What strategies can be used to achieve the 90/90/90 rule in cryptocurrency investing?

3 answers

• Nov 26, 2021 · 3 years ago
  One strategy to achieve the 90/90/90 rule in cryptocurrency investing is to diversify your portfolio. By investing in a variety of cryptocurrencies, you can spread out your risks and increase your chances of hitting profitable investments. Remember to do thorough research on each cryptocurrency before investing to ensure you choose reliable ones. Another strategy is to set clear entry and exit points for your investments. This means determining the price at which you will buy a cryptocurrency and the price at which you will sell it. Stick to your plan and avoid making emotional decisions based on short-term market fluctuations. Additionally, staying updated with the latest news and developments in the cryptocurrency market is crucial. This will help you identify potential opportunities and make informed investment decisions. Follow reputable cryptocurrency news sources and join relevant online communities to stay informed. Remember, achieving the 90/90/90 rule requires discipline, patience, and continuous learning. It's important to stay focused on your long-term goals and not get swayed by short-term market movements.
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• Nov 26, 2021 · 3 years ago
  So, you want to achieve the 90/90/90 rule in cryptocurrency investing, huh? Well, here's a strategy for you: HODL! Yes, that's right, hold on for dear life. This strategy involves buying a cryptocurrency and holding onto it for the long term, regardless of short-term price fluctuations. The idea is to believe in the potential of the cryptocurrency and its technology, and ride out the ups and downs of the market. Of course, this strategy requires careful research and choosing cryptocurrencies with strong fundamentals. But if you have the patience and conviction, HODLing can be a profitable strategy in the volatile world of cryptocurrencies. Another strategy is to follow the trend. Cryptocurrency markets are highly influenced by trends and market sentiment. By identifying and following the trends, you can potentially ride the wave and make profitable trades. However, it's important to do your own research and not blindly follow the crowd. Use technical analysis tools and indicators to identify trends and make informed decisions. Lastly, consider dollar-cost averaging. This strategy involves investing a fixed amount of money at regular intervals, regardless of the cryptocurrency's price. By doing so, you can take advantage of both high and low prices, averaging out your investment over time. This strategy helps mitigate the risk of buying at the peak and allows you to accumulate more cryptocurrencies when prices are low. Remember, these strategies come with their own risks and rewards. It's important to assess your risk tolerance and investment goals before implementing any strategy.
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• Nov 26, 2021 · 3 years ago
  One strategy that can help achieve the 90/90/90 rule in cryptocurrency investing is to leverage the power of decentralized finance (DeFi). DeFi platforms like BYDFi offer various opportunities to earn passive income and maximize your returns. You can participate in yield farming, liquidity mining, or staking to earn additional tokens or interest on your investments. However, it's important to do thorough research and understand the risks associated with DeFi before getting involved. Another strategy is to actively manage your portfolio based on market conditions. This involves regularly analyzing the market trends, news, and technical indicators to make informed decisions. You can adjust your portfolio allocation, take profits, or cut losses based on your analysis. However, be cautious of overtrading and ensure you have a solid understanding of technical analysis. Lastly, consider using stop-loss orders to protect your investments. A stop-loss order is an order placed with a cryptocurrency exchange to sell a specific cryptocurrency when it reaches a certain price. This helps limit your losses in case the market moves against your position. Set your stop-loss orders at a level that aligns with your risk tolerance and investment strategy. Remember, achieving the 90/90/90 rule requires a combination of strategic thinking, risk management, and adaptability to market conditions.
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