BTC will eventually find its way to 1.000.000$ (within the next 3-4 years) but it has to pass through 20.000-25.000$ first so hold on to your horses, trade at the meantime wisely but never leave the crypto field, keep as much as you can from the big coins at a safe wallet and wait patiently for the flight to the Moon 🚀 that’s all folks 🤜🏻🤛🏻
If you are a good crypto trader (traditional trader is not enough ) and if you can stay awake 24 hours a day, 7 days a week, following the market. Well, keep trading.
If you are like me, with a normal job and few bucks in Binance.....well.....HODL!!!!!!
You can still make money just hodling but you must follow simple rules:
1. don't keep looking at the charts every 5 minutes. it's just a waste of time, we don't understand them
2. invest only money you are ready to lose so you can keep your neutrality towards the market
3. have always some stable coins ready to invest when there is a dump
4. use your brain, not your heart ! there will be dumps, there will be pumps
5. set a goal to reach, even a small one, like making 10% out of your capital. and when you reach it, be ready to cash out!
6. decide if you want to be a long term HODLER or a short term HODLER . If you decide for short term, put your coins in flexible staking . If you decide for long term, fixed staking.
Some good tips that’s always useful to remember 👇🏻 (plus remember the old saying “gain and let others gain too”)
LIVE
RedAlpha23
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I started Binance around a Month Ago and Raised around 3000$ with 10.000$ Capital, i am coming as a beginner and still a beginner. Here what i've learned along the way:
1. Patience is really the key, this might be sounds generic, but patience really do pays off. So always wait for a good time.
2. Buy at Red, Sell at Green, i always do this although it doesnt 100% works but so far this works for me.
3. Diverse your coin, Dont stack all your capital into 1 Token, i always only use 10%-30% of capital for the token i invested.
4. Use Earn & Dual investment, including launchpool and airdrops. This is the way i raise my capital from 10K$ to 13K$++ i dont do much spot trading since i dont have data.
5. DON'T GET BRAINWASHED ! Binance Square's somehow full of delusional and weird people, writing about price down / up WITHOUT any actual data (Baseless), so i always go through square only to get informations, not for trading. DYOR.
6. Put target weekly and dont be greedy, everytime i over extend my Token because thinkink the price will go up, i always losing, so i always put target and will sell my token and i will stop caring about how much the price keep going up, as long my target is reached.
These all based on my beginner experience ! So in this bearish market, i just hold and when my target reach i will raise another 2000$ ish
Also consider $ATOM and $ADA for a midterm investment cause these 2 coins are facing a boost right after $BTC halving that might end to 3x times their current value #predictons
$SOL seems like an alternative coin to buy now and hold on to it cause before 2024 will say farewell it’s value will be 5x times higher #TipsForBeginners
$BTC Owners better hold on to it and if your pockets can afford it buy some more (along with $ETH $BNB because after halving the price willing rise to 75.000 - 78.000$ to a new Bull Run (always remember to withdraw your profits when this happens and continue to invest/trade with the initial capital)