Post
Topic
Board Economics
Re: What is your best investment strategy?
by
Abiky
on 24/04/2017, 19:01:01 UTC
I think you don't understand what you are saying, for me crypto trading is the most profitable form of trading, assets can grow it's value overnight and that can give us some good profit even in a short period of time. There is a reason why there are a lot of people who are into crypto, most of them are making money and they will never leave crypto because they are getting the benefits.

Agree. Trading cryptocurrencies has a lot of benefits than doing so with stocks or other assets. Due to their high volatility, prices could either increase or decrease, leaving you the opportunity to take advantage of the buy low and sell high strategy, making you a nice stream of profits.

Still, trading crypto is extremely risky, so you might not always win, sometimes leaving you with less than what was initially invested.


Now my investment strategy is very risky. Almost all of my assets I invested in bitcoin. I believe that the price of bitcoin will go up for several more weeks. And when there is bad news I will sell coins to buy later at a low price

Not bad, mate. Always take advantage of Bitcoin's situation whenever negative or positive to increase your chances of making returns on your investment. As usually, the price declines when there is bad news, you can take advantage of buying cheap coins to sell them at a higher price later when it returns to its original value.

Look at what happened with Bitcoin's rumor of getting forked because of BU over the past days. It caused the price of Bitcoin to go low around $950, but now it has recovered and gone through all-time highs. This was a great opportunity for profit, to those who had invested earlier.

Nevertheless, I hope that Bitcoin's value would keep rising, to make bigger returns on my investment. Just my opinion.  Smiley