There is no magic in doing this, it is just a commonsense. It's just what you can also come up with and put it into practice and get the excellent result.
We all know that bitcoin price is not stable, just like other fiat currency. And this is why trading and making money from it is possible.
The scope is just buy the asset when your analysis reveals that it is time to buy. If you buy and the price fall further, don't be scared. If you scared and rush to sell that is when you loss.
Instead, relax, be patient, have your finger cross till the market move up again. Immediately the price has rise more than your initial buy, then you are good to sell.
What if it takes a year to rise ? Well, You have a duration of a year to wait. That is why the saying "don't put all your eggs in one basket" is popular in cryptoworld because anything can happen.
Another trick is that, if the price fall further then you buy again. This will make your losses reduced to what it supposed to be. Then the choice is left for you to decide, if you can bear the loss or wait till a rise in value come up and then you sell for profit.
View Cryptocurrency prices, volumes, market capitalization, charts,and volumes.
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