Greetings my fellow Bitcointalk members, and happy Sunday to you all, I brought this topic to teach and encourage newbies on how to maximizing income from crypto in this new year, we know that newbies have some attitude of taking some risk that will make them to lost income from crypto, which is not too late for newbies to have the ideal on how to reduce losses to maximizing income from crypto.
How to maximizing income from crypto
1
Reject your past mistakes, Do everything possible to reject those things that make you not to maximize income, may be you use to buy crypto when the price is high already as a newbie, you can change from that attitude if you want to maximize income from crypto in this new year.
2
Don't wait for people to tell you to sell your crypto when the bull season is on, you want to maximizing income from crypto in this new year, don't allow people to tell you to release your crypto for sale When you know that you will not achieve your target, because they don't know your target or the rate you bought your crypto, and you have to follow your own decision to sell to maximize your income.
3
Buy crypto when the price is low and sell when the price is high I know this method is very common to some people, but is not common to newbies, make sure you buy when the price is low and hold for long term before you can sell when the price is high to maximize income. I will advice newbies to apply those methods to maximizing income from crypto investment.
I think it will be unwise to advice newbie to buy bitcoin only when the price is low because for an investor who is using dca method to accumulate bitcoin does not have to wait for the price to dip before accumulating, infact waiting for a desire dip will only make the investor to loose many markets opportunities sometimes self this low price may not even occur, the price you consider to be low may not be low to some other investors. That why dca strategy is best for newbie because you don't have to wait for any price, an investor can buy crypto when the price is low and also when is high.
For newbies and experienced hands that wants to use the DCA method it is not necessary to buy when there is dip, the method is to buy from your income irrespective of what Bitcoin price is whether it is in dip or skyrocketing. If your intention for Bitcoin investment is to hold for a long term that means that current price won't matter to you because at every circle price will always reach new ATH. But if you are not using DCA method, meaning that you are not buying periodically from your income, that means that waiting for dip before buying will be a good investment decision. Any product that is volatile like cryptocurrency is best to buy in dip to maximize profit when it starts to rally but DCA method is an exception because you are accumulating from your income.