Note: This is my personal experience in cryptocurrency and not financial advise.
Well, I have joined the crypto currency market only this year, to be precise, on 4th February 2021. The first thing that got in my mind when I started to invest was to hold long term until the price reaches a specific target, then I would cash out. In May 2021, there has been a hype in Crypto prices and I was so happy to see my investments going up.
However, only a few weeks later, the prices were down again. And I was like, if I sold when the price was up, I would end up with the ability to buy more crypto right now. Recently, the prices have gone up again and I have had the same feeling. I have sold almost all my crypto and expecting the prices to come down so that I can buy more.
This is the cryptocurrency market and it is very unpredictable with a lot of manipulations in the market. Anything can happen - i.e. the prices can keep going up or may come down as well. The reason why I started trading is also like I can make around $10-30 per day and feel like it's my daily income. Furthermore I love the thrill when the charts moves up and down. If you are planning to trade, it is very important for you to be patient. Sometimes the price will fall but do not just sell it when it goes low, wait a little bit, it may come back up again. I have got this experience with BnB which in my opinion is a very volatile token.
Aside from the trading, I have also divided my portfolio with some crypto staked or in saving on Binance so that I can make some additional daily income. As everyone of you, I have a target and hopefully will reach it one day from my cryptocurrency investments.
I hope you will all reach your target and become successful and rich.