Crypto Winter and Why You Should Pay Lesser Attention To ROI

We are in the crypto winter and many crypto traders’ ROI are possibly at their all-time low. The crypto market has lost about $2 trillion in the past seven months and many crypto traders are in the red. However, focusing just on return on investment (ROI) can distort your view of cryptocurrencies. In contrast to most typical investments, trading cryptocurrency necessitates a degree of adaptability in response to market changes.

Cryptocurrencies whether in crypto winter or not, do not offer fixed rewards or predictable outcomes. Because of the market’s unpredictable volatility, believing that you can make money at a given period is a bad idea. As the cryptocurrency market remains highly unpredictable, it is impossible to anticipate when it will become profitable or when it will decline in value. Professional traders, on the other hand, are acclimated to this volatility and adapt their trading schedules accordingly.

What you should do in the crypto winter

Accurate price projections are more important than return on investment (ROI), more so in the crypto winter. Using indicators, you can see more clearly where you might be able to get out. For instance, Take Profit tools are available on some trading platforms that will automatically close the position when the target price is met. Alternatively, you can visit a site such as Immediate Edge, which offers users everything they require to trade in an easy and secure manner.

The Immediate Edge platform aims to make cryptocurrency more accessible to the general public. This is important, especially now that we are in the crypto winter. Anyone, regardless of degree of trading experience, or wealth, will be able to take advantage of the amazing prospects the crypto market through the platform’s technologies and features. Immediate Edge gives access to sophisticated cryptocurrency trading software once you have opened a trading account. With this platform, you will be able to purchase and sell crypto in addition to a wide variety of altcoins. Automated crypto trading solutions are also available to traders through Immediate Edge.

Because of the volatility of the crypto market, it is vital to be more flexible with your timeframes. Whether during or after the crypto winter, you should trade following the market, rather than creating your own timelines. Prioritise risk management and realizing your gains in the crypto market over calculating your ROI. As a rule of thumb, experts recommend that you take profits from your trading once in a while. This is essential because it ensures that you don’t lose your initial capital.