What is the best bitcoin strategy
If by best, you mean a long term, low risk, high reward strategy, then below is my recommended strategy not only for bitcoin but for any investment.
- convince yourself about bitcoin for the long term by learning about it
- buy when possible and for the long term
- do not try to over optimise your buying price for an asset which you are investing with an expectation of 100+% gains per year
- for an asymmetrical asset, the entry point matters less and is very difficult to catch the bottoms
- do not speculate buying or selling
- do not trade
- do not use leverage
- sell when you need the funds in the real world and not to book profits
- altcoins are more speculative than bitcoin and cannot be treated as a long term store of value yet
- with altcoins you take far more risk for lesser reward in the long term vs bitcoin