Quote from: cafter on April 10, 2023, 08:04:55 PM

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)

Unfortunately, if you remain to be holder only means you do not know when to time the market or you are arrogant to know when to take a profit or cut losses. Put a stop loss. Please preserve your capital. If you have to hold it long enough, at least do fundamental research on any crypto to hold. Be a smart investor, not a holder.

It would take a skill to hone if you're going to be a day or position trader. You have to know what time frame you trade and you are going to take greater and more risks engaging the market more often.

Here's the websites I use to do my own research : For fundamentals I use this https://messari.io/ , when analyzing price. I mainly use Trading view. Create your own conviction. The worst thing you could do is to buy a coin because you see someone else bought it on twitter. Do your own research. Take responsibility for your own funds. That's the best strategy it is.

Quote from: KiaKia on Today at 05:43:18 AM

I don't have to choose one, I do trade daily and am also a long-term investor, I am holding Bitcoin and a few other altcoins too, and I am ready for any opportunity, to hold Bitcoin for the long term without any stress, you need to have a steady income through business or jobs, holding can be very uncomfortable for those that have no steady income, they are the likes that always go back to their bag and sell some part of Bitcoin until they have no other means to survive than to spend all their Bitcoin.

It can be a very bad idea to hold Bitcoin in a bull market, if you are smart you will sell in a Bull market and wait for the massive sell off that will bring forth the bear market to buy back, you will have good numbers of Bitcoin buying back.

Again, it would take you a lot of skill to get you in to this level. Timing the market means you're picking tops and bottoms. Just simply put, Take Profit when profit is presented to you. Cut losses when strategy told you to cut your losses. If you open more risk, the market will be willing to take it from you. Don't be too greedy and be fearful, be in the middle taking risks and finding opportunities. Find a strategy that works for you. If you do so, BTC and positive gains will follow.