In the crypto financial market, the most successful investors are those who have a solid strategy and understand the fundamentals of crypto markets.
The cryptocurrency market offers numerous opportunities to earn money. If you use your thoughts wisely and follow your approach, you will undoubtedly make a lot of money.
I know a lot of folks that are making good money in this industry. Those with money or who have previously invested in cryptocurrency.
One of the weaknesses of many investors in the crypto market is that when they invest in any crypto currency, they wait for a recovery and do not touch their portfolio.
However, there are intelligent investors who continue to rotate their holdings using various tactics in order to recover swiftly and even move into profit zones.
Also, I know many people who started with only 500 USDT and have already amassed over 20,000 USDT in just one year.
Also, I know some folks who had around 10,000 USDT but now have only 4,000. The reason for this is that they lack a solid strategy or have just held onto their cryptocurrency.
When it comes to myself, I made the same error when I purchased Hive at $1.04 and continued to hold even after the price dropped to 0.3.
I must rotate my crypto currencies using various tactics, notably on Binance, which allows users to apply for various strategies that will almost certainly recover their losses.
In this piece, I attempt to outline some of the tactics.
If you have money, what should you do with it? If you already have a cryptocurrency, what should your strategy be for making money?
I have several postings for folks who are already holding cryptocurrency or who are stuck and don't know what to do.
I told you that you need to choose five crypto coins, and that after every 5%, you should sell 20% of your holdings while keeping the rest.
As you can see, if any of your coins increases in value by more than 20%, you will sell it and invest in the remaining four coins, which are still at low prices.
Continue to practice, and you will notice that your portfolio grows and you make a solid profit over time.
For individuals who have money, want to invest, or want to trade, I recommend a spot grid or future grid strategy that will undoubtedly yield a good profit in the long run.
What you must do is do a thorough analysis and forecast the market's moves, whether they will be upward or downward.
If you have a strong opinion that the market will rise and are 70% certain that it will, you will use a spot grading technique and set a certain range within which BTC will fall for a few weeks.
Similarly, if you believe Bitcoin will fall and that the moment has come for a bear market, you will take a short position.
The investor or trader decides how much leverage to utilize. If you want to play a safe game, don't use leverage. 1X will be better, and you will earn more money.
When you observe that the market is going down, you will open a short transaction and continue to generate big profits.
Similarly, for those who currently own crypto coins, your strategy should be to either use a rebalancing bot or, as I mentioned in the preceding paragraph, to select five crypto coins and continue trading with 20%.
If any of the coins experience a pump, sell them and rebuy them at a lower price, or convert them to another four crypto coins. However, if you are not currently invested in five different coins and only have one or two holdings, you may want to rebalance both on Binance.
You have the option of rebalancing the bot with a coin ratio of 0.5%, which means that every 0.5%, an amount of your one currency will be converted into another coin, and if it is reversed, that amount of coin will be returned to your first coin.
This is the practice that will help you make a consistent income and restore your losses. I hope these two tactics help you recover from your losses and expand your wealth.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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This is a lot of sense in your strategies. Especially the one foe those who already hold crypto currencies. I will explore the options more, I believe it'll be in handy
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