Short Time Trading or Long Time Holding? - CRYPTOCURRENCY

Most people of us choose trading for daily income. No one believes in long-term holding. As a result, 90% of traders lose 50% of their assets by trading in 3/4 months.

I am not saying that trading cannot be profitable at once. But for this you have to struggle a lot like MA(Moving average), EMA(Exponential moving average), Boll (Bollinger bands), MACD(Moving average convergence/divergence), RSI (Relative strength index) should know these things very well.

Even after knowing these, your price prediction in your trading will not be more than 65% correct. Because all these indicators are used for stock market analysis. These indicators may not show accurate results in crypto. Support points and resistance points in crypto are marked by repeating human buy/sell history which may not always show accurate results. Because global economic/political conditions are not always equal.

Due to which people's investment system is not always the same. Also nowadays the crypto market depends on whales, due to which the price of any coin can go up at any time and down at any time. And for this your small brain and small investment lose to big head and big investment. As a result 50% to 70% of your investment portfolio disappears.

And this is why long time holding is very profitable. Because it is a very simple strategy.

For example,

you will only invest in a few good projects in a bear market and sell them in a bull market. The result is 5x-20x profit. The reason is that the price of coins decreases by 5x-20x in bear market and increases by 5x-20x in bull market. You may have to wait 1/2 year for this. What's bad if your net investment returns 5x-20x in 1/2 year?

Now talking about how to recognize good projects?

• To know the good project you need to download an application like Coingecko. Through this app you can search for new projects and check how the projects will be for future investment.

• Coingecko provides website link, twitter link, blockchain explorer, total supply, circulating supply, marketcap for each project. You must visit their website to know if a project is good or not.

• After going to the website, you will first see how the project team members are? Project team members must have computer science background.

• Then you will see the project roadmap. The roadmap should be based on 2/3 year development plan. Then see the difference between circulation supply and total supply. Circulation supply should be above 30%.

• Then go to blockchain explorer. The total number of holders of that project can be known through blockchain explorer. The number of holders is over 15000.

• Then go to the project's Twitter page. Go there and see how engaged the project team members are on social media.

• Then you will see the market cap of the project. If you expect a profit return of 100x, then you must have a market cap of 100 million.

And if you want a safe investment, but the profit return will be less, then invest in projects with a market cap of more than 1 billion. And to do these things well, you must study a little on YouTube or go to an expert. But don't play with your portfolio behind a signal group.

Happy Crypto Trading.

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