The crypto market full of opportunities and profits, is becoming stronger and fuller, people get onboarded every single day. Among this people are those that are interested in profits only, they are not ready for the risk involved while some are fully aware and ready to tackle it by taking calculated risks. These are the people that strive to become a better trader everyday, they seek advice from experienced traders and learn from their past trading mistakes.
Investment planning is another advice they seek, they would want to make wise investments decisions, how they should diversify their investments, how much they should allocate to each portfolio. As an experienced crypto trader, what advice would you give them? What is the best way to go about investments ?
Yes the crypto market is filled with opportunities, but you need to know your risk tolerance to be able to achieve something and don't be greedy. You can start with initiatives that are almost risk free like this>>
Bg auto invest programme before going for more rewarding methods like trading(have knowledge first.
Trading is very risky and not for people who are planning for their retirement, because whatever strategy a trader comes up with, he will run at loss in the long run. This is because a little mistake can make you lose all the profits that you have made for long in one trade. An investor is that person who is buying bitcoin regularly weekly or monthly to grow his bitcoin stash and hodli for long. Investing is more easier than trading with low risk.
Buddy, trading needs discipline and intense patience. Without that, you cant be a successful trader. Op can also look about staking, launchpools etc.