#BTC #greed #fear #patient We see most coins rise as hell. Many say unexpected to rise to much. Some expected to happened earlier . Either way, we are in a situation were we don't know what to do.
one simple strategy is is sell high, buy low.
Personally I am pro btc since 2012. Due to personal needs and impatience and impotence I didn't made good profit. I remember various times, years, periods, trying persuade mine friends to invest on btc. Unfortunately almost non heard me. They thought it was another buble similar to stocks.
1st let me clear something. Btc is the one and o only one of it's kind. Rest are followers. Either count and step on real well set up projects or just scams. Having a well made project doesn't always mean u gona succeed. We see nowadays networks much faster than btc, with better efficiency that doesn't manage to grow . So well build network isn't enough, it needs advertisment and luck and good timing. Many of them after some time even disappear. So I personally stick to #btc .which I believe never gona vanish . It night have it's up and downs but will be here almost forever . Yeah 10 years time, 20 ,and probably more . Unlike most alts.
So we saw recently btc rise in price. Which nake me us sceptical, what if I buy now and in few days weeks fell? I gona have significant loss. What if it keeps go up? With halving coming possible. Don't forget halving means also that producers, miners gona receive half btc for 1 block. So they have to sell at price that's equal to mining plus a minor profit in worst scenario ( or higher and play the wait game). So what was btc price few time ago? 30k 25k? Then they gona sell for 50-60k $ minimum. That's a safe spot. Then as usual we have the hype, we have more people investing on it, we have specific amount of btc to be mined, no Inflation. In 3 years time. Almost same amount of btc around. But more people aware of it or investing on it . What that means? U know, rise in price . Don't know how much but surely rise. We night see some up and downs, I can guess mainly due to games of big whales or big exchanges. But if u don't have some contract, options, futures, value of your btc gona rise.
Holding your money in bank is supposed to se safe but we saw in past occasions where people couldn't retrieve their money due to bankruptcy or similar occasions. While with btc, and a good set up. U are the ruler of your money that eventually gona rise. For sure in next 5 or 10 years the profit will be more than 2% per year as banks offer or even 5% per year .
So mine safe idea ,not advice...I can't advice other people what to do with their money, is invest in n btc and play the long term game , wait patiently, and I am pretty sure u won't regret it...
That's the main idea, I think I posted enough pros .
The second and riskier idea is invest small amounts of money. When u say small I mean it. E.g. for 1k on btc. U can spend 10$ on some small coin that has good support behind it, cooperation with established groups, a coin that has potential in 1-2-3 years go x100, x300, x600, 1000, x2000. Like many coins did in past. Unfortunately we can't know which one gona go high, but we can make research, and as I said it's kinda risky. Again buy it and leave it for 1-2-3 years and hope for some big rise .
Other way of safe earn is gold... Last 5 years it had a rise of 50%. But we'll not like 10% every year. Some years remained the same, some other minor loss but overall evtually in long term profit here too.
These are mine main ideas. I tried post the simple ones. Which are enough. Ofc I got some a little more complicated but since most people especially here on binance square,post, threads, articles have limited knowledge. I gave u the safest and easiest plans to follow. And I am talking with a 10++ years experience ,noticing up downs on btc and alts .
P.s. be aware of people recommending u here various coins , signals ,better is to spend solo for 1-2 years small amounts till u get familiar by yourselfes, along with reading articles