Whenever you do have that kind of decision trying out to make up some investment with altcoins then there's no indeed wrong on here as long you are that dealing up with those high ranking coins then it will really be that a considerable actions on which it will really be that normally be that we do trying it out to do at the moment that you will really be that seeing that Bitcoin returns wont really be that something that satisfies you. It will really be that better that you should really be that knowing on what are the things that you would really be needing up to consider and be knowledgeable into the actions that you are really that taking into. Its really just that too impossible that you cant be able to determine the level of the risks in between Bitcoin investment and with those altcoins in below. Come to think that its really that your money to be invested on which this do simply means that its your full rights on what you should gonna do in the end of the day.

Its not a mistake but rather you've been trying out to expand the risks that you are really that making. There are really just that those people who cant be able to bare up with the risks and this is why they would really be sticking into something which do have that less risk on which it will really be just that understandable. It will really be just that up to your choice on how you would really be gonna deal up with things accordingly because on the moment that you will be trying out to fix yourself into something and dont look for another opportunities then you cant be able to maximize out that potential profitability.

You can’t just jump into an investment without having knowledge about it, it becomes very hard to find a way out of that without failing or meeting up with some losses along the way. When it comes to investment that involves huge finances, many people are more skeptical than they use to. Bitcoin is a a very volatile asset that can either make you a bigger ROI in a timespan that other investment won’t give you that same ROI within that same time span. When you’re ready to diversify more into cryptocurrency, it becomes very hard to learn the more technicals of it than just relying on the basis to make decisions in the market. Everything requires knowledge and when you have that knowledge, you become one step ahead of what you’re looking for.

A Bitcoin investor that isn't commited to a well structured strategy will only end up counting losses all the time, having a strategy that works is one of the attributes of a good investor. A Bitcoin investor without a strategy is more likely to make impulsive decisions and react badly to Bitcoin's volatility and thereby hitting potential losses, in every investment, having a strategy would make the journey to success easier and it helps you define your goals and target, it helps you to manage your emotions when ever the market get volatile.

A strategy will be particularly harder for someone who is new as an investor in crypto; that is why mentorship is always necessary.

Do you know we are also mentors here? you and me.
Mentorship is not always one-on-one but also from forums like this, and the tips we give on how to invest in Bitcoin are invaluable. Newbies to investing on this forum have an edge.

I find this to be very true because inasmuch as a strategy is super important for every investor, it can only be useful when the investor in question has an idea of what he’s investing in and exactly how to apply this said strategy to make it effective and all these can only be possible through mentorship and intensive research. That’s a great head start and then when you fully understand the market, you can be able to come up or develop an effective strategy that’ll suit prettt well with your investment goal and risk tolerance level.

Applying one or more strategy as a bitcoin investor is good but it should be after you must have invested then you can try to specify a strategy or strategies that will help you to manage your investment perfectly. However, we are investing in bitcoin with the idea of a probability of a possible growth even though we are investing with uncertainties but since we are investing with an amount we can afford to lose, we shouldn't care much about the perfection of any strategy we want to follow our investment. Just invest within your discretionary income and apply any strategy of your choice.

I think the main reason why many investors decide to use strategies is to help them minimize risk, for those who do long-term investment and cannot lump sum their investment, is to ensure discipline to purchase spontaneously at the agreed time and amount. When strategies are applied, being faithful to that strategy is a good way of maximizing profits, some who use strategies to invest are not making lots of profits compared to those who just invest randomly. There are investors who don't know about DCA or different strategies, they just enrich themselves with the resources and approach the market. Having the best portfolio doesn't just happen because you use a strategy, many factors are combined to determine how the market was approached.

Indeed, a strategy is needed, not just investment or trading but also in several other areas of life. Without a strategy, it might look like you’re just chasing shadows and you only know where but not how to get there. So surely a strategy is essential.

But like I’d always say, there are other things that are important and worth noting before even choosing a strategy, that is understanding what you’re really doing, identifying your risk tolerance level and a few other things that’ll help you choose a strategy.

Bitcoin is the long term investment but that could be a medium term investment especially if the price can jump to the high price in a short time. The strategy that work best for new people is using DCA method to buy Bitcoin continuously using a certain time so they will have a chance to accumulate more Bitcoin.

But Bitcoin investor need to learn about money management and risk management because the price will be up and down many times. If they can not hold themselves and stick to their plan, they will not have a strong hand to hold their Bitcoin. So that is why every Bitcoin investor need to learn and improve their knowledge by reading and apply the lesson they get.