For those people who have experience in cryptocurrency, how do you deal with the market's fluctuations? Also, can you somehow predict when the prices will go up or down?
You take advantage of the fluctuations and buy into an asset when the price is low and sell when it appreciates. You may also hold on longer as a long term investment, but this is specifically for the more stable assets. You can predict based on historical data and the current business environment
I know a guy that makes a fortune from the volatility of the crypto market. He is always making thousands from buying and selling at the right time. I don't know how he does it (I would be doing it myself LOL) so please don't ask. The crypto market will always be volatile and it is something that we just have to accept. Of course, there are stable coins if you want some degree of certainty.
@graham I feel like the more experience you have, the more you are able to make decisions like him. I think I will only get the hang of trading crypto once I experience it first hand, but it is kind of terrifying at the same time because this is the first time I'm going to do it (I don't even have experience in trading stocks).
@tituskrit Aside from Bitcoin, what cryptocurrency do you consider as 'stable'? Do you also invest in new ones? If so, do you have a checklist of things you need to consider before investing?
@evcj_ stablecoins are the ones that are connected to the price of the dollar - Tether USDT, USDC, DAI. I personally don't invest in altcoins, only BTC 😏
Hungry for knowledge 🧐
