When it comes to crypto money , the first thing that comes to mind is undoubtedly bitcoin. It has been quite recently that many people have met cryptocurrencies. Although everyone creates different information and graphics, there are generally accepted patterns in the market.
Whether short-term or long-term altcoins , there is a profit and loss situation. However, I will be sharing the sub coin basket that I regularly make for myself.
What is making an altcoin basket?
It means dividing the risk into several different coins, rather than buying a single coin. Each cryptocurrency's rise or fall occurs at a different rate. Considering this, we divide the risk by taking several different cryptocurrencies.
What should be considered when buying crypto money?
There are many factors such as the quality of the project, the project team, the circulating supply, the rating score and so on. The important thing is whether you buy the crypto money short or long term?
If you are in the crypto money business in the short term, you can buy altcoin or bitcoin from support points and sell them from resistance points.
Otherwise, if you think long term, you can sell when it reaches the level you expect. You may not be dealing with daily trading.
The biggest mistake made by many cryptocurrency buyers is that they always think that the price of the coins will rise. However, there is no such thing. There may be a decrease as well as a rise.
At this point, you can use Stop loss. You can put stop loss below the support point, taking into account the price of the crypto money you have bought.
Does not contain investment advice. I just make a basket for myself with altcoins that I have determined according to my own analysis and comments. Do not forget that the cryptocurrency market contains a high risk.
Whether short-term or long-term altcoins , there is a profit and loss situation. However, I will be sharing the sub coin basket that I regularly make for myself.
What is making an altcoin basket?
It means dividing the risk into several different coins, rather than buying a single coin. Each cryptocurrency's rise or fall occurs at a different rate. Considering this, we divide the risk by taking several different cryptocurrencies.
What should be considered when buying crypto money?
There are many factors such as the quality of the project, the project team, the circulating supply, the rating score and so on. The important thing is whether you buy the crypto money short or long term?
If you are in the crypto money business in the short term, you can buy altcoin or bitcoin from support points and sell them from resistance points.
Otherwise, if you think long term, you can sell when it reaches the level you expect. You may not be dealing with daily trading.
The biggest mistake made by many cryptocurrency buyers is that they always think that the price of the coins will rise. However, there is no such thing. There may be a decrease as well as a rise.
At this point, you can use Stop loss. You can put stop loss below the support point, taking into account the price of the crypto money you have bought.
Does not contain investment advice. I just make a basket for myself with altcoins that I have determined according to my own analysis and comments. Do not forget that the cryptocurrency market contains a high risk.
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