What are your opinions and how have you stayed profitable in the crypto market
There is no other strategy that made me profitable on this market. I didn't traded a lot and I've minimized that when many of my trades even with analysis didn't go well. And that one very strategy that made me stay and profitable on this market is when I simply HODL. Yezsir, you have heard that right, not a lot with trading strategies but by simply being a holder and sticking to my plan for how long it will be. I've learned the hard way on the last 2021 bull run and thanks to that moment, I've held for so long and able to profit some still on this cycle.
That's the big problem with altcoins trading, moat coins have high volatility that no fall could be said to be a small fall and when we trades in such coins you just like hedging on a treadline that's why we get most losers than winners in trade because the art of trading isn't anything as easy as we theorised.
But then on hodling, it's easy to hodl a coin for as long as you want provided you're using amount you can afford to lose but the potential of what coin you're holding does matters a lot too. You could hold shitcoin for a long time and at bull run season makes no profit because while others were rising same coin was rather plummeting losing value. So what coin we hold is very important.
It's easy to hold when you're committed and that's why most of the profitable people on this market are long term holders. I won't invalidate the good traders that can make decent profits during short term trades. It's possible but it cannot happen to everybody and for that reason, if trading isn't for you it's best to stick to holding and accumulation. Failures do come for both sides but the majority that has made most with money are from the ones that have held for so long and have a long term vision to this market.