as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
Always update the information and knows well the fundamental factor of each coin you invest. That's what I do for my crypto investment. And make sure you choose trusted coins or reputable projects to invest in. Stay away from shitcoins, meme coins, or weak projects!
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
I rarely trade my crypto coins, especially for Bitcoin. I prefer to buy and hold my Bitcoin until the next bullrun season.
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)
There are many sources, but I most often check Bitcointalk forum, CMC, CoinGecko, and crypto news sites.
I care about the news, especially current issues/rumors. It may bring big impacts to crypto markets and coin prices.