#BTCUnbound ✅ Conditions for Preparing a Long-Term Plan (Long-Term Trading / Investing):
To prepare a successful long-term plan in trading or investing, the following conditions must be considered:
Choosing Strong Currencies or Assets:
Look for projects with a promising future, a reliable development team, real use cases, and strong partnerships.
Accurate Fundamental Analysis:
Read the whitepaper, follow the project's news, check the community size and activity, and the daily trading volume.
Defining Clear Capital:
Invest an amount you can afford without needing it in the short term, and avoid borrowing or risking your entire capital.
Risk Distribution (Diversification):
Do not put all your money in one asset; rather, distribute it across several strong projects to reduce potential losses.
Patience and Discipline:
Stick to the plan, and avoid making emotional decisions during temporary market fluctuations.
Using DCA Strategy:
Buy fixed amounts at regular intervals instead of buying the entire quantity at once.
Setting Clear Exit Goals:
Define future selling points (e.g., when the price doubles) to gradually achieve profits.
Monitoring the Market Without Emotion:
Keep track of fundamental developments and technical updates, but do not be affected by daily fluctuations.