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Doing nothing is arguably the best way of making money in crypto! Yet most people will be unable to do that because of fear or greed

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by COINS NEWS 264 Views

I think it's kind of funny that a lot of people "myself included" struggle with this. It is stress free, will not consume any time and will improve your odds at winning. But yet, reacting to charts is a drug. A stressful drug.

I'm no different, most people don't have balls of steel and I believe that the best strategy is just doing nothing, and if possible, not watching the charts. Most platforms will offer reccuring buy options if you want to dca. You can also set buy orders for specific prices.

Unless you are a day trader (which I wouldn't recommend unless you have a lot of experience) its almost guaranteed that the simple fact of looking at the charts every day will increase your chances of losing money. A lot of people will react by panic selling or fomoing and those are the 2 best ways of losing money.

If you plan on holding for a long time, you should never care about what happens within 1 day. You probably heard it many times but, ZOOM OUT and don't try to time the market. Stick to your plan and experience a stress free profit.

This is just my personal opinion. Nothing is ever guaranteed and you should be ready to lose a big part of your investment. Have a nice ride!

submitted by /u/Davinter30
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