Quote from: KnightElite on Today at 12:44:04 AM

Quote from: StephenJH on July 13, 2020, 11:50:34 PM

Quote from: elyas772 on July 13, 2020, 08:52:28 PM

My strategy : buy with all you savings which you can afford and HODL. When the bear attacks, buy and the again HODL

Good strategy and l prefer also buying any coin at a low price and hold till price increasing, then sell them. Maybe it is the best strategy, but during this time it is so hard to find any coin which can be profitable in the future. For that reason l prefer top altcoins, l think if you can be enough patient you should collect some top altcoins like ETH. That is why top altcoins are great choice for long term investing, it seems price increasing will take a long time.

Actually if you will ask me it is a good strategy or not, my answer is it is not a good strategy. It is not even a strategy, probably the creator of this thread are basically making money from it because of luck. HODL is not always the answer for us to earn a lot of money, there are a lot of factors that should be consider when you will do HODL like time, allocation, stop loss levels and many more.

I agree with you. Making money from this market will often depend heavily on luck and certainly, not everyone succeeds when trading in this market. I think if you're new, you're going to go through a lot of hard times and things might go against your mind. One way or another, it is necessary to have a strategy before buying to avoid risks because this market is very volatile and very unpredictable.