as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
Holding is the easiest way to do in minimizing the risk. Like if you buy Bitcoin during the bear season, hold and wait for the next bull run - you are actually eliminating stress in your mind. It was not difficult as many people are saying if you are really committed to doing that and becoming certain of your goal.
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
What I did is only check on the coinmarketcap to keep updated but never I check this daily as it will bother me when I saw drops. Weekly is good enough at least we are aware of the situation and besides, we are long-term holding.