Technical Jafar
--
Bullish
How To Make Profit In Every Situation
(Bull or Bear)
✅️In this post, I have summarized 10 points or rules which helped me in making profits in every situation.
1. Know the asset you are investing in. If you decide to buy any new coin, read about white paper first, learn how blockchain technology works, what is a public and a private key, what is proof of work, etc.
2. Know the crypto regulations in your country. What kind of cryptocurrencies are you allowed to buy and hold in your country?
3. Do not invest more than you can afford to lose. Invest an amount that will not put you in a difficult situation if you lose it.
4. Never go all-in. Always have some cash at the side to buy the dip. This also reduces your risk of losing all the money when your expectation does not work out.
5. Keep your cryptos in your hardware wallet and keep your private keys and seed phrases safe.
6. Keep your private keys and seed phrased safe. Write them down on a piece of paper and put it in a place only you can find.
7. Do not day trade. Unless you are a very experienced trader, it is not a good idea to day trade, because you are trading against countless bots and whales who can influence the market.
8. Do not leverage trade. Unless you have a lot of experience in leverage trading, chances are your position will get liquidated.
9. Accumulate knowledge about the crypto/blockchain space, such as new protocols, new developments, new projects, new regulations, general sentiments, price models, and so on.
10. Focus on the long term. If you zoom out to look at the long-term price development, you will see that anyone who held Bitcoin for more than 4 years is in profit.
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BinanceTournament #fomc #BinanceWish
(Bull or Bear)
✅️In this post, I have summarized 10 points or rules which helped me in making profits in every situation.
1. Know the asset you are investing in. If you decide to buy any new coin, read about white paper first, learn how blockchain technology works, what is a public and a private key, what is proof of work, etc.
2. Know the crypto regulations in your country. What kind of cryptocurrencies are you allowed to buy and hold in your country?
3. Do not invest more than you can afford to lose. Invest an amount that will not put you in a difficult situation if you lose it.
4. Never go all-in. Always have some cash at the side to buy the dip. This also reduces your risk of losing all the money when your expectation does not work out.
5. Keep your cryptos in your hardware wallet and keep your private keys and seed phrases safe.
6. Keep your private keys and seed phrased safe. Write them down on a piece of paper and put it in a place only you can find.
7. Do not day trade. Unless you are a very experienced trader, it is not a good idea to day trade, because you are trading against countless bots and whales who can influence the market.
8. Do not leverage trade. Unless you have a lot of experience in leverage trading, chances are your position will get liquidated.
9. Accumulate knowledge about the crypto/blockchain space, such as new protocols, new developments, new projects, new regulations, general sentiments, price models, and so on.
10. Focus on the long term. If you zoom out to look at the long-term price development, you will see that anyone who held Bitcoin for more than 4 years is in profit.
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BinanceTournament #fomc #BinanceWish
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.