My investment strategy is very simple. I only buy and hold. When the price is low, I buy more.
Day trading is not what I like to do, because I think frequent trading is more difficult to get succeed for my crypto investments.
Yes, your strategy is simple. But we should not forget the fact that Bitcoin is necessary and sometimes even spend. This will ensure the proper functioning of this coin and stable price growth
This type of strategy is for those people who doesn't have enough time for monitoring their trades and just wait for one goal, for the price increase. And no doubt that buying at low and selling at high or just holding your bitcoins for a longer term will always be the best type of investment strategy. But if you do have a lot of time to invest with trading, just do it.
It all looks simple and seems to be working and that is all the appeal most traders are looking for, however for an experienced trader, the strategy is not complete, because it lacks a clear definition of when to buy and sell. Taking it as is, should someone mistakenly buy at a peak price and then price drops way down, it might take much more time than the person is willing to wait before the trade returns a profit.