Are you a speculator or an investor?
If you don't know what your goal is, don't continue in the market!
Advice: Determine your goal or get out of the market.
Speculator: The person who comes to buy and sell, buy and sell.. and wants a quick profit..!
Investor: The person who comes to invest and treats currencies as real estate.. He buys now and seeks profits after many years.. at least five years and above..
Everyone wants money.. but our circumstances and givens are different.. How do I determine my goal?
If your capital is approximately 100-5000 dollars.
I advise you to be an investor..!
Because speculation with small amounts wastes profits in fees... buying, selling and transfer fees... which means you will not benefit anything!
If the amount is approximately 5000-100,000..
I advise you to speculate... because you can divide an amount, for example, like 100,000 into ten... sections... each section is 10,000... and start selecting currencies based on recommendations and excellent analysis... and buy... and sell... and if the price goes down for you instead of going up... you consolidate ( This means that you also buy more when the price of the currency falls in order to collect larger and larger quantities and it becomes easier for you to return your capital. I give you an example..
But if the amount is 100,000 or more...
I advise you to do both: speculation and investment..!
The priority is always...
For Bitcoin
Ethereum
Then the rest of the currencies.
Any questions, I am here.. 🫡