Hello everyone,
Let's discuss and exchange experiences!
I know that many people have lost some money in this currently bearish market, as we notice that most Crypto currencies are declining in value.
But there is no need to worry or fear, as this is not the first time that the value of Crypto currencies has decreased!
For many years,
#Crypto_currencies have fallen and rise according to supply and demand, in fact, this is what makes people make profits from investment. If the value of Crypto currencies does not decrease and rise, how will we
#make_profits ?
Therefore, we must look at this market positively, but without exaggeration, so as not to lose all our money!
Well, this leads us to ask ourselves what is the
#best_investment_strategy ? and how can I increase my chances of making profits with
#less_risk ?
I think the best strategy for investing in Crypto currencies is to buy when the price falls and sell when the price rises. But to achieve this, we have to monitor the Crypto currency that we want to invest in and see all the details and what is the lowest price it reached and what is the highest price it reached!
Taking into account the time during which this cryptocurrency was low or high, meaning how many years, how many months, or how many days! Also, something important that we must not ignore is the total max Supply of this currency and whether its price is proportional to its max Supply.
What is my method of investing?
I found that the best way is when I buy a Crypto currency, for example, at a price of $1, and after a while this value drops to $0.90, so I do not have to be confused and afraid and sell it and lose $0.10 at the same time, I do not buy more, No just wait until it rises again or drops further to $0.75 or more, then I buy more in order to adjust the price, meaning when I have 100 currencies at a purchase price of $100 and the currency falls and their price becomes $75, I will buy 100 other currencies at a price of $75.
I will double the quantity so that my balance becomes 200 coins at a price of $175, meaning each coin I have will be worth 0.875. Then I will wait until the currency rises or falls to the price of $0.50. If it falls to this price, I will buy 200 more currencies, so my balance will become 400 currencies at a price of $275, meaning each currency will be worth $0.6875. Note that if you buy more, the cost per coin will decrease!
But keep in mind that there is a possibility that the currency will decline further, so buy more when it declines, or wait until the currency returns to a good price and sell to achieve profits.
Therefore, it is a
#good_idea to leave USDT cash with you as a reserve to buy more and not spend all the USDT at once to avoid a big loss.
This is my investment strategy What about you? I would be happy if you shared your strategy with me.
We are here to exchange experiences and benefit from each other
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💥Note:💥 I am sharing an opinion and sharing what I do personally, so do not consider this to be financial advice. The market may change at any moment and you have to make your own decision. I disclaim responsibility for any potential financial losses you may suffer after reading what I wrote.
In the end, I am like you, I learn and search for advice and exchange experiences that we have tried, and I am not a financial expert!