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Author Topic: what do you expect from cryptocurrency?  (Read 1293 times)
Boomber
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March 23, 2023, 02:37:11 AM
 #161

This time i would still expect profit from crypto, i believe that crypto will make a new history this year and i believe that those who can hold will have a big gain, many expect that this year would be a bullish year for bitcoin and i hope so.but we still beed to be careful  bitcoin is still high on volatility stop loss is always a good strategy.

I don't really recommend you to stop loss, because in my opinion it doesn't need to be done, unless you invest in shit coins, but if you invest in cryptocurrencies that are popular, then you don't need to be afraid and never do stop loss, because it's better for you to do DCA (my personal opinion), but everyone has their own opinion and strategy.

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Pamadar
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March 25, 2023, 07:18:01 AM
 #162

This time i would still expect profit from crypto, i believe that crypto will make a new history this year and i believe that those who can hold will have a big gain, many expect that this year would be a bullish year for bitcoin and i hope so.but we still beed to be careful  bitcoin is still high on volatility stop loss is always a good strategy.

I don't really recommend you to stop loss, because in my opinion it doesn't need to be done, unless you invest in shit coins, but if you invest in cryptocurrencies that are popular, then you don't need to be afraid and never do stop loss, because it's better for you to do DCA (my personal opinion), but everyone has their own opinion and strategy.

Exactly, everyone has their own opinion and has their own understanding of how the business works. If you trust the asset, you invest your money. I also agree that there's no need for stop loss as it will cause you to lose your money.

But if you are unsure and you are investing with some meme coins or new projects that you are just using,
for quick benefits, stop-loss is very important to avoid losing a lot.
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