In fact, holding cannot incur losses.
Not sold, not lost.
But the money you buy must be idle money, not borrowed money for investment.
Whether you can DCA or not is another matter I won't mention in this article.
As for technical analysis and basic knowledge, almost 99% of newcomers to the market have already read and explored deeply.
But whether it can be applied or not depends on.
1. Your personal position.
2. Entry
3. Capital
It's that concise.
1. What is your personal position.
- family
- work
- finance
- mentality
- market experience
- leader...
If you have enough factors, you have enough potential, then you can hold comfortably.
2. Entry or position to enter.
This is important, but the crypto market is not very applicable because prices fluctuate too much, so you don't need to focus too much on choosing an entry. Therefore, we often do DCA rather than looking for a perfect entry to buy from the beginning. So if you have a decent position, you can DCA.
3. Capital.
Your capital is 10 billion.
You put 1 billion into crypto and hope to have 2 billion when the uptrend is fully realized.
If you have 500 million.
You borrow 500 million.
You invest 1 billion in crypto.
You are tying up capital and running out of money, getting into debt, and you will
no good position
No good mentality.
Your mindset is negative 500 million.
And you will definitely incur losses.
The crypto market is about analyzing crowd psychology.
You shouldn't go against the crowd, but
1. You must be ahead.
2. You need to catch the trend.
3. You need to understand about cash flow.
Everything will help you at least break even.
To ensure a 2x-3x for a coin, nothing is certain.
As for me, I am sure io.net will be at least $10.
1 is that I have enough analytical basis from experience to dare to say (only about 70% though), that's a lot already.
What if it turns out like aevo? It's in the 30% risk you accept.
Like the link I called to buy at $5 last year, target min $15.
Some will say that link will definitely fly, but at that time they won't dare to call or buy like me because:
Too much fud, the market is too bad, but they don't know that entering at $5 is very wonderful.
Oh, you don't even understand what the term token means, but when you buy, you go all in.
I'll post about what coins to hold at this time soon.
Long term
Medium term
Short term.
