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)
For me holding for the long term is one of the right decisions to maximize profits with lower risk, especially during this time bitcoin prices continue to get higher values from year to year so holding allows us to get bigger returns, as for holding we don't need to pay too much attention to news that causes bitcoin prices to fall because usually this news only has a short impact on bitcoin price movements which only poses a risk to day traders or short term holders.