Mastering The Mindset To Invest In Crypto -

The Ups and Downs of Cryptocurrencies are inevitable. If you want to stay long term, we’d like you to build a strong foundation through this mindset shared by Kavin Phongpandecha, Bitazza’s CEO in an AMA Session “Bitazza team and BTZ”. Watch the full session here. https://youtu.be/42AuG20k2CY

A majority of new traders aim to earn the most profit in the shortest time.
Of course, there is nothing wrong with that. We are here to inspire you with another way which starts from building a strong foundation.
Then we will see the market cycle, when to take profit and when to buy more.
Lastly, using technical tools and statistics to help indicate buying and selling points.

1. Trust in Digital Asset Fundamentals | Active rate: Low

All cryptocurrencies are built on blockchain technology to record and secure every transaction by bypassing middlemen and communicating through codes, which bring transparency and inclusiveness to financial transactions. Smart contracts are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.

These are facts. If we trust in technologies, then we can apply the same logic for long-term investment without worrying about small price waves or fluctuations.

2. Understand Investment Narratives | Active rate: Medium

Situations around the world and the global economy have an impact on all assets. For example, due to Covid-19, each country needed to protect and support its citizens. Many countries engaged in some form of quantitative easing (QE), a method of quickly increasing the domestic money supply and spurring economic activity. These assets flow throughout world economics and cryptocurrencies are also affected. A high BTC spike during Q1 of 2021 was evident.

Then Ethereum, a leading blockchain infrastructure (Layer 1) that is open-source for developers to build solutions upon such as DeFi projects including Compound, AAVE, UNISwap, and MakerDAO and other Layer 1 blockchains like Cardano, Solana soon had similar rallies.

GameFi and Metaverse related Cryptos, that combines decentralized finance (DeFi) features within games living on the blockchain like Axie Infinity (AXS SLP), The Sandbox (SAND), and Star Atlas on Solana soon followed.

3. Adapt Your Trading Strategy and Apply Technically Trading Strategies | Active rate: High

Apply Technical Trading Strategies
To identify trends, one should combine psychology and technical tools. For example, when the price goes up to a certain level, it’s common to sell and take profit. Mostly we see how the currencies move, and use indicators to find selling/buying points.

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