#BTCXmasOrDip?
Never invest your entire capital in a single asset; this approach is highly risky and can lead to significant losses. Instead, diversify by investing in 3-4 promising coins that show strong growth potential. It’s advisable to allocate only 20-30% of your total funds to each coin.
A useful strategy is Dollar-Cost Averaging (DCA). For example, if you have $1,000, you could allocate $200-$300 to one coin, depending on your preference. Initially, invest 50% of that allocation—say, $150 if you’ve chosen $300. If the price drops, add another 20% of your total allocation, and if the coin declines further, continue averaging down with another 20-30%. This way, you lower your average cost per coin, positioning yourself for better returns when the market eventually rises.
However, if the coin appreciates immediately after your first purchase, consider selling and securing your profits, rather than succumbing to greed. Always remain calm and observant, paying attention to market trends and charts