First, we need a necessary change in our cryptocurrency strategy.
I acknowledge that many of us have lost/liquidated in these last days, and I include myself. What I had gained weeks before I lost completely.
If you are one of the affected people, I want to invite you to reflect with me: do we continue trying to recover losses, or do we change our approach?
The idea is simple:
Step 1. Buy your preferred cryptocurrency or the majority selection always analyzing if it will have future returns. And don't focus on the short term or try to trade with Futures.
Step 2. It is advisable that it be from 50$ onwards. Why? When trading in Spot, only the one who sells loses. However, even if we have 10$ accumulated, and a coin multiplies its value, we will not be earning more than double. I recommend doing Futures if you are willing to take risks, with low leverage.
Step 3. Once you choose your preferred crypto, analyze the market at this moment and enter at the lowest possible price; it doesn't have to be the last one. It will continue to go down, and I assure you, but try to position yourself for these coming two months.
Step 4. A tip that I wasn't taught but was able to research. When trading in Spot, they charge us a fee that, no matter how small, harms us if we are buying and buying. I recommend that you check the options on Binance and access Binance Square and approach the profile, where there is an option to Deposit. Every day they give us the opportunity to earn 2 points, and different promotions rarely arise. I also recommend solving the words of the day in Binance WODT to earn more points. These points are redeemable and offer us discounts on fees. This way, we will avoid being left without money.
I hope this has been helpful; at this moment we seek to support each other through the great drop.🥶🫠
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