#BullsVsBears It is notoriously difficult to time the market, and many who have tried to do so have ended up on the losing side. If you do succeed, it is down to mere luck. No different from choosing red on the roulette wheel. That being said, how does one make money in the crypto markets irrespective of whether it is a bull or a bear market? What positions should you take? What does it mean to go long or short? How to maximise opportunities for success and minimise chances of failures? The most obvious strategy for success is to play the long game. That is, think like and investor, not a gambler. Research on coins you want to invest in to ensure that they are legit projects with a sound business case and some level of utility, diversify your portfolio according to your risk appetite, DCA when possible to reduce your average cost of acquisition, and avoid #shitcoins like the plague. That being said, all of this is well known. So what does it mean in practice? Say you have $1000 in USDT, how do you maximise your returns while minimising risks? Well, you have to buy something, right? Not really. If you believe in the power of compounding, you can stake USDT between 12% and 16% annually on most CEX and a few DEXs and still grow you capital, albeit slowly. That is the least risky option. You can also identify a blue chip coin like #DOT or #ATOM that has great staking returns. That way, you have some upside if the coin appreciates and still have between 14% and 16% staking returns. There is also the downside if the coin depreciates but in the long run, you come out net positive. Of course, you an always place bets that a particular crypto will rise or fall in the short term and take long or short positions, and pray that there are no wild swings and you lose everything. That is futures trading and probably the most risky of strategies, especially if you combine it with leverage where you buy a multiple times an underlying crypto. Lastly, you can trade. Try to buy low and sell high, timing the market. If you use limits and stop limits, you can minimise your losses
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DOT
7,039
+1.97%
ATOM
6,553
+1.51%
692
0
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