Quote from: Strongkored on January 21, 2025, 11:43:51 PM

Quote from: Phoenixtrader on January 09, 2025, 02:13:03 PM

I know a lot of users here have experience, so I’d like to ask if you’ve used the methods I mentioned. Also, how are you planning to be more efficient with trading this year?.

News can help if our decisions are in line with the market direction, but this is still like predicting because good news does not guarantee that the market will be bullish and vice versa, so don't rely too much on new news.

I think the most efficient way to trade is to be a long-term holder for Bitcoin, because you don't need to always watch the market and do DCA is a good method for long-term holders.

Maybe news is one of the factors in making decisions in trading but don't just rely on news because there are still many other factors that we must learn especially fundamentals, discipline, patience, risk management, consistency, learning from mistakes and emotional neutrality. If this has become a principle, then this will be your guide. Trading without principles is like sailing without direction. So build your principles now, then it will automatically create efficient trading.

Of course, to find the most efficient and not have to monitor prices continuously and not need to look for information in detail, investing in bitcoin is a wise choice. In addition, by using the dca method and investing for the long term, of course indirectly you are building assets for the future efficiently because bitcoin will become rare in the future, this can be seen from the development of the community and many countries want to adopt bitcoin as a state reserve.