Never give up in this marketsteemCreated with Sketch.

in hive-175254 •  last year 

This crypto market is highly volatile which means we are aware that it may not go the way we expect and it has happened multiple times in the past. some people claim that they have made a great amount of money in a very short amount of time which is possible and most probably it happens when the bull cycle is going on. this is possible but the higher probability in the market is to earn money with a long-term approach because, in the short term, many people have lost money in this market.

What should be the right way to invest in this crypto market and how to get success is something that many people often ask. I do believe that this market can bring better profitability if the investing horizon is far four to five years which means it should be covering at least one bull cycle in between. the investment should be done for the long term because if the next cycle takes longer then at least there is no sale pressure to deal with and this way we can keep on holding for the time it is needed depending upon the market sentiment.

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Now we are in a situation where many people are not in a good situation because they feel like this market is never going to end and the bear sentiments are going to be here for a long time. indeed, we cannot predict the next bull run cycle in the market however it is expected to happen in the next year but again there is no surety on this. it may happen or it may not so we cannot say when we are going to have it. only one thing that we need to follow and believe that stay here for the long term and not give up even when the situation is not favourable for us because this might create a difficult environment for us.

If you have invested already and are not ready to invest any more in this market situation then it is fine but keep on holding whatever you have. There is another scenario in which if you want to invest now then follow a disciplined strategy to invest in the projects that you think are fundamentally strong and keep on doing some regular investments like sip or dca. This strategy can help you make a good amount of money but here also long-term investing is required and I have seen so many people making a a amount of money just because they followed the long-term investing strategy.

Thanks.

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Heres a free vote on behalf of @se-witness.