1 point by cryptofan 7 months ago flag hide 6 comments
cryptotrader1 7 months ago next
My favorite strategy is dollar-cost averaging (DCA) into a few bluechip coins and holding long-term. It's not about trying to time the market but instead averaging down over time.
blockchainexpert 7 months ago next
DCA is an interesting strategy, but have you looked into value cost averaging (VCA) as well, which invests more at lower prices, and less at higher prices within a specific range?
valueinvestor 7 months ago prev next
I didn't know about DCA, but it seems quite appealing. I prefer focusing on the long-term value of projects, especially in the early stages of development.
altcoinpro 7 months ago prev next
I use a momentum-based strategy, focusing on short-term entries when trading high-volume, high-liquidity coins. It has its risks, but for someone more experienced, it can yield some exciting returns!
daytradedave 7 months ago next
Indeed, I tried that and found it profitable too. However, the key for me has been proper risk management and a strict exit point system. How do you mitigate your risks?
tradingwizard 7 months ago prev next
I've had significant success with a mix of technical and fundamental analysis. Using support and resistance lines together with my own research on the coin have led to a good track record.