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Elcryptodoc: the best crypto investment strategies

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Elcryptodoc: the best crypto investment strategies

Let’s take a look at the individual investment psychology that is at the heart of every investment strategy, because after all it’s one thing to understand the psychology, but it’s another to counteract your own emotions or the emotions of the market and create successful decision-making processes that lead to profits, with the goal of hopefully saving you from costly investment mistakes.

Elcryptodoc his research concluded that new crypto investors are drawn to the space due to rising prices. When the Bitcoin and Altcoins moons, new people come into the market learning that their friend or friend of their friend has made a ton of money just by putting their money in a coin. However, when prices have risen, this is the most dangerous time to buy. Although investing in an uptrend can give investors a sense of security and works if you recognize the trend early enough, it is still a dangerous strategy as most pumps end in dumps.

When you walk into a room, you need to know how long you’re willing to hold it and what your expectations are. You need to have a pre-plan when considering selling coins at least in stages. For example, when you’re buying at a dollar, you might think that when it hits two dollars, I’m going to sell half and leave the other half. They are simple mental models that help you work through your emotions.

If you want to succeed in crypto, you need to formulate a strategy to pick winners. Elcryptodoc believes, these are the best investment strategies for success in Crypto:

Long term strategy

This strategy can be implemented on tokens that you can totally forget about after investing in them. These are tokens that you have great confidence in because when you check your portfolio in ten years, you are happy to hold these coins. This is generally a strategy that Elcryptodoc only uses for the highest market caps and most trusted crypto assets like Bitcoin and Ethereum.

Short and medium term swing trades

This strategy is for the sole purpose of speculating on the price and whether it will rise or fall in the future. Often you can use this strategy on hot stories. For example, when a certain coin explodes in importance like Chainlink did in 2020, what happened afterwards was that everything that looked like Chainlink exploded too. In case Chainlink was an oracle project, all the other projects trying to be oracles grew rapidly on the short-term hype. After the wave of hype died down, they all fell at a rapid pace too. Thus, a short to medium term swing trade is often based on trend stories in crypto. The most important thing to understand here is that narratives can change quickly. The month the narrative can be all about NFTs and the other month play-to-earn gaming for example.

Stable Coins

Most people think that once you’re in Crypto everything has to be allocated, but keeping a significant amount of money in stablecoins is actually a smart thing to do. A stock market crash is always around the corner and you want to have money to buy those stock market crashes. Historically, buying crypto market crashes has made people absolutely astronomical wealth. So having stablecoins for those kinds of times is key to making the most of this market, says Elcryptodoc.

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