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Let's face it. trading is not easy. it's definitely not everyone's cup of tea. I don't think you can find definite success with trading even when you have become a pro trader. Espeiclaly given how volatile the market it. The solution lies in keeping a diverse portfolio and being smart with your trading decisions. Don't give in to FOMO or make emotional decisions when you see the price of an asset dipping. I use a trading bot to keep my portfolio profitable and maintain a balance of assets to minimize the risks involved with trading.
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So I use a crypto trading bot and investment platform which maintains my diverse portfolio. I do have some meme coins at the moment in there but I honestly don't think going all in on them only is going to be a smart move so the bot essentially trades and balances my portfolio to minimize the risks as much as possible and boost my profits.
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I think there is always a risk but if historical patterns are any indicator, Altcoin season will eventually start and there will be potential for profit.
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Each have their benefits but day traders need to constantly monitor the market, which is hard for most people. I used Automated Trading with human supervision and its working quite well for me.
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I have been diversify with BTC, ETH, SOL, LINK, DOT, DOGE, and more. My strategy has been to rebalance my portfolio with a crypto trading bot.
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Yep. Build a diverse portfolio with altcoins alongside Bitcoin. When BTC rises, the alts will follow. I have a pretty diverse portfolio at R100K and I have seen great profit.
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ADA. Yes, the price has disappointed, but newbies need to understand the value it holds. I've been keeping it in my portfolio because I know the price will rise eventually. That said, I do have a pretty diverse portfolio and use a crypto trading bot (R100K) to keep it balanced.
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I don't think there are any altcoins that are exactly like bitcoin in this regard but check out ADA and ALGO. While these coins don't have a direct halving mechanism like Bitcoin, they are similar due to their fixed supply and PoS consensus.
Cardano (ADA) has a Supply Limit of 45 billion ADA, its Consensus Mechanism is Ouroboros PoS and while there is no explicit halving, the reward distribution decreases over time.
For Algorand (ALGO), there is a Supply Limit of 10 billion ALGO, its Consensus Mechanism is Pure PoS and while there is No explicit halving, the rewards decrease over time.
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I invest by diversifying and rebalancing my portfolio. But current most stable investments are SOL, ETH and ADA but I'm also invested in LINK, LTC, ETC and some others. Ive actually generated 143% profit on my current portfolio. My investments are always shifting so I can't give a solid list but I'm doing pretty well.
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I am a HODLer. No, I am not antigovernment. I see inherent value in Bitcoin and do believe it can transform finance for us. I have been investing in other coins as well and while crypto is definitely a volatile market, there is so much to learn and so many opportunities for significant gains. You just need to have the right tools and resources at your disposal.
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I agree 100%. There's inherent value in Bitcoin. You have pretty much summed up why. That said, I also think you can benefit from diversifying your portfolio and investing in altcoins as well. After all, when Bitcoin's value rises, the alts always follow. Naturally, one should study the alts out there and make informed choices. I use a crypto trading bot to ensure my portfolio remains balanced with the right percentage of BTC and promising and established altcoins to maximize my profits when Bitcoin reaches 100k.
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Right now is the perfect time to buy alts and even bitcoin. Everything is down. The market is undergoing a post-halving correction period. I think every invesor should do their research and invest in coins that have massive potential, alongside relatively safer options, and of course BTC for a diverse and strong portfolio. This is what I have done by investing in my crypto fund. So far, things have been good and right now I am just waiting for the next bull run so that the R100K community can truly see the gains!
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I think this is true for any investment. You should only invest in an asset after you have done thorough research instead of following someone else blindly. After all, it is your money that you're investing so if you suffer a loss, it will be your loss and not the person whose advice you followed. That said, I have invested in a crypto fund that has done well to diversify my portfolio so that I have high performing altcoins alongside bitcoin and can enjoy maximum profits.
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This is something that has happened historically as well. I keep telling R100K community members to not be discouraged. This is just post-halving price corrections. Bitcoin achieved a new ATH a month before the halving, which is why there's been a significant dip after the halving. More importantly, the bull run doesn't happen directly after the event. It takes a few months. So, my hopes are high. You can even benefit from the dip by investing in the right high potential coins and bitcoin so your portfolio remains diverse. I have invested in a crypto firm that offers great returns and promises maximum profit when bitcin reaches 100k., so I'm in it for the long haul!
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I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.
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I start with a historical analysis. I read up on past trends first and foremost and then look up what reputable industry names, i.e., analysts are saying about the event. For instance, right now many investors are worried about the price dips, but having done my research I understand that it's expected after the halving. It's just price corrections and even if the price dips further, it will recover during the bull run. I am also hopeful for bitcoin to achieve a new ATH this year as the post-halving bull run is yet to come. Historically as well, the bull run comes a few months after the halving.
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Hey, so you do have to pay taxes on your income but it does depend on your country. If you live in the U.S. you will have to pay capital gains tax. That said, there are some ways in which you can reduce the amount of tax you have to pay or even bypass it legally. You can read about them here: https://r100k.com/blog/how-to-avoid-cgt-on-cryptocurrency
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The halving always gives way to a new bull run, which might happen a few months after the halving. When the bull run comes, the altcoin season follows. The price to BTC increases, which brings more interest to the crypto world in general. Sine Bitcoin is out of reach for most people, they turn to altcoins to make quick money. The increased demand leads to a price hike across the board. So, altcoins benefit from bitcoin's high price and their price increases as well.
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