Password: Strategy!

The biggest illusion for all those who enter the crypto world for the first time is to make money and immediately also. Unfortunately, the sudden growth of Bitcoin has been interpreted as a very clear message to people: come and reverse your money here and cryptocurrencies will multiply it! It is clear that all small investors expect to have super earnings but are oblivious to the big crypto ocean of which they are just little fish.

Bitcoin is around $ 60k and by now there is no newspaper that does not talk about it, both with positive and negative tones. Those like me who have been in this world for a few years, know well what the risks and the benefits are but above all they are aware that quick and easy money does not exist but instead an entry and possible exit strategy is necessary.

I am not a trader and although I have read a lot about it, I still am not a trader and I do not follow the advice or charts of those who are traders because it is not absolutely simple. It means feeling a bit like a doctor after watching the whole Dr House TV series. But I prefer to have a long-term strategy because I believe in the goodness of the projects that I follow and therefore I do not need to risk for a few dollars more and which could very easily become cheaper.

The first step for those who are not economists is therefore to take a deep breath and start reading and informing themselves, having chosen the project, then start gradually but constantly investing an accumulation plan, regardless of price trends in the medium term, otherwise stupid choices would be made that could only lead to loss of money.

For example, some friends ask me if it is too late to invest in Bitcoin. If you stop to observe the current price and the great leap forward of the last few months, doubt is legitimate. But Bitcoin is a gamble and everyone must decide, after having documented themselves, whether it deserves our attention or not. Whoever tells you definitely goes up or definitely goes down is not objective. Tra il 2017/2018 ho seguito molti presunti esperti in Bitcoin, con video su youtube o post su bitcointalk che prevedevano il prezzo al rialzo ogni volta che questo cadeva, sostenendo l'andamento fosse prodotto da un interessamento in realtà degli investitori per aumentarne la quantità nel loro wallet, approfittando di prezzi scontati.

Many inexperienced investors then started buying in bulk by spending thousands of dollars and eventually selling lower, losing valuable capital. Following the price of Bitcoin over the span of a few days or weeks or months makes very little sense. Instead, planning a sustainable accumulation plan over months and years is what new investors should do, aware of the product they are investing in and its potential. There is no King Midas who can turn your investment into gold overnight. Prudence and strategy

Posted Using LeoFinance ^Beta