You should always try to diversify your portfolio in such a way that you are not just going to be having a specific type of coins but instead ones that have different kind of use cases
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Studying the use of crypto currency in and out is very important when you are working on any crypto coin , you need to also study the volatility of the market so as not to have issue when investing.The only more appropriate approach to invest in cryptocurrencies right now is to bend down and study the up and downs of cryptocurrencies because right now cryptocurrencies is dropping.
The kind of cryptocurrencies I invest on currently are potential coins mostly metaverse. Currently I no longer invest because of the bear market and there is a possibility that it will last for a long time. So it is better I save now and start deploying maybe at the end of this year or next year.To be on the safer side , it is better to invest in potential cryptocurrency and not just invest because the coin is trending. This would help you avoid countless loss. Be sure to carry out your own personal research.
Any of my cryptocurrency investment are mainly for long-term purposes. A lot of people are investing for a period of 3 months or less, I still consider is this as a waste of time because there are still a lot of profit potential you could have made as a long term investorsThe kind of cryptocurrencies I invest on currently are potential coins mostly metaverse. Currently I no longer invest because of the bear market and there is a possibility that it will last for a long time. So it is better I save now and start deploying maybe at the end of this year or next year.
Even though I would not blame people who invest in cryptocurrencies for short-term because everybody have their own strategies but personally I prefer long-term investment. I have seen people who invested in cryptocurrency like Shiba Inu and left it for some months or even years and they were able to make huge amount of profit. Someone even stated that he has made generational wealth from Shiba Inu.Any of my cryptocurrency investment are mainly for long-term purposes. A lot of people are investing for a period of 3 months or less, I still consider is this as a waste of time because there are still a lot of profit potential you could have made as a long term investors
Shiba Inu is a shitcoin. Not because other people are investing should make you do the same. This is likely to favour those people that bought the cryptocurrency during its early stage , I think that was around 2020.Even though I would not blame people who invest in cryptocurrencies for short-term because everybody have their own strategies but personally I prefer long-term investment. I have seen people who invested in cryptocurrency like Shiba Inu and left it for some months or even years and they were able to make huge amount of profit. Someone even stated that he has made generational wealth from Shiba Inu.
Exactly, I have learnt a lot of lessons when it comes to meme coins. If you are in a big profit you must try as much as possible to take your profit and move to the next one. Shiba Inu has had its run and I don't think it will do more than 5x again.Shiba Inu is a shitcoin. Not because other people are investing should make you do the same. This is likely to favour those people that bought the cryptocurrency during its early stage , I think that was around 2020.
One of the reasons I dislike meme token is because they may never reach a reasonable price because of its huge total supply. It is so unfortunate that a lot of people are investing in Shiba Inu for long-term purposes.Exactly, I have learnt a lot of lessons when it comes to meme coins. If you are in a big profit you must try as much as possible to take your profit and move to the next one. Shiba Inu has had its run and I don't think it will do more than 5x again.
One of the things about meme tokens is that if you are lucky to invest in a very good one you will probably make thousands of Dollars. Some people even make millions of Dollars but most of the time they usually do not achieve their aim. Some of the ones I have invested on are almost equal to zero now.One of the reasons I dislike meme token is because they may never reach a reasonable price because of its huge total supply. It is so unfortunate that a lot of people are investing in Shiba Inu for long-term purposes.
There was a time I was investing in feg token, this has been a long time ago . The whole thing was quite profitable and I was making a lot of money just that I didn't withdraw it on time. I lost all the money I make.One of the things about meme tokens is that if you are lucky to invest in a very good one you will probably make thousands of Dollars. Some people even make millions of Dollars but most of the time they usually do not achieve their aim. Some of the ones I have invested on are almost equal to zero now.
Investing in Bitcoin is very good because when you invest into Bitcoin you can make profit from the investment, I know sometimes people can lose that is market for you, so you have take the risk if actually you want to make money.My own working strategy is to make sure I invest in Bitcoin only or BNB as their price rate is always reliable and you are sure of not losing so much even in a bear market.
Whenever you are investing in any cryptocurrency it is very important you always take profit. It is very important you take out your capital and leave the rest if you are having double mind. I also made this kind of mistake last year but I have learnt my lessons.There was a time I was investing in feg token, this has been a long time ago . The whole thing was quite profitable and I was making a lot of money just that I didn't withdraw it on time. I lost all the money I make.
That is one of the things I should start doing from now on, I don't know but I can easily be carried away by the fact that the market is becoming bullish. I fail to understand that this won't last forever and there will be a retracement.Whenever you are investing in any cryptocurrency it is very important you always take profit. It is very important you take out your capital and leave the rest if you are having double mind. I also made this kind of mistake last year but I have learnt my lessons.
The market will not be bullish forever and that is why people are making profit on cryptocurrency. There are times you need to invest and there are times you need to take your profit. what matters in this scenario is if your greed will permit you to take profit.That is one of the things I should start doing from now on, I don't know but I can easily be carried away by the fact that the market is becoming bullish. I fail to understand that this won't last forever and there will be a retracement.