Bitcoin

THERE&#39;S A COMMON MISCONCEPTION IN CRYPTO: You need to trade constantly to make profits.I receive many requests for more trade signals, entries, and opportunities. They all boil down to a widespread belief in crypto that you must constantly trade to see meaningful gains.But in reality, most profits often come from just a few well-timed moves. Here&#39;s my experience: 80% of my returns this cycle were made in just three months.The rest of the time? I did nothing.That&#39;s right—most of the time, it&#39;s about watching, waiting, and preparing. And yes, that is the hardest part.However, you don&#39;t need to be in the market every single day. In fact, overtrading can lead to mistakes.The key is to have the patience to sit on your hands when the market isn&#39;t giving you clear signals and the conviction to move decisively when the right opportunity presents itself.This approach doesn&#39;t just apply to your overall portfolio strategy—it&#39;s just as relevant regarding individual tokens.Most of your gains will likely come from a small handful of picks. It&#39;s not about spreading your bets thin across dozens of coins; it&#39;s about identifying the few with real potential and wisely timing your entry and exit points.In this cycle, asset selection is more crucial than ever. With the market becoming more fragmented and altcoin performance increasingly inconsistent, choosing the right tokens is key. (<a href="https://coinmarketcap.com/community/articles/66aca42031718913b9c656f7/" rel="noopener noreferrer nofollow">Read this article for more details!</a>)The days of broad market rallies lifting all boats are behind us. Now, it&#39;s about precision and picking the winners amidst the noise.So, don&#39;t fall into the trap of thinking you must be constantly active. The real skill lies in knowing when to act and when to wait. Be selective, be patient, and when the moment is right, don&#39;t hesitate. That&#39;s how you navigate this cycle successfully.&#x1f449; If you like this article, you&#39;ll love my <a href="https://newsletter.bencrypto23.com" rel="noopener noreferrer nofollow">free daily newsletter!</a>

You Don't Need To Trade Constantly To Make Profits!

Ben Walther

Other articles published on Aug 4, 2024

5 Must-Have DePin Coins For Your August 2024 Portfolio

Bitcoin reserve garners support, MicroStrategy seeks to raise $2b, startups secure $107m in VC | ...

TR.ENERGY Enhances TRX for Efficient Transactions in the TRON NETWORK Ecosystem

Trump Loves Bitcoin (TRUMPBTC) Memecoin Will Rally 15,000% Before Exchange Listings, While Shiba ...

Bitcoin: 14 Years Ago Today BTC Was Priced at $0.05

Argentina Set to Adopt AI to Prevent Future Crimes Amid Security Concerns

Join our free newsletter for daily crypto updates!