1-) Long-term investments
Cryptocurrencies are generally volatile. Day trading can lose a lot of money, especially for the uninformed investor. We should take advantage of buying opportunities and choose every asset we buy as a long-term investment.
2-) Make gradual purchases
We should always keep cash on hand. Investing all our money in one asset at once is one of the wrong strategies. It prevents us from missing new opportunities and evaluating new declines. We should proceed by making gradual purchases.
3-) We should analyze the asset we will invest in well
There are a lot of assets in the cryptocurrency market, most of which are not very successful investment vehicles. We should invest in assets that have been successful, that have proven themselves or that we think can be successful.
4-) Bear - Bull periods
During these periods, we need to make gradual purchases and sales at certain levels. In the Bearish period, we should make gradual hodl and in the Bullish period, we should make gradual profit realization.
5-) Cryptocurrencies can fall like other investment instruments.
We should not believe in panic sales and fear manipulations. We should not be caught up in fear and panic after choosing our assets well. We should see declines as buying opportunities. Let's not forget that declines are normal.
We are very likely to get rich by investing in cryptocurrencies with the right strategy.
People who apply these strategies will always benefit in the long run.
