Crypto Market Navigation: What's Working for You?

[pieppiep]

Bitcoin hit around about $70k this year and since then it's been consolidating around the $60k area. Personally I believe bitcoin will hit over $80k but probably not this year.

bitcoin is very unpredictable and it can surprise you when you least expect it personally i think it can surprise us during the last few weeks of the year it seems to do well during the last month of the year so this year might not be different unless there is a significant event that might affect bitcoin

If not the most important thing about hodling is keeping your coins safe.

you want to make sure your money is safe because you are basically leaving it alone for years this is why i don’t use exchange to hold my money because then it will not be mine anymore

Is BTC unpredictable, though? It's volatile, sure, but it's nowhere near alts and new projects.
Just hold for enough time and accumulate it slowly.
The funds going in shouldn't be the ones you will need to use in the near future.
You basically freeze them to see BTC make its magic in the future after halving and shake-ups.

Well, BTC does tend to have its own quite significant volatility level, but in most cases, it tend to be less than the volatility of altcoins and newly launched projects that may have peaks and valleys in value. As long as you hold the Bitcoin for a long time and stack it gradually, it might be a good approach. Just ensure that the funds being invested are those that you do not expect to use in the near future since it may take time before you get your returns. Thus, with the scalping and the changes in the market, it is possible for BTC to have really good results in the future so one must be patient when waiting for the changes to come.

[Faisal2202]

We only see the results of the news that shape the market, unfortunately, that's true.
If only we could be in the circle of those who gets the info first.

That's partially true because news can have a big impact on the market. Most of the time, people speculate based on news, leading them to buy or sell according to what they hear. As a result, news becomes the main concern for many traders, with everyone speculating on it. However, those who make the most money are not only trading on news but also keeping an eye on the technical aspects.

Technical analysis, or chart analysis, is equally important. By observing the past behavior of a token, we can identify entry and exit points, manage risk, and consider other factors that increase the chances of making a profit.

[albon]

It is not possible to avoid losses from crypto because there is real risk involved in investing here. However with our experience the risk can often be mitigated. The people who work in crypto are involved in various events. Because you have to invest along with trading to make losses. Those who have been involved in crypto for several years are connected to various events because they want to be in the market already with profit. But if you want to keep up with portfolio management in crypto then stay connected with trading, holding, mining, ido, ieo events.

[Sarionadukecom]

I've noticed several influencers predicting a BTC breakout, but so far, it's yet to happen. Meanwhile, many traders have their own strategies, but I've been exploring new approaches.

Recently, I've come across some interesting events that help with portfolio management, which got me thinking - there must be more opportunities like this out there.

I'm on the hunt for events that can help me double my profits while minimizing losses. If anyone knows of such events, please share! I'm confident the bull run will come; I'm just waiting patiently.

BTC currently is at 57k so I'm guessing they're right.. you may want to monitor the trend and earn before taking a position. For the events to double your pf or increase, you can search for some on Google or you can explore this on Bitget.. Trading event.. It'll end in about 8 days. Good luck .

[luckyledger]

I'm on the hunt for events that can help me double my profits while minimizing losses. If anyone knows of such events, please share! I'm confident the bull run will come; I'm just waiting patiently.

You want to invest based on events and how you think that event will influence the cryptocurrency market, that is not such an easy strategy and you may get things wrong many times. You also talk of doubling your profits, but also minimizing your losses, i don't think they can be in the same sentence. You must be looking at altcoins, since you are talking about doubling your money, so make sure you invest only what you can afford to lose.

Yeah, with them, there are more risks, but more potential when bull starts knocking.

Doubling your investments with no much risk - it's Bitcoin, if we don't take time at stake It's just lotssss of it.

[Dr.Bitcoin_Strange]

I assume you are speaking of any crypto news (events is what you called it) that can either make the price of Bitcoin to dip or spike, if that's the case, I don't think we can actually be certain concerning any upcoming event that can make the price to dip or pump, but if you actually have interest in making profit from the market, then you should apply the DCA strategy. Start buying little by little while expecting the price to dip.

[MUGNIA]

I'm on the hunt for events that can help me double my profits while minimizing losses. If anyone knows of such events, please share! I'm confident the bull run will come; I'm just waiting patiently.

The legitimate way is to trade cryptos on high-risk methods such as futures but I won't call that as trading though because it's more like a [prediction game and the chances of losing is higher as well.

My advice is to focus on long-term goals rather than short-term ones. This will minimize losses and allow you to get the most returns when the market is at its peak.

Just remember high return you expect the risk associate with that investment also increase with that accordingly so you can get high returns with less potential to lose.

If you don't have a strong mentality, you will lose, it's better to just trade normally, there are many stories about futures, whether you win or lose, so if you have limited capital, stay away from futures.