Only use money that you can afford to lose for a long time
It is important to realize that when using Cryptotrader you will also have to deal with the so-called Bitcoin price cycle. This means that the price can drop significantly after you have started using the trader. In the event of a major dip, it can sometimes take up to 2.5 years for the price to recover. That is why it is important to only invest money in the trader that you can afford to lose for at least 3 years.
You only make a profit or loss when you sell
Many people constantly look at the Bitcoin price and say: “I have made … profit or … loss.” This is incorrect. You only make a profit or loss when you start selling Bitcoin. The trader will only start selling Bitcoin when a profit can be made, not before. That is why it is very important that you only trade with money that you can afford to lose for a long time. This allows you to determine the exit moment yourself and you run less risk of having to sell at a loss.
Advice: Never invest more than you can afford to lose. This applies to every investment. There is always risk.
You can actually make money with price dips
For the trader’s return, his price dips are ideal. After all, the trader will then buy the cheaper Bitcoin to sell them later at a higher price. Even in a falling market, the trader can still make a profit by selling the Bitcoin at a higher price with a profit every time the price has recovered a little. A good example is the year 2022, Bitcoin has fallen by 40% in that year. The trader has made a profit of more than 7% in that year. In rising markets, returns can amount to more than 50% per year. See also the historical yield of the trader.