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Every experienced crypto trader always knows to buy the dip because they know the dip does not last forever and it is also seen as an opportunity by investors to take their position in the market. Yes, there are panic sellers and these sets of people panic sell when the market is low and likewise the reverse when high putting them at risk always.The crypto market is very volatile, so when the market is correcting and the price is dropping, it is a good time to buy. And as we know the price drop is only temporary, the market will recover and the price will go up. We must be patient to wait, because patience is the key to success in investing.
A good trader knows how to utilize both opportunities as they present themselves and are successful in their trading career. Just like what Savannah180 has said, that is what I do basically and I can say that it works perfectly well since my years in the crypto industry.
I think all investors have made good profits this year with Bitcoin reaching ATH at 108K, even those who haven't sold their coins I think they are waiting for the best and will get it soon.2024 has passed and now we have started to enter the beginning of 2025, bitcoin has experienced several corrections but investors are still confident that bitcoin will reach ATH again in 2025. Likewise, I have sold some of my bitcoins and made a profit, but I am still holding some of my bitcoins for this year 2025 because I want bigger profits.
As for me, I have made some profits but at the same time some bad things happened to me, today is the last day of the year and I don't expect any major events.
As for my preparation for next year, my goals are mostly the same and I will try to achieve what I missed this year, I hope that Bitcoin continues to advance and spread worldwide.
Experience is always needed in investing, not only when trading. because medium and long term holding also requires experience to choose the right coins. While the analysis used in trading that I use is only technical and fundamental analysis. and always read the latest news to be able to predict the movement of the coins I choose.
Exactly, that is the weakness of those who are new to cryptocurrency trading. They need a lot of experience from before. Trading is not just about making a profit by taking advantage of the movements that occur in the exchange place. Trading requires knowledge and various methods obtained from the results of experiments by trying to implement several methods that are already available in various information media that we can read. One analysis will not be enough to make a decision. We must compare various analyzes that can occur in the exchange place.
From the coins you mentioned I agree ethereum, BNB and solanan are worth holding while the exchange coins you mentioned MX, KCS I don't have and probably not interested. Old coins for me are always a priority especially if they are always in the top 10 coins on CMC. Bitcoin is an old coin that is always a priority because I also do long term holding.If we see bull market this year which token will be the best profit to hold. Although risk is higher of newer altcoins but older altcoins are now more dependent. Thinking that buying before the bull market will be more profitable!Some old coins that have reputation can still be relied on, coins like ETH, BNB, SOL, and others, but some coins that were striving to survive in the past didn't worth holding because they can go backward than expectation. Moreover, exchanges native coins like MX, KCS, and others also worth holding because as long as Bitcoin price goes up, and other coins follow the suit, these coins will also move provided their respective exchanges are still active.
New projects of these days are scary, they do come with just onetime profit to their early investors and leave late and greedy investors in lost because once Bitcoin price go down, they always find it difficult to recover on time.
if we have money will buy when the market is corrected like this, that's why I participated in the paid BTC bounty campaign to get capital to be able to buy because it seems the market will suffer for the next 2 to 3 weeks. There is a lot of bad news circulating so it seems to cause panic and make demand decrease. We notice that the daily trading volume in large exchanges seems to be decreasing.If i personally have the opportunity of buying to increase my crypto portfolio, then i will do it over and over again because its very profitable at this moment for one to invest as the market plummets a little bit, then we can also consider how we can make some profits from investment on bitcoin and some other altcoins which are fast rising and trusted, all we may have to do is to research about then and then hold after investing.Oh yes, the market has fallen a bit and it seems that Bitcoin is having difficulty returning to its previous ATH. This is a good time to buy some potential coins such as Bitcoin and of course altcoins at Top Coins. Many friends are buying coins right now and some are trapped in the high price before the drop so they haven't had time to sell them, they are just waiting for the market to rise again.
The only thing I can say here to op is that you first find out for yourself how to study trading, What are the things that should be considered, because it is not easy to enter the crypto space.Being a trader must be disciplined and patient, I agree with you. because we have to find experience in trading and it depends on our struggle in finding experience, knowledge and strategy in trading. so it all comes back to each of us, can we trade or just be a holder?
And you must also have the characteristics of traders so that you can get real earnings here in Bitcoin or cryptocurrency. As long as you are patient, disciplined are just some of the things you have.
