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?
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)
Hello pal, my strategy of being a holder is don't panic selling, if you see your charts is red, don't panic sell instead analyzed what the cause of red. Don't worry about your chart because you have trust on it and also you're a long term hodler
And make sure you study a lot risk reward ratio and win rate it applies not only in a simple trade but on every execution it matters and they're connected to each other. Don't expect much that every trade will work out that means you're prone to losing therefore you need to have a STOPLOSS everytime
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?
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)
Long term hodling is more profitable compared to short term hodling the major challenge investors face in hodling is the tempt they face when the value of Bitcoins rise most are prompted to sell which most will regret as the value increases exponentially
Therefore long term hodling is advised as you invest what you can loose freely in Bitcoin so even if value eventually drops you won't run into significant loss in your net Worth
Short term is very profitable but it can be also a risky. You must know the risks and rewards of each trade but in long term they are less risky than short term investment It depends if you didn't research about what you're holding but i prefer and it's required to research and study what you're buying or investing. I'm holding a part of bitcoin so i would suggest like what you said, you can loose freely in bitcoin so hang on it, don't panic selling in bitcoin have a trust on it !!