We are in the most difficult times of cryptocurrencies. Investors are very confused. We are living in days where the bottom and top of cryptocurrencies cannot be predicted. We will try to help you with what you can do as investors.
When you invest in a cryptocurrency, you must first know what type of investor you are and invest accordingly.
You can invest in a cryptocurrency for short, medium and long term. However, this has various pros and risks.
👉 If you are a daily trader, you will be away from the effects of the market in the medium and long term.
You trade with a certain risk premium. At this point, it is very important to follow the news. When you catch important news; You can trade with the influence of the news. There are many people who do this. If you are day trading, you should be very careful and follow the market closely. You should protect yourself from FUD news and adjust your psychology well.
👉 Medium term (swing trading) appears as the most preferred trading method.
Since the volatility of cryptocurrencies is very high, investors want to benefit from it. Cryptocurrencies with high ups and downs can be preferred here and you can grow your funds in this way, but you should be very careful. You may lose your funds in a possible crisis in the market. At this point, you should not invest more than you can risk.
👉 Perhaps the most preferred trading strategy; holding, that is, HODling... We can say that it is the most comfortable investment strategy.
However, at this point, project selection is very important. If you think you are in the right project, Hodling may be the most logical investment choice. It will also be very important that the coin you hold generates passive income. For example; #BNB ! When you hold BNB, you can receive a certain amount of APR rewards. In addition; You can get your share of every coin listed on Launchpool, Megadrop and finally #Binance exchange.
To give another example: LUNC! While waiting for the historical return with long-term investment in LUNC, you can also earn passive income thanks to staking transactions.
Of course #Bitcoin ! Bitcoin is the sun of this system. You can make your long-term investment in the most reliable cryptocurrency that is strengthened by ETFs such as Bitcoin and powers cryptocurrencies.
The biggest risk of long-term investment will be choosing the wrong project and buying a single coin with all your funds. At this point, you can diversify your investments by making a basket.
If you want to trade successfully, you should take advantage of all the opportunities of the system. In addition to your short, medium and long-term investments, you should also consider investments that will provide you with passive income. We mentioned some of them above. Additionally, APR opportunities provided for coins such as USDT and USDC; Gold-indexed cryptocurrency investments can be said.
This is also the case in our daily lives; We have daily, medium and long term investments. If you do not own a home, owning a home may be the most logical investment tool. If you have money and do not need it for a long time, buying land will be the most comfortable investment tool for you. If you are considering the medium term, you cannot find a better investment than gold. If you are a short-term thinker, you can evaluate the deposit advantages offered by banks. These examples can be increased. For example; State-supported Private Pension System! It can be considered a very long-term investment.
At this point, our advice to you would be to evaluate all of them. Don't think of cryptocurrencies as just buying and selling. They have many opportunities. When you benefit from these opportunities, both your knowledge and trading skills will improve.
Most importantly, you will learn to be patient and be able to control your investment psychology in a healthy way.
Cryptocurrencies are entering our lives. The most important thing you need to do here is; Doing your own research and accessing the most valuable thing: knowledge!
Thank you for reading my article.
