What kind of people will survive in the cryptocurrency world !?

In the end, only two types of people remain in the cryptocurrency space: skilled short-term traders and unwavering HODLers (long-term holders).

Why invest in cryptocurrency?

Besides making money, I invest in cryptocurrency also because I am curious about blockchain technology.

This technology may change our lives in the future. It seems speculative now, but it might become our everyday life in the future.

Investing in cryptocurrency has completely changed my investment perspective.

The market is changing rapidly; traditional investments take years to yield results, while cryptocurrencies can undergo dramatic changes within months, forcing me to rethink my investment strategy.

In the cryptocurrency space, long-term investment is especially important. Here, volatility is severe, and only short-term traders and those who persist in holding long-term can laugh to the end.

Short-term vs Long-term

The volatility of cryptocurrencies makes traditional investment strategies useless. Fundamental analysis and technical analysis no longer work here.

As a true HODLer (long-term holder), I am no longer disturbed by short-term fluctuations. Regardless of the price, I will buy more to cope with the volatility.

I initially entered the market with a speculative mindset. I spent a lot of time learning those complicated and unstable trades, and significant losses made me realize the limitations of operating with traditional financial methods.

After experiencing losses, I switched to a dollar-cost averaging strategy. Converting to crypto assets became simple and safe. This strategy helps diversify risk and reduces the pressure of market volatility.

From my losses, I learned not to believe that I can pick the winner. I chose a strategy similar to ETFs, investing in the top 8 cryptocurrencies by market cap, adjusting according to market changes, reducing risk, and keeping up with the overall market trend.

I hope both you and I can gain something in the world of cryptocurrency !!