Hello everybody! I would like to try my luck in trading cryptocurrency. Although many people believe that cryptocurrency is not worth paying attention to, I still belong to another half that sees the future behind crypto. I’m interested in investing some of my assets in crypto. I’m aware that it might be risky. Still, I would love to take this risk. I would like to ask all BTC or other crypto traders which strategies you stick to for trading? However, as far as I know, a proper method determines 50% of success. I’m just wondering which one would be better to hose from.
It is considered that the basic strategies that are used in the forex and binary options market for analyzing just prices are equally suitable for trading cryptocurrencies. So far, I have found some info online about different strategies ideal for Forex and crypto trading.
The first strategy I found out about is a lump-sum payment. This particular method grabbed my attention because of the highly promising ROI. Basically, it is about investing all assets in one chosen crypto at a specific moment. In other words, it’s all or nothing, and it’s pretty risky. Correct me, please, if I’m wrong.
Another strategy I found out about is DCA. The main feature of this strategy is that entering the market reduces the level of volatility of the asset compared to a lump sum payment. Besides, applying bots developed explicitly for this strategy minimizes risks. But what about earnings? I think it’s clear for everyone that the lower are risks, the lower is earnings. Still, I hope that it is possible to make some money applying this strategy.
So, I wonder which strategy you prefer to stick to, lump sum or DCA? Maybe you have another method on how to make money by investing in crypto. Please share your ideas about it below.
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source https://www.reddit.com/r/btc/comments/pe54wh/which_strategy_is_the_most_efficient_for_trading/
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