Cryptocurrency Investment Strategies
Wondering how to invest without stress? Want to try investing in cryptocurrency, but do not know how to start? Or are you just sick and tired of the nervous trading? Then, discover how to become a pro in cryptocurrency investing with the bit4you exchange platform.
Let’s start to explore cryptocurrency investment. To begin, investing with real money requires considering several factors before starting.
- Be sure, you have chosen a reliable and secure crypto exchange platform with a wide range of cryptocurrencies available in order to choose your best one. For instance, bit4you provides its users with more than 20 of the most popular and profitable crypto-assets. You can learn more detailed information or educational articles about each coin you may want to acquire. A few days ago Polkadot and Dogecoin became available for bit4you customers.
- Think carefully about how much you are ready to invest and what resources you can lose without worries in case something goes wrong. It is also extremely important when it comes to choosing the strategy that fits your objectives, short or long-term. Bit4you is delighted to provide you with the opportunity to invest (or trade) without worries with the help of Demo mode. It is a powerful instrument if you want to test some investment strategies without losing your real money. How does it work? Well, you just have to register your bit4you Demo account and receive $100 000 of virtual funds. Then, if you want to get a better understanding of any crypto coins, strategies, or the crypto market, go to bit4you educational section and start learning. It will bear fruits in a way of more professional behavior on the crypto market. You discover all the investment processes, main processes, ins and outs of fundamental analysis. But what is more important, you will get the practice experience and the chance to use your newly acquired skills in the real crypto market. As you know, practice is important.
If you do not want to engage in daily trading, then you can try to accumulate crypto-assets on the bit4you exchange platform. Just keep in mind some recommendations for creating a well-balanced crypto portfolio and some investment strategies. There several methods of investment, you can find useful some of them.
- “Buy and keep” or “HODL” is considered to be the easiest strategy for beginners. In this case, money is invested in the asset that will be kept for a long time. In this way, you can wait for the right moment to sell your crypto coins off. When you are buying bitcoin for a long time, it is important to choose the right moment and wait before deciding to sell.
- You can also make a well-balanced crypto portfolio on bit4you and invest not only in bitcoin but also in other assets. It is the first and the most important rule: if you are investing in a few cryptocurrencies, just allocate your funds equally for each asset. Thus, any subsequent investment would be divided equally between different crypto coins. Honestly speaking, the percentage of crypto in your portfolio can differ, but the main point is the same.
- The averaging strategy is about splitting the capital into several parts and buying bitcoin on bit4you at regular intervals of time. Thus, if the price of an asset drops, you can use it as an opportunity to buy more coins and decrease the average loss since the average BTC purchase price will decrease accordingly.
Thus, before going live with real money, you can test all your strategies with your Demo wallet, without losses and risks.
Valentina BEREZA, Team bit4you