I believe It's time for a necessary transition from altcoin to Bitcoin. I've been trading and investing mostly on altcoins (Sol, Dot, Dodge, Shiba, etc) with little of BTC. But of the recent happenings on cryptocurrency which exposes the weaknesses of these lower currencies. I seek the best strategy to accumulate Bitcoin in my wallet as a long term investment, is it best to,
*Buy all at once, as BTC is arguably at its lowest rate.
*Buy at intervals because of any possible variable.
However, in my last post I expressed my disappointment with centralized exchanges, my unwillingness to continue using them and thankfully I got suggestions mainly endorsing Bisq, of which I've taken time to look into Bisq and other decentralized exchanges and observable is the absence of a support team unlike their centralized counterpart. That be the case, what are:
1. The recurring mistakes that could lead to loss of funds?
2. How can these mistakes be avoided. Since it seems like the only remedy.
- The altcoins you chose are a good dude and I can't say that the ones you invested in are wrong. Those are pure potential.
Now just to avoid the mistakes you are talking about, don't repeat the strategy you did, instead change the strategy you are doing dude. because if you repeat the same strategy you did, you will repeat the same mistake. That's the logic in your question.