BTC touched 69k/USDT today and quickly retraced to 65.4k.. This is very healthy, as so many spot traders set 69k as sell target. It will gear up and surpass 69k within this very week, most likely.
Many traders and newbies will be tempted to invest in BTC. It not actually a bad move, but look at it this way: if BTC price gets to 160k, it would only be 2x of your investment. Why don't you just buy some Altcoins with strong usecases and at giveaway prices??
Don't have the mindset to get rich quick. it's the start of the #bullrun, pick your #altcoins and spread your investment in them, hold and relax, ride through every market wave. You can take profit or sell your holdings once you achieve your set target.
MY PERSONAL STYLE:
1. Buy good cheap altcoins with 80% of investment funds, and hold until each of this coin hit my price target.
2. I use 20% of my funds for Risky plays on Presales and Degens. In this case, I don't get greedy, I always set 2x as the first profit taking target, I take my initials and leave the remaining balance for moonshot target.
These technique has never failed me. I made 33k with 6k from Dogecoin in the last bullrun by holding patiently.
I have made 263k in total from trading Risky gems in the form of presale and stealth launches.
Although, the first approach mentioned above could yield slow or less profit, it is the safest, bested only by Staking coins to accumulate APR.
Taking Risky approach could yield the most profit, but only use only funds that you are ready to lose.
SOME OF MY PICKS FOR LONG HOLD:
- KAVA
- MINA
- OP
Basically Layer 1/Layer 2 Altcoins will have a good run soon. About two weeks ago, AI sector coins pumped, for some days now meme toke pumped, it is the time of the L1/L2 coins and meterverse also.
DYOR!
