Unlike traditional stock markets, cryptocurrency trading never stops, making life difficult for investors by monitoring market fluctuations 24 hours a day, reducing risk and maintaining discipline throughout the year.
To remain active in the market, it is necessary to know how, when and in what to invest at the right times. According to digital influencer Investidor Modesto, who has about 30,000 subscribers to his YouTube channel and specializes in content about cryptocurrencies, understanding what’s behind the transactions is one of the first steps.
“Knowing well what assets you have in your portfolio and what it means for the crypto ecosystem is one way to get more results, in addition to ensuring greater security for your investments”it says.
The Youtuber, who has over 2.3 million views on his channel, reveals how investors who already own crypto can upgrade their business:
- In any case, try to keep a story behind an investment, if you open a position or make a purchase, understand why you did it and do not give reasons to go back because of an emotional intervention (fear, regret, uncertainty…)
- Study more! Enough to faithfully trust your acquaintance. Confidence in decision-making is the most important factor that determines an investor’s success.
- In the same way that the stock exchange trades shares in companies, the cryptocurrency market trades “cryptocurrencies” that represent certain projects. Maintaining well-researched projects and knowing what the asset in your portfolio means to the crypto ecosystem is a way to get more results and ensure more security for your investments.
- There is no secret to discover, or a single right way to invest. Those looking for one answer in the market are not even asking the right question, let alone getting the right answer. A phrase that defines very well what to look out for is “what to avoid in the financial market”.
- Know how to use intuition wisely, that is, a form of unconscious knowledge. The guesses made by the individual are generated in the unconscious part of the mind, through previous experiences. Intuition is the purest form of knowledge without emotional influence. Use it to your advantage.
Investidor Modesto is a partner of Phemex. The company is present in more than 200 countries and has experts who can also teach you more about the crypto market. Having knowledge is important not to get lost in the complexity of the scenario and especially to understand how to keep investing, even in difficult times.
With that in mind, the platform also compiled a list of investing considerations, this time focusing on recession scenarios. It is not necessary to stop the activity, but it is necessary to be careful and know where to use your money.
Checking out:
- Consider managed instruments such as mutual funds, index funds, and ETFs. These are portfolios of assets covering entire sectors, markets or indices. They are generally a more balanced choice compared to individual stocks.
- Consider investing excess cash in safe, low-risk instruments, such as a short-term fixed income fund. This is because money markets generate higher returns in an environment of high inflation and high interest rates.
- Consider equity investments in recession-resistant sectors. These are the companies that provide essential goods and services such as essential groceries, health care, technology, energy and water supply. These sectors will benefit from the price increase due to inflation.
- Consider investing in gold. Historically, it retains its value even in times of economic uncertainty.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
