Successful trading or investing strategy is everything in both traditional and crypto markets; that is why applying time-tested methods could be useful
Value-investing principles dictate that paying attention to negative rumors about a company can lead to lower purchasing prices. In the crypto world, FUD can be harsh, but it can also offer buying opportunities. For example, when news of a lawsuit against Binance's CEO by the CFTC caused the price of BNB to drop by 5% daily, this created an opportunity for savvy investors.Diversification can reduce risk, but it can also dilute profitability and make it harder to manage investments.
Regular portfolio reviews can help maintain a healthy mix of investments and counteract cognitive biases, such as sunk cost bias. This involves monitoring your holdings, rebalancing your portfolio, evaluating potential new projects and cutting losses on underperforming assets.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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