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Author Topic: Let's share some tips among ourselves.  (Read 769 times)
Jatiluhung
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October 03, 2023, 10:37:52 AM
 #81

What criteria do you use when buying and selling? Let's share some tips and expertise.

For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Personally, I might now buy more bitcoin and some altcoins because I am motivated by the bitcoin halving that is right around the corner. And the other encouragement is the same as point number 3 that you mentioned. But for number 2 I probably didn't think about that one. At least for now. But I don't know later. For purchases in altcoins, I personally decided to buy when I saw that the dev of the project was a fairly well-known person and the team continued to be active and the project continued to progress according to the roadmap. And there are large investors who also participate in funding. This is what made me decide to choose an altcoin to buy.

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October 03, 2023, 10:58:44 AM
 #82

Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

Of course, profit and loss become loyal friends for traders or investors, profit becomes their main goal but that does not mean they forget about losses or something that can have an impact on losses, therefore planning is a very important thing that must be owned by market participants, if they go home with several losses then I make sure maybe their planning is lacking or they are too careless so they end up with losses of different amounts. That's right, only those who get the opportunity to buy at the right time or at a low price will usually go home with the profit they want, but honestly I wouldn't say that's entirely true, because in the market anything can happen. Even if you have bought at the right time but as time goes by if the price has not touched the point you have determined to sell then it is very likely that the price will go back down and maybe you can also be very affected by very aggressive market fluctuations, it is not uncommon to experience events like this.  Therefore good planning is needed, such as for example you set take profit and stop loss in the right area, it will be more helpful to minimize risk and reduce your greed there.

If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

I think the best thing for the first step is that you should focus more on your capital, I mean go slowly, take profits even if it's small it doesn't matter the important thing is that your capital is back first and after that you can continue with the money from the profits. You said something very beautiful here but I said the market will not always be in our favor, the point you made is true, buy at low prices and sell when prices rise. That's what market participants always want but we must also not forget some factors that are very likely to hinder and can even make us initially profit to loss such as poor planning. Do not be too excessive in assuming and certainly eliminate greed in yourself. So the point is quite simple you just need to keep yourself wise and responsible
 or whatever the result, profit and loss is normal, use your best method and never stop learning because the market will always surprise.
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October 03, 2023, 01:21:10 PM
 #83

Risk tolerance should be carefully considered in accordance with the investment funds, investment objectives, instruments, and potential profits.
In other words, risk tolerance is the maximum level of risk and the minimum level of risk that a trader can take.

What you should think about in determining risk tolerance is how much loss you are ready to bear to get the expected results according to the time period,
investment funds, and objectives.
Risk tolerance is more about how you could take on more risk if you are willing to lose that. Just to give an obvious example, if you went from 20k to 180k then spending 5k on a silly trade where you know you are going to lose but you want to take a shot would be very little risk and not really hurt your balance, you can lose it all and you would be still a guy who turned 20k into 175k and it would all be fine.

However, if you put in your last 5k, that's your entire balance and you have no other money to your name and you put that into something silly that will probably make you lose money then you are going to be very upset if you lose it. In both cases it is 5k, and in both cases you see a different level of risk tolerance.

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tjtonmoy
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October 03, 2023, 04:41:06 PM
 #84

Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

 If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.
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October 03, 2023, 09:31:28 PM
 #85

Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

 If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.
Always set goals or sell limit or target on which its always been that ideal on doing such thing rather than on making those kind of holds into those numbers which turns out to be that non-realistic. Whether we do like it or not on which there would really be people who do have those kind of approach on things on which they are really that indeed believing that price could reach it up which sometimes we do know that claims and those numbers in mind is something that plays on that non realistic side or not something that achievable but people do still blindly making out those decisions basing up on what they do believe. Some people doesnt really focus that much on BTC and rather they do make out diversification through altcoins which its not really that a bad option or choice either. It would really be just sharing up on the same sentiment when it comes to buying and selling on which it would really be just that right that setting those selling points would really be crucial because if you had missed out on doing such thing then you would really be ending up on waiting
again for another bull run cycle which it does take 4-5 years based up on real experience or simply the casual cycle that we do have on this market.

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October 04, 2023, 01:29:59 PM
 #86

I think I am more towards Bitcoin Halving. We should make this perfect circle of investment. During the four years of period we should be investing into bitcoin. Going further we should make compounding investment with the help of DCA method and grow bitcoin along the way. With the halving we know very well that it can bring us good amount of fortune by making upward movements. Now I don’t want to discuss whether it’s mere chance or not because it always happens and it had always shown the same graph over technical analysis.

