7 Crypto Trading Tips

 

• Investors who have been active in the crypto market in the past year have already earned good money. This has been less evident since the January / February crash. HODL is the code word and that can be a good decision in the long term. But through the following 7 secret crypto trading tips you can get much more out of your money.

• The crypto market remains a volatile and risky environment for investing. You can earn a lot of money, but you can also lose. Or you're stuck in a crypto coin for a long time that does not move, so you miss all other increases. When you sell, he just starts to rise ... typically.

• Therefore 7 crypto trading tips to take full advantage of the potential of the crypto market.

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Invest in crypto coins

• 1. 24/7/365

Do not forget that the crypto market is open 24/7 and 365 days a year. In contrast to people, the crypto market does not go to sleep and does not take a vacation. Do not want unpleasant surprises, set limits to buy or sell, or go to cash when you have no control.

• 2. Buy low and sell high

Buy when everyone is in the hair with his hands, sales when everyone over enthusiasm proclaims that they are the new crypto-Messias and soon buy their first Lamborghini on the moon.

• 3. You can not buy the dips if you do not have money

Buying when the crypto market is declining is only possible when you have money. There are 2 ways to get money: transfer extra money to your crypto broker (but that increases the risk level of your personal financial situation) or sell when the crypto coins rise. Who goes all-in at the wrong time, loses an important options for the future: the option to buy low.

• 4. Bitcoin is King

Altcoins always offer interesting projects and can rise sharply at certain times. But Bitcoin is still good for at least 1/3 of the crypto market for good reason. There are times when investors return to Bitcoin. It is and remains the most developed crypto of all. You should always have Bitcoin (a part).

• 5. Learn about technical analysis

It has been said for a long time that technical analysis does not apply to the crypto market, but it remains a market operation based on supply and demand. Just like any other financial market. Anyone who understands graphs, support and resistance levels, technical indicators, etc. has a much better picture of the crypto market. T.A. is not a holy grail, but it gives more indications when you can buy and sell.

• 6. Discipline

If you have a successful strategy, you have to stick to it. When the markets go through the roof, discipline is the best advice not to fall into the trap. Good discipline means that you know when and what to buy, but also that you know when to sell. Do not let the market determine what you do, but your strategy.

• 7. The world is not only about Bitcoin and crypto coins

Bitcoin is not yet a legal means of payment in most places. Fiat coins such as euros, dollars, yens, ... have an almost monopoly in the field of money. Governments will not just give up their place to crypto coins. The entire crypto market is also still worth less than a company like Apple. Crypto coins have a lot of potential, but you have to see everything in the right context. There are also other things than crypto coins.

Source: Crypto Currency Facts