From long experience in the crypto market and injecting funds that exceed tens of thousands, the thing I discovered is that, in general, and especially with altcoins, the crypto market doesn’t always follow what analysts or “doctors” of this market say—it sometimes moves for a completely different reason.
Personally, I believe this market has whales or parties that have massive liquidity and can move the market significantly, whether up or down. So the idea that you can precisely catch the bottom or sell exactly at the top seems almost impossible.
From my experience, I found an approach that has a high chance of success. I might be right, and I might be wrong—but before you invest in any project, especially altcoins, there are important things you must focus on:
First: What is the coin or project you’re investing in? Does it have real value, or at least does it provide something clear in the crypto market?
Second: The team behind the project. Do they have experience and a strong track record and previous projects, or are they just unknown names?
Third: Inflation and the coin’s Supply—this is a very important point, in addition to the coin’s market cap.
After you study these things and decide to enter, you must know from the beginning that your entry doesn’t mean the price won’t drop on you. On the contrary—you might see a drop of 90% or more, especially with altcoins. So you have to be prepared for this possibility and have a clear plan for averaging in.
#btc #gala #zil #ADA
Personally, I believe this market has whales or parties that have massive liquidity and can move the market significantly, whether up or down. So the idea that you can precisely catch the bottom or sell exactly at the top seems almost impossible.
From my experience, I found an approach that has a high chance of success. I might be right, and I might be wrong—but before you invest in any project, especially altcoins, there are important things you must focus on:
First: What is the coin or project you’re investing in? Does it have real value, or at least does it provide something clear in the crypto market?
Second: The team behind the project. Do they have experience and a strong track record and previous projects, or are they just unknown names?
Third: Inflation and the coin’s Supply—this is a very important point, in addition to the coin’s market cap.
After you study these things and decide to enter, you must know from the beginning that your entry doesn’t mean the price won’t drop on you. On the contrary—you might see a drop of 90% or more, especially with altcoins. So you have to be prepared for this possibility and have a clear plan for averaging in.
#btc #gala #zil #ADA