Investing in cryptocurrencies is as much about patience as it is about knowledge. Focus on fewer coins, but ensure you thoroughly understand at least five. Diversify your portfolio across two different chains of coins. Always be aware of each coin's historical maximum dip, maximum boost, and average cost to understand its fluctuating trends.
Trust your instincts and the coins you choose. Your investment strategy should cater to both long-term investments and short-term goals, whether daily, weekly, or monthly. Monthly goals are generally preferable, providing a balance between short-term gains and long-term growth. Avoid shortcuts; they seldom lead to sustained success.
Bitcoin (BTC) is renowned for its strong chain, providing stability in an otherwise volatile market. For long-term investments, I trust coins like Shiba Inu (SHIB), Bonk, BitTorrent Chain (BTTC), and Pepe. These coins have shown potential and could yield significant returns over time.
Improving your mathematical skills is crucial, as cryptocurrency trading relies heavily on common sense and math. There is no set pattern in the graphs, making it essential to develop your analytical skills. Signals from experienced investors are valuable, but they are based on personal experience, which underscores the importance of gaining your own experience. In the end, experience is an invaluable asset in the world of crypto investments.
