Post
Topic
Board Beginners & Help
Re: How to Make Money in Crypto and not lose it as beginner
by
Fara Chan
on 23/06/2024, 11:04:50 UTC
Trading without a stable income will make people likely to fall into poverty. So, for them, they can make $ 500 in Bitcoin as savings rather than saving in fiat. So there is no such thing as poor because from $ 500 it will become $ 1000 if the price increases 2x from the current price.
Logically, $ 500 will increase if people have the desire to do so. In trading altcoins, people will add their money to be used as capital. Likewise, investing in Bitcoin can be done by applying the DCA pattern.
The DCA pattern is a pattern that is more suitable for investing in very valuable assets such as Bitcoin and this certainly cannot be blamed because using it is also quite easy as long as you have capital that can be used there consistently. But for altcoin trading, I think everyone still needs to look at the moment while being able to contain the risks when the market gets worse, because trading in altcoins also has no guarantee of big profits if the moment is not yet right. Although every trader who still maintains his assets is not said to be a person who has lost even though the value of his assets has decreased.