Countercurrent
Source
The most widespread rule in the crypto market is to buy on the downside and sell on the upside, however, when the market becomes unstable you have to do holding, which is nothing more than accumulating coins.
It sounds simple and maybe it is, but I have friends who do not agree with this, there are some who propose to do microtrading when instability takes over the market, to be adventurous and invest in currencies whose fluctuation is not associated with Bitcoin.
Others propose to exchange currencies for others that are more stable in the price fluctuations and there are even those who sell at a loss and flee.
I am not an investor, my economic capabilities do not allow me to be one and I suppose that those who manage a high flow of money in the crypto market have everything calculated not to lose or to wait, creating resistance at a certain price.
But if I were, maybe I would be as aggressive as some of my friends and instead of accumulating or fleeing, I would be more active in down seasons and in up seasons I would invest in stablecoins and the other in low-cost coins.
The crypto market is similar to the stock market only that here there are no companies but coins and prices are based on investor reliability, something that is not easy to obtain since the market has been filling up with gambling coins that lose their value quickly.
Personally, and respecting contrary opinions, I do not invest in this type of coins since they always turn out to be a bomb that developers explode at the moment they wish.
Going against the tide is an adventurous option but I have noticed that the percentage of people who have made a profit is higher than those who have lost.
Hello @joseph1956, in times of great uncertainty many prefer to be careful, others withdraw, but certainly there are a good number of investors who take advantage of the market in the down cycle, but I think it is up to each one, try the strategy that best suits your emotions. Greetings my friend.
It is certainly sometimes a matter of pushing one's luck.
Hello @joseph1956
In the cryptocurrency market, or rather in any financial market, one of the rules that is repeated a lot is to go in the opposite direction to where the masses are going, this principle has logic since trading is made to lose and the masses end up losing.
Best regards, be well.
That's what I thought when I wrote this post, but it seemed to me that much depends on the capital of the risk taker and the investment he/she makes.
greetings @ jose1956
With this very unstable market it is necessary to be able to determine very well the moves to make , however if you are not sure it is best to wait for a better scenario .
Thank you very much for sharing your publication.
The sane thing to do would be to follow the basic rules, but perhaps the rules are designed to prevent people from making a profit.
@tipu curate 3
Upvoted 👌 (Mana: 0/2) Get profit votes with @tipU :)
There is nothing written about finances, although it may seem so. Lately I have been reflecting on this and it is that what works for you, does not work for others. Maybe you have to try, trial and error until you find the right strategy or maybe you are lucky enough to make big profits.
Best regards, bro. Hope the salus is ok. did you leave Hive?
That's right, strategies are situational and personalized and don't always work the same for everyone. I am no longer in Hive, I don't like mafias or shameless people who are free to insult because they are backed by others of the same ilk.
Hi @joseph1956 the benefits of investing in cryptocurrencies are obvious. The first one is the enormous profitability you can get, as long as you bet at the right time. As with any other asset, and even more so after becoming a trend, for example, the timing of investment in bitcoin is critical. From there it is all a matter of whether or not you believe in its future as an alternative to traditional currencies or fiat currencies, greetings and success.
The crypto market is a market of opportunities but there are those who manage to make good profits when others lose.