Each person has their own strategy that makes them sure they will get faster and bigger results. Some use the DCA method to buy coins in stages. There are those who only buy when they are bearish and hold long term until the bullish season. I also see many who do daily trading to get daily profits. Everything is adjusted to the abilities, skills and knowledge we have.Opinions and predictions about the future of Bitcoin vary, and it is natural that it has become a major topic of discussion. Bitcoin's Bright Future Prospects. Although the future of Bitcoin is a mystery, it has been established as a powerful technology and valuable asset. While making investment decisions, it is important to adopt a well-planned strategy based on long-term trends and current market conditions. Each investor will make decisions according to their own risk tolerance and goals.Bitcoin is a very nice investment and should be taken seriously, Bitcoin has made a lot of people rich and you can only benefit from Bitcoin when you are consistent in your accumulation and also patient, a lot of investors has there own strategy they use to invest in Bitcoin and any strategy you feel is better for you is okay, however investors always change strategy as time goes on because they may discover another strategy that will be more comfortable for them at there level of success in Bitcoin for example there are people who has been using the DCA strategy to accumulate Bitcoin for years and when they discovered the have accumulated enough they may there strategy of accumulation to waiting for a dip.
Bitcoin investment is a very good investment and it gives you peace of mind, some people believe Bitcoin will not grow and some believe Bitcoin has gotten to it limit that it won't pass that limit which is not true Bitcoin has not reached half of it's growth and it will keep growing bigger and better.
Other coins depends on Bitcoin for there growth when there's a dip in Bitcoin is will affect a lot of coins and when there's an increase in Bitcoin price it will also affect other coins, some newbies into Bitcoin investment needs to go through the history of Bitcoin and try to know how Bitcoin works, when there's a dip in Bitcoin some newbies start to panic and is only those newbie that don't know how Bitcoin works that always panic that is why I advise newbies to know how Bitcoin works they should go through the history.
It's best if you choose to invest in mem coins, don't make it your main choice and don't use large capital. Because the main priorities are bitcoin, ethereum, BNB, Solana, Ripple, Matic and TON. and maybe several other top coins that are still showing good movements in the market. I invest in meme coins like dogecoin and Shib but not in large amounts.
And we still need to choose which altcoin to invest to give us that big return, some prefer meme coins, but it's a huge risk. Others goes on some solid altcoin so that is a good choice. But just like Bitcoin, you really have to wait for it to go on a parabolic rise. And with that, mentally you need to be stronger.
That's why we prefer Bitcoin, easier to hold, the chance to go down is very slim although it is a very volatile asset. And another thing, I can say that we can sleep at night without worrying that our portfolio is going to zero when we wake up.
The government in every country actually understands crypto, but there are still concerns that crypto will be misused for negative things.
I think when it comes to investment, your profit is in proportion to your investment and nothing much more than that and also, if there is appreciation in value, it also depends on your investment value too. All these goes hand in hand. So investing in Crypto is also an advantage for anyone who deems it fit to do so.
Crypto has already started taking over the financial system and gradually finding its way into the government. I believe with time, governments of the various nations would start accepting and adopting it into their system.
There are still many people who choose Litecoin because transaction costs are cheap, and I see that the coin still has potential for investment even though it is in a state of stagnation, because maybe Litecoin devs are not making new changes or improving their projects. I also have LTC although only for long term holding and target selling during the bullish season.Whenever I buy crypto with my credit card, I usually buy litecoin from coinbase, which I will then send to an exchange like Binance or Crypto.com.Litecoin is known for really low gas fees and fast transactions, which can be an excellent option for users like you. Sending to Binance or Crypto.com after buying from Coinbase is also a good idea, as it gives you the flexibility to trade on different exchanges.
The low gas fee kind of attracts me.
Which is why I like litecoin!
Bitcoin does not rise every year, because bitcoin follows a 4-year cycle, so buy bitcoin during the bearish season with the DCA method. Bitcpin is an expensive coin but if we buy it gradually it will allow us to have large amounts of bitcoin. that's what a lot of people do here.Do not tell your self that Bitcoin is expensive, so many people have thought of this and still not invest in Bitcoin because they sees it as it's not the perfect time for them to invest. However this same reason is why many have waited for the dip and some of them have used the money they kept to purchase Bitcoin for something else, that's why it's not also advised to have in mind that bitcoin is expensive. More especially when you are new to Bitcoin investment.
Bitcoin will not look expensive if we have the ability to manage our fiance, save some amount each month, buying little by little instead of thinking to buy a whole Bitcoin and adopting different strategies through which we can earn regularly from other sources.
Every time is a better time to invest in Bitcoin so if you have money then the current time is also a better time because Bitcoin always goes higher each year due to which its holders never get disappointed. Those who have knowledge will not be lazy and will decide quickly if they know the reality but if someone is thinking that Bitcoin is expensive then he should also realize that expensive things become more expensive and only wise individuals can buy it as nothing is impossible if a person has strong desires.
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