Quote from: Webetcoins on Today at 09:48:10 AM

Quote from: Velemir Sava on Today at 06:53:26 AM

Quote from: initim on May 05, 2023, 08:15:45 PM

How do we identify the best coin and the period to invest in these types of coins?

I think it's not too difficult and there are lots of tutorials that explain general things like this, but there are also looking for references from trusted and updated sources so that they are useful for your investment decisions. don't just rely on one source of information, compare it to other sources, then take a step and decide whether to enter or not.

If in doubt consult with friends who are experts regarding your plans and discourse. Simple i think.

Yeah you are right, it's very important for someone to do their due diligence and do a lot of research and analyzation about a project to find out if it's actually worth investing in or not, however, it's not possible for anyone to always perfectly time the market when they are either going to buy or sell an asset because the market is highly unpredictable, you might think that the current price is the top or bottom price of a certain cryptocurrency but it can always catch you by surprise.

So, a trader shouldn't look to time the market perfectly whenever they are entering or exiting a position because even the ones who have been in the market for years can't do that perfectly and their knowledge and experience is way vaster than ours. That's why, do it when you think the time is right instead of waiting for the perfect moment.

Timing is important, but strategic planning and market factors are too. In cryptocurrency, especially Bitcoin, deeper analytics are needed. Understanding market trends, technology, and global economic considerations is more than "buy low, sell high".

Even for experienced traders, market timing is often futile. Continuous education and risk management are crucial. You recommend acting when it "feels" correct, but analysis must support intuition. Bitcoin's potential as a digital asset goes beyond speculative trading. Bitcoin and other cryptocurrencies should be invested in long-term due to its worth and financial disruption potential. Thus, while timing is uncertain, research and market fundamentals are essential for educated decision-making.