As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
I don't know exactly how much trading experience you have. I think learning trading cannot be mastered in a day or two, weeks or months. However, you want to make your 2024 profitable by trading, I hope you capitalize on your extra money and move on to trading. I don't want to get involved in trading 2024 as it will be pretty rickety. Expecting a bullrun at the end of 2024 around the Bitcoin halving, future plans are for me to invest more in Bitcoin at the moment and hold on to it. I would always advise you to hold because holding bitcoins is the least risky of trading.
Absolutely, mastering trading takes time and experience. It's wise to be cautious about the potentially volatile market in 2024. Holding Bitcoin, especially with the anticipated bull run around the halving, seems like a prudent strategy. While I agree that holding is a solid, low-risk strategy, trading can offer higher potential profits. It's a good idea to allocate a fraction of your portfolio to trading. This way, you can capitalize on market opportunities while mitigating risks. Diversifying between holding and actively trading allows you to balance stability with the chance for higher returns. For developing a well-rounded approach that includes both strategies, take a look at R100K's Crypto Trading Strategies (
https://r100k.com/blog/crypto-trading-strategies-2024). It provides valuable insights that can help you make informed decisions about how to allocate your assets effectively.