What are the strategies for accumulating cryptocurrencies? 🚀
First, do not accumulate too many types of cryptocurrencies; try not to exceed six types, and focus on three to four super mainstream currencies that are unlikely to die out in the next three to four years. If it's hard to choose or you don't know how to select, just accumulate Bitcoin.
Second, accumulation should be moderately diversified; don’t just accumulate one type. You can choose three to six types to avoid black swan events. Third, refer to the types that prominent figures are accumulating; it can provide some reference value. Many of these prominent figures have been around since 2012 or 2013 and have experience.
Fourth, try to choose a systematic investment approach for accumulation. Start systematic investing during Bitcoin's long-term low-volume consolidation or at the beginning of a rounded bottom, and try to avoid downtrends.
Fifth, maintain a pessimistic expectation in your mentality when accumulating. Accumulating during the early stages of a bear market or bull market is about buying the dips and buying into losses, so keep a long-term perspective for a big harvest in two years. Therefore, try to use spare money that does not affect your life. Even for Bitcoin, a drop of 40% to 80% is possible. However, as long as you are accumulating Bitcoin, there will be a day when it will rebound.