Shall I do short time trading or long time holding?
Most of the people in our group choose trading for their daily income. No one believes in longtime holding. As a result, 90% of traders lose 50% of their assets by trading in 3/4 months.
I am not saying that trading is not profitable at once. But for this many people have to struggle like MA (Moving average), EMA (Exponential moving average), Boll% (Bollinger bands), MACD (Moving average convergence / divergence), RSI (Relative strength index) These issues need to be known very well. Even after knowing these, your price prediction will not be more than 75% correct in your trading. Because all these indicators are used for stock market analysis. These indicators cannot show accurate results in crypto. Support points and resistance points are marked in crypto by human sales / buy history repeats which may not always show accurate results. Because the global economic / political situation is not always the same. Due to which the system of investing people is always there does not remain the same. Also nowadays the crypto market depends on Whales. Due to which the price of any coin can go up at any time and can go down at any time. And for this, your small brain and small investment is lost to big heads and big investments. As a result, 50% to 70% of your investment portfolio is lost.
And this is why long time holding is very profitable. Because it is a very simple strategy. Like you would just invest in a few good projects in the beer market and sell in the bull market. 5x-20x profit as a result. The reason is that the price of coins decreases 5x- 20x in the beer market and increases 5x- 20x in the bull market. You may have to wait 1/2 year for this. What is worse if your net investment gives 5x-20x return in 1/2 year? Now the question is how to recognize the good projects?
You need to download an application to know a good project, such as Coingecko. With this app you will be able to find new projects and check how the projects will be in the future. undefined To invest. Website link, twitter link, blockchain explorer, total supply, circulating supply, marketcap of each project are given in Coingecko. To find out if a project is good, you must visit their website. After visiting the website, you will first see how the team members of that project are. The team member of the project must have a computer science background. Then you will see the roadmap of the project. The roadmap should be based on a 2/3 year development plan. Then you will see the difference between circulation supply and total supply. Circulation supply should be above 30%. Then go to blockchain explorer. Blockchain explorer will know the total number of holders of that project. The number of holders is over 15000. Then go to the Twitter page of that project. Go there and see how engaged the project team members are on social media. Then you will see the market cap of the project. If you expect a profit return of over 100x then the market capitalization must be 100 million. If you want safe investment but low profit return then invest in those projects with market cap of over 1 billion. And to do these things well, you must study a little on YouTube or go to an expert. But do not mess up your portfolio behind any signal group.
Good luck to everyone. Thanks everyone.