Hello to those new people who have joined after the rise of $BTC and altcoins that follow Bitcoin.
The first thing you need to understand about the crypto market based on this fact that could be called psychological. Normally we hear someone or some video talk about Bitcoin and how it has risen throughout its history, from its creation at $0.50 to costing $109,000 after 17 years. Today it is worth $94,500 or $95,000. Keep this in mind:
Understand that the price moves in waves and that just as it rises, it will also fall, but over time it always goes up.
What I want you to understand, you new investor, or as you will also hear the term (Retail).
If you, new person, are Retail, if you finally decided to invest in crypto because you saw Bitcoin rising, wait a bit. The market moves in waves; there are rises and falls. The drops are usually seen after the rises.
It’s very important to do DCA, which is based on buying little by little. For example, if you have $100 or $1,000 available to invest, buy 10% to 15%, and if it falls much more, buy another 10%, and so on. When it rises strongly, you will be in. Always buy when everything is red; if it’s green, the market is for selling, also by percentages. Understand this, and you will do well in the long term. Futures trading is for professionals; be very careful there.
@yunis_02 @DaianaCh @Marianaa BsAs
Example from the photo