Quote from: nelson4lov on August 23, 2023, 02:14:28 PM

Quote from: Thehallows on August 22, 2023, 10:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

My primary approach to this is to increase my portfolio value in terms of BTC rather than dollar ($) value. So if the price goes up (and we're in a full blown market) then I just take profits and buy when the market bias has flipped from bullish to bearish. In my earlier days, I didn't take profit and left money on the table so when the market bias flipped to bearish, I ended up regretting not taking some profits. In hindsight, I ended with same value in BTC when I could have probably gotten more.

That is the possible way for a lot of people, me included. We like to get as much crypto as we possibly could, without caring about how much it worths right now. That is a great method for people who are interested in long term and should be considered as one of the best ways to make money as well.

I think it should be considered a way of making money whenever you can, and should be a great deal. I get that not a lot of people can do it right now, but it could be quite important to do it that way. I get that some people are worried about it, but in the end there is no need to be worried about it neither, you are going to make a good profit in any case. Hopefully you will realize that getting more coins will be greater for you on the long run.