Smart investors take a position early on the asset they like without making any noise about it, they simply buy and wait, not precisely a very exciting strategy but if it works then it does not matter if it is a boring strategy, however if the market begins to go down after they bought their coins they do not panic, instead they consider this as a blessing, as if a good asset like bitcoin at 30k was a good buy, then bitcoin at 26k was an even better investment option.
There will be different points of view in every situation and only a few people are able to take advantage of opportunities to take advantage.
To become an Investor we have to learn many things and also have to be prepared with all levels of risk that exist, regardless of the time to enter or exit I think we have a different point of view from the knowledge and experience we already have, I think it's not a problem but in investing in crypto, we know all the consequences that we will face and dare to do it is an opportunity to take advantage.
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.
I suppose the best strategy with
BTC and other currencies is to hodl no matter what the price is. Now there is a risk of inflation of any currency (dollar, other fiats, btc, other crypto). So there is nearly no cance to save much money by performing fiat to crypto and back transactions in a hurry. This only brings personal financial instability and loss of money due to transaction fees.
Remaining patient is the best strategy and also believes in the future prospects of the investment choices we have made, no one denies this, if investing in Bitcoin or top coins, of course, being patient is a good choice because all possibilities are positive in the future, but for other investment options I think we should also have many other options.
the point is we have to be observant in seeing and estimating the investment choices we have made for the future.