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.
You already lose a lot and now you will shift to Bitcoin all your altcoin while the current price is at the bottom? Im a pro Bitcoin but Im just questioning your trading logic because if Im with your situation, I will just hold that altcoins since the only way to recover your loss is for your altcoin to grow again while investing on Bitcoin doesnt guarantee that it will grow on a percentage equals to the percentage loss of your Altcoins due to the difference of volatility.
I would invest separately on Bitcoin and leave the lose altcoins in there for a long hold if Im on your shoe but its your money so what you want.
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.
Just dont leave your funds on the exchange is the best practice to avoid those risk. Using it temporarily for buying or selling will not gonna exposed you on great danger because they are running for a long time. Even on FTX, all the user received a warning for whats coming on the exchange when CZ announced there decision about there FTT liquidation, FTX user is just stubborn to let there asset stay despite the brewing shitty aura few miles away.