Bitcoin

Sometimes people are in a hurry. Yes, just buying any coin and holding it is not always the best option. Because you can buy at very high values and wait only for recovery to break even for more than 3 years. But if you follow your strategy and accumulate in accumulation zones, you will not catch the best entry point, but you will build a great average entry price. Then your task is to just wait, close the portfolios and not update the application every hour. You know your entry point and your exit point. So you can watch how other coins that you didn&#39;t buy already give 500-1000% and you think that you made the wrong decision. But you follow your plan, if of course you know what you&#39;re doing.Then the price reaches your exit point and you take the profit. Many beginners, instead of making a plan, try to make as many trades as possible because they think that if they trade more, they will earn more. But this is a mistake. If you don&#39;t know what you are doing and just click the buy and sell buttons, you are playing in a casino, creating the illusion of successful trades. And while you are trying to catch a trade with the 50th leverage, on a distance you&#39;ll lose 100% of your deposit, while someone else, following his plan, makes 300-500% in three months from the entry point to the exit point.Next comes another mistake, beginners think that 300-500% is not enough, because they have been hammered into their heads that the crypto market is a place where you have to make x10 in a month. Easy money. So they are right, their money and their casino game become easy money for experienced traders. And again, one problem is why 300-500% is not enough for you, because you have little initial capital.But if the investor has accumulated a financial asset worth, let&#39;s say 10 thousand dollars, understanding what he is doing, why he is doing it, why with this asset, he accepts all the risks. After 3-5 months, he receives an income of 30,000 - 50,000 dollars. That is, 20,000 - 40,000 net profit. To understand things, I want to note According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384 per year!Daily work. Therefore, stop perceiving financial markets as a casino, as easy money, the market does not owe you anything. If you have knowledge, no one can take it away from you. And there are absolutely no limits in this market.

Your knowledge is your superpower

crypto4light

Other articles published on Feb 20, 2024

At the beginning of 2024, Beosin has obtained ISO 27001 certification after SOC 2 certification

Pullix presale surpasses $6 million, may flip Binance and KuCoin; Solana whales double down

Analyst backs Worldcoin price to hit $26 in 2024, new altcoin poised for more gains

Bitcoin ETF Hype is Likely Impacting Coinbase’s Popularity Among Retail Investors

HEX Price Prediction: Is HEX Ready For a Selloff Below $0.009000?

BlackRock Calls Bitcoin ”Progress” As It Goes ”For Kill” With New Bitcoin ETF Ad

Join our free newsletter for daily crypto updates!