If I were to choose any other method then it’s simply saving my bitcoin in cold storage. There they could be very safe, untouched for years of holding. Then it could be 2-3 halving I can wait until I sell them. Smiley
We all invest and expect massive profits when bitcoin halving comes. That is because our mindset is already fixed that when there’s bitcoin halving, there will be limitless profits as well. However, it takes financial capability at some point so you can fully invest for long term without putting some pressures on yourself when to reap those profits, and even forget your investment after if needed. If you can do that, you will surely make a huge return of investment after bitcoin halving as the market only becomes highly profitable once the halving is over.
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October 04, 2023, 05:51:42 PM
 #87

It would really be just sharing up on the same sentiment when it comes to buying and selling on which it would really be just that right that setting those selling points would really be crucial because if you had missed out on doing such thing then you would really be ending up on waiting
again for another bull run cycle which it does take 4-5 years based up on real experience or simply the casual cycle that we do have on this market.
Yeah, we need to profit while we can. If we miss the opportunity then we will have to wait that long. The market is not as volatile as it used to be to trade and make a profit. And trading is a hard job. It also contains more risks than hodling. You may get a successful trade or you will make a loss. But in hodling, all we have to do is find the opportunity to make a profit. But as mentioned before, we can never predict the perfect top. In order to get a solution we will have to set multiple targeted sell in order to average our profit and also to be in profit. You may hit the perfect top. Without the target sell price we can not achieve that.
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October 04, 2023, 06:55:00 PM
 #88

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.
Getting some sort of prediction for the future is impossible if you are looking for something that is exact in the end. I believe that we are going to end up with a good return if we end up selling our capital back and then just deal with the profits.

Think about it this way, you could just sell the capital out, and the rest would be amount you risk as much as you want, if you want do the most outrageous risky thing you can think of, and then you could do whatever you want to do with it. That is the most important part, always trying to do something that you could limit your risk that way and no matter what you would do be able to profit without thinking about what could go wrong. This is a method that helps people for the long term and could make you go towards the right direction.

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October 04, 2023, 07:06:35 PM
 #89

~snip
You bought BTC at $17k, $20k, $18k, $25k, $35k.
Now you predicted that BTC can go up to 70k for example.
Now you set a target for selling your BTC.
Could be like this. $40k, $45k, $50k, $55k........ $70k and above like $75k $80k etc

Now if you can do the math, you are always in profit. Because you bought at low.

If it reaches $60k, you are in a good profit. If it makes a downward turn, you can buy more at a low price and then set a sell target again.

If it reaches $70k then your target and prediction are reached. You are in profit.

If it goes beyond $70k, then you are in more profits.

Now my question is this. Do you wanna risk it all on one time shot and sell 50% of your holdings and then do whatever you want with the remaining 50%, or do you wanna make more profit like this? Investment is not a one-time buy and sell. It's a continuous journey where you need to keep doing it again and again in order to find the best opportunity.
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October 09, 2023, 08:54:46 AM
 #90

Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

 If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.

DCA is the best method among all crypto currencies, but if the price of Bitcoin falls, you can buy more with DCA there. As BTC fell to $15,000, most people bought a large number of Bitcoin. For those who were waiting for Bitcoin to drop to $10,000 so they could buy back there, the price of Bitcoin will be hard to find even at $20,000 now, so I don't think DCA is necessary everywhere.

If we are getting a good profit after our purchase, the purpose of selling my 50% crypto was so that we don't miss out on a good profit. I don't necessarily always sell my assets at my target, but I will sell my assets when I get a reasonable profit. If someone invests $1000, and his target is $4000, when the price becomes $3000, he does not sell but waits for the target, from there the market falls again, then his assets are reduced to $500. So one can say, that he made a wise decision?
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October 09, 2023, 11:26:30 AM
 #91

~Snip
Please read the previous reply that I have made before your reply. I think I have explained it quite good for anyone to understand. But if your method is working for you then why not. I'm not pushing you or advising you to do it. But if you can make a profit from my method then you can give it a try, but it's all up to you.
And the thing about sudden price drop and DCA. You should DCA on a different account that you only do DCA with. And another account should be for opportunities like price dump. What you use for DCA should only be used for DCA and there is no fixed target on how much profit you want to make from your DCA investment. If you find potential profit you can sell in order to make some profit, but that doesn't include 50% of your whole asset.
Then you can continue doing DCA again.
And the investment that you do by taking opportunities of price dump, you can sell it on your targeted profit or before or after that. But the DCA method still stays the same. I don't want to be bias about this but doing DCA only works on reputable cryptocurrencies that have been here for a long time and not going anywhere. But with every centralized coin you can never know for sure. That's why my all bet is always on Bitcoin.
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October 09, 2023, 10:30:11 PM
 #92

What criteria do you use when buying and selling? Let's share some tips and expertise.


For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.

Well, if you are looking for earnings in such cases, I think you will have a hard time, even if we say you have knowledge about the trading that we do here. For me, it is difficult to keep up with a situation that we see in the market that is quite wild or aggressive.

So if what you want is really guaranteed income, invest your capital in the long term, knowing that your capital has a destination; don't worry about it, of course. Believe me, in such a case, day trading may still give you a profit, but most of the time it will, in my opinion, be useless. Just accumulate Bitcoin and other crypto while Halving is coming or happening; this is the best way for now, in my opinion.

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November 21, 2023, 08:27:41 AM
 #93

Trading in financial markets, including the cryptocurrency market, has taught me to look at prices in a new way. Now, if I feel that the price is too high, it signals to me that it's time to sell. This is one of the key trading lessons that I apply not only in financial markets but also in any other sphere.

