Complement of the hour of the day to you all. I'm please to share with you on how long term goal may be achieve over a period of time. Follow me closely while i unveil the secret to us.
Long term goal
Long term goal is a plan made by an individual or group of persons to be accomplished in a future date. This plan might be buying of equipment, building of house, investing on Hive token/HBD etc. The long term goal can be something else and not limited to what is mentioned above. I believed investing in Crypto is one of the lucrative investment that can change ones life overnight, and this is where i have decided to start saving my cash for the long run achievements.
I discovered that buying of crypto now and holding it for 3 to 4 years can bring something huge and can change your entire life. People suffer for too long because they don't have the habit of saving at least 20% of the profit into future investment. If you should start investing 20% of your profit into buying of HIVE TOKEN today, in 5 year to come you should have made good money for yourself.
Understanding when to sell your Crypto Assets.
You can not just hold your Crypto assets for 5 years without looking at what the market is doing. Many persons don't know and understand the market chart or the Candlestick chart on when the market has overbought and when the market is at oversold region, but just buy at any time. If you buy an asset when the price is over bought and it crashes, you must be very patience and allow to market to come back to that point and when you see that you have made profit, you can sell off your Crypto asset.
The major problem we have here is; the market can remain undervalued for a very long time thereby making your long term goal not to be achieve. At the oversold region is the best time to buy and hold or go long the market. Becoming a sport trader using Binance exchange can profit you the more than someone who buys and hold for 5 years. If you can analyse the market charts by having full knowledge of price action, you stand the chance of gaining comparative advantage over the market. This is for you to know the support, oversold, double bottom and double top etc. You can still make use of indicators like the 50 moving average, 100, and the 200 moving averages.
Remember that this moving average can not just be used on its own but must be complemented with some candle stick formations. Note that the MA also lag in price movement that is the major reasons why price action should be taken very serious when investing or trading the Crypto market.
Having this knowledge now can really help you in the long run and help you to come out of poverty. I do much investing on Crypto that doesn't have good value now but holding it for 3 to 5 years, it can appreciate in value. You can also stake your Crypto to have returns.
Thank you for your time. Please i will like to hear your opinion on how you can achieve your long term goal while investing in Crypto currencies. Thank you.