Crypto Investment Strategy For Beginners. Having a long/short strategy allows you to take advantage of this volatility. The name of this magical strategy is dollar cost averaging!
The perfect strategy for crypto day trading in 2021 depends on your profile. Trading is about trying to quantify and manage risk. The conclusion is that for a beginner in the crypto space without prior trading experience/skills, the strategy of dollar cost averaging is much simpler and superior over trying to “time the market” by trading or just “lump sum buying”.
If you're just making your first steps on the cryptocurrencies market you may benefit using these simple strategies.
One crucial step when working on your cryptocurrency investment strategy is to reinforce the security of your cryptocurrencies. Crypto trading is not a gamble, where you trade and wish your luck will shower money on you. Enabling 2fa on every sensitive website is the most important habit you need to adopt to increase the security of your accounts. Then we have the crypto to crypto exchanges.
