What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysis
Actually we have our own strategies in trading that we already tested and comfortable with to try on. Here in forum we have talked so many kinds of trading strategies that was proven and successfully used by other traders but that doesn't mean it would be fit with you too. But to be honest to become an effwctive trader especially as a newbie trader it's a must that we should know about the basic. Selling at high price and buying at low price was one but I guess I may add to my list of basic skills that we need to know was the knowledge about reading or analyzing the chart of crypto that you are going to invest.
yeah, that's is very important that we are using a strategy that we are comfortable with and working well. Nothing to find another one if we are already contented enough with the result. Some traders got crazy and find no success in trading because they wanted to have all of these strategies as they think that could help them. But instead of having 5-10 strategies much better to focus on one or two strategies and master them as this is the way to help us succeed.
I think the core of all this is in that strategy, buy low and sell high, but to establish this strategy you need to trade in the medium and long term, unless the market is starting in an uptrend right now, it is possible that This scenario could occur, usually the accumulation stage in Bitcoin usually lasts around 3 or 4 years, now it is currently in an uptrend stage, many are betting on it, however it is believed that it can reach at least the $ 288k according to the S2F model, which is very popular.
When comparing the Bitcoin market with the Stock Market, the Stock Market its movements do not have much volatility and the important movements occur every 8 to 10 years.