Bitcoin is trading up today. The gains are slow but steady – and I like that. The frenzy of December until early February was not a good thing. Markets need to move for a reason other than buyer exuberance. The crypto market is real – there IS an underlying reason for certain coins to increase in price.

So to play this market effectively:

Don’t invest money you cannot afford to lose.

Plan to stay the course and ignore market volatility.

However, over time, if your position doubles or more, take some profit out to reduce your overall risk.

Don’t expect to become a millionaire overnight – take what the markets are willing to give you.

Even after all the recent bloodletting, I am personally up 65% – and I did not begin to trade cryptos until November of last year. With a little luck I will pull the last of my initial investments out of the market in the next month or so – then let the profits ride for a longer term.

 

 

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