The 11 Pillars of Cryptocurrency Markets

This article is a collection of the some of the most important concepts that you should be aware of in Cryptocurrency Markets. The article aims to list these concepts and provide a top level overview of what they are and why each of these concepts is important. These concepts are applicable to other markets too, but they’re essential to be aware of as a new or existing crypto investor.

#11 — Timing is important, but not everything

Entering the market at the perfect time is virtually impossible, however, the importance of timing the market is relative to your strategy. Some trading strategies are more dependent on time than others while accumulation strategies, such as DCA (Dollar Cost Averaging) are completely agnostic to market timing.

#10— Picking a strategy (that works for you)

Entering the market without a strategy is like showing up to a race without a steering wheel. If the track is a smooth, straight line with no obstacles, you might actually make it, but that is never the case. So pick a strategy and choose how and when you enter and exit the market. On top of this, you need to figure out a strategy that you can easily fit into your life. Trading on 5 minute candles is probably more than what most people who are not professional day trades can take on. Or you could automate your strategy…