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Author Topic: What is your most preferred approach to investing in cyrptos  (Read 226 times)
xiboothrezi
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February 01, 2021, 10:55:35 PM
 #21

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HOW do you approach cryptocurrency investing.
I choose a strategy that is minimal risk, and according to my abilities.

If there is a potential project, I will find information whether there is a bounty or contest, if there is, I will definitely join. this is a safe way for me, minimal risk, and I like to do it, and certainly not too much capital.
I made the profit from the bounty as capital for trading. everyone must have a different way. choose the most erective strategy for you, according to your abilities and capital. as much as possible understand what are the risks that you have to face in order to prepare for anticipation.

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Shasha80
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February 01, 2021, 11:39:36 PM
 #22

Everyone has their own way of approaching and getting to know crypto investing, some do day trading because they can get quick profits. There are
also those who are busy and cannot always monitor prices in the market, so they end up choosing long-term investments. Whatever your choice,
there is nothing wrong in my opinion, the wrong one may not be investing in crypto. I am a flexible person when it comes to investing in crypto,
depending on the coins to be selected and depending on market conditions when investing. So I can do short-term and long-term investments
at the same time.

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New_order
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February 02, 2021, 05:18:36 AM
 #23

i would regard myself as a dynamic investor, i am solely focused on making money and i adopted which ever strategy that i believe is going to make me the most money at that specific moment.
for example, during the bitcoin rally, i took the position of a day trader, trading it intraday with some leverage, that way i can maximize my earning potential
i can also take the position of a long term investor if i see a good project with a lot of potential, then i can join its fund raising or buy into the project at listing, depending on all the information available.

HOW do you approach cryptocurrency investing.
I'm not that good with trading but this is a good time to mine some coins as mining is very profitable right now so I fired up my long abandoned mining rig and also build new one too, it's been good days for mining once again
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February 02, 2021, 05:48:06 AM
 #24

Since I have my day job and had a little time to day trade and do my research. I am more of a long-term investor. Whenever I have spare money from my day job, I invest them in trusted coins such as Ethereum, BTC, Polkadot and etc. As much as I want to trade, I only have a little time to watch the market closely and read updates about what's going on to crypto.
wxa7115
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February 02, 2021, 05:53:35 AM
 #25

i would regard myself as a dynamic investor, i am solely focused on making money and i adopted which ever strategy that i believe is going to make me the most money at that specific moment.
for example, during the bitcoin rally, i took the position of a day trader, trading it intraday with some leverage, that way i can maximize my earning potential
i can also take the position of a long term investor if i see a good project with a lot of potential, then i can join its fund raising or buy into the project at listing, depending on all the information available.

HOW do you approach cryptocurrency investing.
At least to me what you are doing seems risky, there are many ways to trade the markets and it is very rare for a person to be good at all of them, each person is going to have a personal preference and that is what they will do best, trying to do everything at once can seem attractive but you are never going to be as good as those that specialize in a single way to trade.

And this is important because as we know trading is a competition and if the other traders are better than you then you are bound to lose money, this is why most people identify themselves with a particular style of trading and for the most part they do not change it regardless of the circumstances the market is going through.
bitcon
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February 04, 2021, 04:26:50 PM
 #26

That's a nice approach and strategy, and while you indulge in two that is trading and investing in new projects through its fund raising or buying during listing, there are people who only stick to just trading. There are also people who trade, invest in potential upcoming projects while also holding top coins, so what actually matters is having knowledge of whichever one you want and then applying it. In my own way, I trade when everything is right in my own sense, I also hold top coins like Bitcoin, Ethereum etc and lastly, when I see potential upcoming projects, I try as much as possible to buy during the fund raising and then sell once the trading starts, after which I watch the project to see the team's reaction that would then make me to either buy again when the price is low or just walk away with my profit.

It is difficult to find a more profitable direction on the Internet than investing in cryptocurrencies. I invest in TOP coins that are growing; in the long term, they give me confidence in a stable income. This way I risk less than buying new coins.
Princejebs
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February 04, 2021, 04:48:50 PM
 #27

The only strategy that worked for me was to hold btc and eth because all other coins gave me loss when i analysed my purchase price in terms of btc or eth, most of the alts are only good if you are looking for usd based profits.

Perhaps you never invested or buy the right token but is there even the right one? Question for me to answer Cheesy
I always trade in Binance because it's easier for me to convert my profit to fiat and do a successful withdrawal without any glitch.
I have realized one strategy on that exchange, ones a project is good, traders don't love to swing price such kind of projects with price action. What I do sometimes is to buy when it's dip and sell as soon as othera Fomo with update from the project.
This should happen in other exchange too but that's how I do some Altcoins.
kak uli
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February 04, 2021, 06:05:57 PM
 #28

i would regard myself as a dynamic investor, i am solely focused on making money and i adopted which ever strategy that i believe is going to make me the most money at that specific moment.
for example, during the bitcoin rally, i took the position of a day trader, trading it intraday with some leverage, that way i can maximize my earning potential
i can also take the position of a long term investor if i see a good project with a lot of potential, then i can join its fund raising or buy into the project at listing, depending on all the information available.

HOW do you approach cryptocurrency investing.

There are several approaches that we must take in trading, namely the long term and the short term. because both are able to provide us with greater benefits. and I totally agree with the pattern that you have done because I also do the same as you. then we must be able to gather the best information possible and we take the opportunity to make a profit from it.

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