For example, I approach a cryptocurrency ATM, observe the fees, and consider them too high. What signal does this give me? A signal that it's time to be not a customer of the cryptocurrency ATM services but a provider of such services. If the price is high, I prefer to sell.

Another example: the price of bread sharply increased in my city. What does this indicate? It suggests that now is not the time to buy bread. It's time to sell it (meaning buy flour and open a mini-bakery).

However, it may turn out that I mistakenly characterized the price as too high. In reality, the price may be justified: cryptocurrency ATM owners face high risks of involvement in money laundering, and the bakery incurs excessive costs for gas or electricity.

Well, trading has also prepared me for this. It's essential to set stop-loss orders and timely reject following a false signal.
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November 21, 2023, 01:52:01 PM
 #94

I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.

What criteria do you use when buying and selling? Let's share some tips and expertise.


For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.

There is another point that I want to add in terms of investing. A project needs to survive at least one bear season to be qualified to be considered in the safe to invest category. 

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November 21, 2023, 02:13:35 PM
 #95

I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.
DCA is always the best way to invest in cryptocurren and the market correction season especially when there's a lot of panic in the market is the time to invest in Bitcoin and the altcoin that will always follow the BTC market trend when it halving season.
That's my own strategy of investment.  However,  investing in altcoin market when the some altcoins start to pump is good but it's best when there's correction.
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November 21, 2023, 03:08:17 PM
 #96

However,  investing in altcoin market when the some altcoins start to pump is good but it's best when there's correction.

My approach to the altcoin market is different because i think if an altcoin starts pumping then we are already late to invest and investing in an altcoin when it is making corrections can also be risky because some altcoin markets are so manipulative that the team controls the market by dumping their own token so it can go down for a very long time. This has happened to me before so i know the pain. IMO the best time to invest in an altcoin is when it is moving sideways. This is an indication that the early investors are out of the market and there isn't any sell pressure on it. If you are looking for a long term investment plan for that altcoin this is the perfect time for you to accumulate.

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November 21, 2023, 03:54:14 PM
 #97

I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.

Altcoins? Not too bad but you know how manipulative altcoin can be especially when the market is greenish and majority of them will dance to rally around with bitcoin and dump suddenly. I know you might already have a coin in mind but you need to be extra careful especially with the coins in which the team behind the project is anonymous or not very transparent about their identities. Altcoins are some time very good to make profit with but the risk is so high.

What criteria do you use when buying and selling? Let's share some tips and expertise.


For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.

Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.

The Bitcoin halving is a major event that has historically had a big impact on the price of Bitcoin but you know the relationship between the halving and price isn't a direct one to one correlation but the basic economics of supply and demand come into play. When the supply of new Bitcoin is reduced, it increases the demand for existing Bitcoin and this tends to drive up the price.

R


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November 21, 2023, 05:39:15 PM
 #98

I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.

Altcoins? Not too bad but you know how manipulative altcoin can be especially when the market is greenish and majority of them will dance to rally around with bitcoin and dump suddenly. I know you might already have a coin in mind but you need to be extra careful especially with the coins in which the team behind the project is anonymous or not very transparent about their identities. Altcoins are some time very good to make profit with but the risk is so high.

Every time, it's not the team that manipulates the market. Whales also do this and Luna can be the best example of this. The tokenomics model they followed was so bad that it scrawled their whole market and their investors lost billions of dollars. I can still remember those events and how everything happened so fast, even though I lost almost my entire portfolio at that time. That is the reason i don't put all the eggs in a single basket any more. I tried to diversify to minimize the risk. I am just trying to invest narratively, which means there will be an allocation for different types of cryptographic narrative tokens.

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November 21, 2023, 08:02:41 PM
 #99

Only tip I can give you is this.

If bitcoin is rising and all your friends and family are talking about it. You go outside and you see people looking at the bitcoin price on TradingView. Your Uber driver is trading and driving at the same time. You got people selling their homes to buy bitcoin. It means it’s time to Sell. It works almost every time at predicting a top.
Ha ha ha. I also think this is the most effective tip too. This phenomenon always exists when the price of BTC is at its peak, everyone will talk about BTC and buying it, meaning this is a sign that we should sell it, and usually that's what happens when BTC reaches ATH, almost everyone talks about BTC and buying. In the end they have to continue holding btc for a longer period of time because the ath moment has been reached and they have to wait for the next ath.

Quote
Predicting the bottom is when bitcoin doesn’t move and everyone thinks it’s dead, like right now actually. Usually this means it bottomed and should rally from here on out.
Apart from the three tips from the OP, the tips or strategies you shared make sense to me. When many people think BTC will die, that's where we have to collect as much BTC as possible.

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November 22, 2023, 09:39:37 AM
 #100

What criteria do you use when buying and selling? Let's share some tips and expertise.


For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.

I'll go for Bitcoin halving because I will definitely make a profit when I can accumulate potential cryptocurrencies, apart from Bitcoin, and other top cryptos in the market as well. as long as the coins you choose are correct.

Are those coins that you are sure also went along with the rise of Bitcoin during the halving period or even before the halving happened? It happens so often in this industry that I've actually witnessed it twice.

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