Popular cryptocurrency investor and market strategist Michael van de Pope updated his YouTube channel on how to get the most out of the ongoing cryptocurrency bull market cycle for subscribers.
Pope posted a new YouTube video, explaining how altcoin investors can take advantage of the ongoing bull market. Pope uses a’Dollar Cost Averaging (DCA)’ method in which investors regularly put small amounts of capital into selected assets. Advised to follow.
“If you invest in the DCA method, your horizons open a few years after that. With that approach, no matter what bull market comes up, you’re still going to start DCA (without any worries) or you’ll have very little “I’m also happy with the investment…while sticking to that position for years to come.”
Pope recommended the’swing trading’ method for investors who are interested in’short-term gains’. In this way, investors have a set of time each day and find a favorable entry point for high-risk, high-yield cryptocurrency assets. He also warned that shorter periods increase investment risk, so investors should adjust their quotas accordingly.
Pope says about Danta: “Currently you’re looking at the market with less vision, so your approach is different than when you’re trading in general. You have to work with preventing losses and making profits.”
He concluded the broadcast, predicting that Bitcoin will continue to hit the highest price. However, when it was withdrawn, it emphasized the risk level of 52,000 dollars.