Quote from: Blitzboy on Today at 12:11:33 PM

Quote from: virasog on August 12, 2023, 11:44:39 PM

Quote from: Best-mary on August 11, 2023, 03:09:48 PM

So far, I have seen most of the approach is curated for individuals with a long-term investment perspective. It's not just about gains; it's about calculated gains while thoughtfully nurturing your crypto portfolio.

No one can predict the moves of the market. This is a financial market and if everyone was able to know the next Bitcoin move, everyone would have become rich in weeks and months. You just cannot think about what the market makers and whales are planning whether it is a bull market or a bear market. They will make such moves that will trap the retail into FOMO so they won't sell when prices are all time high or make them so much fearful so that they do not accumulate in all-time near to low prices.

With price action, you may mark certain levels on the chart and predict the next pump or dump to a certain extent but still, nothing can be said with certainty.

For a newbie, investing in bitcoins for long term is the best way to gain money. Also, if you analyze, those who keep Bitcoin for years and years, they are the ones who get real returns which the average day to day trader can never think of.

Although the market can be unpredictable, it is not completely random. Even while they don't always get it right, professional traders, analysts, and institutions put a lot of money into understanding market dynamics, so they're not just aiming darts at a board.

Level marking is not some elementary school game; it is based on past data, current trends, and recurring patterns. To minimize the importance of technical analysis is dishonest.

It's simplistic to state that long-term investing is the "best way" for a beginner, even while I agree that it has advantages. Everything is dependent on one's financial objectives, level of risk tolerance, and investment horizon. Not everyone has the money to "hodl" for a long time. DYOR before making broad assumptions

Well said. That's why I use both strategy because they seem to work well for me for both long term investment and trading the trend.