Bitcoin Forum

Hi guys

Many people enter the space and get REKT , because they buy a coin at a HIGH , sell at a LOW , are unsure of how to split their investments, and are not aware that DCA is a good strategy. I think its all because people rush in without planning - a simple plan can help overcome these things.

I made this video which shares some tips from my side , let me know what you think : https://youtu.be/00tiOaI-LVg

Thanks

Nice video, gave a thumb up, the best part I would like to talk about is buying low and selling high, one needs to go with bitcoin for trading because its the best, very active and doesn't disappoint, secondly is to choose a top exchange for trading, I use kucoin most times and I have been able to double my 0.1 BTC up to 0.25btc just by buying low and selling high

Correct on both points

I think people still need to learn that crypto market is not get rich quick scheme yes it does yield massive returns especially when you get in right at the start of bull trend but fomoing in when prices are already near peak is never good especially when you are not in for the longterm then you have no option to accept loss and move on.

The end game is to sell at whatever price you think is reasonable. Holding on "forever" can obviously cost you a TON of money, as we saw after 2017, when the whole market collapsed.

Right now is a good time to pick up cheap alts before they explode - I for instance is accumulating as much BLOCK as possible, since it's seem like a promising project with a ton of upside potential, considering they lauched the first DEX, and works on decentralized oracles.

There are tons of good projects out there, most importantly do your own research! :)