Crypto Assets

-
Gambar
With the influx of new tokens into the crypto sector every day, it is becoming increasingly difficult for traders to recognize good and bad projects. This is due to the large number of scammers and hackers trying to con investors out of their hard earned money. However, by following these steps, you will be able to recognize good projects in the crypto market before you invest in them. Here are some key factors to consider: Listed on the Exchange This is an important factor in choosing a crypto project to invest in. While sometimes the hype regarding listings on major exchanges will create a furor, these projects may end up not being listed successfully on those exchanges. Most of them use the news to drive up the price of the token, thereby encouraging investors to buy as it becomes available on popular exchanges. Even though listing on a major exchange does not completely determine the movement of a coin, trust is higher if it is listed on a prestigious exchange. Social Media Presenc
Read more »

How to Take Profit (Take Profit) in the Crypto World

-
Gambar
Trading crypto assets offers lucrative opportunities for individuals to make substantial profits. However, many traders find it difficult to hold on to the wealth they have amassed. It is this common mistake, namely selling too soon or holding on to an asset for too long, which often results in traders returning to zero. To overcome this challenge, experienced trader Toni Ghinea shares valuable insights on effective strategies for profiting in the crypto world. By understanding the importance of capital preservation and adopting a disciplined approach, traders can increase their chances of long-term success. Contrary to popular wisdom, Ghinea emphasizes that the main goal for traders should be survival. While profits may look tempting, it is important to focus on preserving capital in volatile crypto markets. “A change in mindset is needed, where the true skill is not in making money but in keeping it,” says Ghinea. Ghinea revealed the value of the "OODA loop" as a decision-m
Read more »