unborn crown
How I make crypto investment decisions: Key Stages and Insights
First Phase: Chart Analysis. I began by studying Candlestick Charts and trading techniques. My takeaway: these tools are only short-term helpful but only supplementary. I delved into every aspect of technical analysis and theory, only to realize that this approach alone couldn't fulfill my ambition of becoming a great investor. I was headed in the wrong direction.
Second Phase: Spot Market Dynamics: Next, I explored the fundamentals, financial aspects, team dynamics, and how various projects addressed problems. However, this stage left me both unprofitable and perplexed. It was baffling to see promising projects not appreciating in value, or even declining despite reasonable valuations. This indicated a gap in my understanding.
Third Phase: Market Sentiment. The role of emotions, NFTs, MEMEs, and market synergy was my next focus. Understanding the onset of market sentiment could lead to profits. However, predicting its course proved challenging or nearly impossible. Determining the right time to exit positions and the logic behind it remained elusive.
Fourth Phase: Systematic Approach. Finally, integrating value investment logic with practical cryptocurrency strategies became key. This stage is intricate, involving a fusion of extensive hardcore learning on fundamental knowledge about technology, society, and accumulated experience. It transcends simple investment decisions, representing a culmination of knowledge and strategic foresight.
foggy slate
should know?