Will you make money by trading spot in the cryptocurrency circle?
There is only one logic for trading spot, which is to hold on to it. When facing profit retracement, you should grit your teeth and not sell it again and again, and have the courage to hold it until it returns to zero.
Ask yourself, how much money have you made by holding on to spot trading?
You are not doing value investment, what you are doing is actually controlling risks. Recently, the cryptocurrency circle has been falling, and I have been asking my friends who trade spot to increase their positions. There is only one logic for trading spot, and I will only increase my position when it falls sharply, even if it is in the transition stage between bull and bear. Why?
If you take out 100,000 US dollars to invest in Bitcoin, within 3 years, your return will be the highest if you invest every time it falls sharply.
However, if you trade spot in a bull market, your income is still extremely unimpressive, and you will face countless risks. Your risk point is that you don’t know where you are in the market at this stage. You may buy at the peak and be trapped until the next bull market. You buy every time it falls sharply, which is a way to reduce risks in terms of the long-term line.
