What are the best non-professional crypto trading strategies?

3 answers

• Nov 26, 2021 · 3 years ago
  As a crypto trading expert, I would recommend starting with a strategy called 'buy and hold'. This strategy involves buying a cryptocurrency and holding onto it for a long period of time, with the expectation that its value will increase over time. It's a simple strategy that doesn't require much active trading, making it suitable for non-professionals. However, it's important to do thorough research and choose a promising cryptocurrency with good potential for growth.
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• Nov 26, 2021 · 3 years ago
  Well, let me tell you a secret. The best non-professional crypto trading strategy is to follow the trend. Just like in any other market, trends play a crucial role in the crypto market. By analyzing the price movements and identifying the prevailing trend, you can make informed trading decisions. If the trend is upward, consider buying or holding onto your cryptocurrencies. If the trend is downward, it might be a good time to sell or wait for a better opportunity. Remember, the trend is your friend!
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• Nov 26, 2021 · 3 years ago
  BYDFi, a popular crypto trading platform, suggests that non-professionals should consider diversifying their crypto portfolio as a strategy. By investing in a variety of cryptocurrencies, you can spread your risk and potentially increase your chances of making profitable trades. Diversification can help mitigate the impact of any individual cryptocurrency's price fluctuations. It's important to choose cryptocurrencies from different sectors and with different risk profiles to achieve a well-balanced portfolio.
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