AMA Monday: Your Questions Answered

💡Market cycles and bull runs are a normal part of Bitcoin's history. Understanding how they work can help in making more informed investment decisions.

🔒Security is crucial in the crypto space. Take precautions such as using cold wallets and reporting fraud to relevant authorities.

📈Altcoins can offer opportunities for profit, but it's important to consider the market trends and the project's potential before investing.

💰Taking profits is a personal decision based on individual circumstances. Consider your financial goals and risk tolerance when deciding when to sell.

❓There is a lot of uncertainty in the crypto market, and it's important to do thorough research and stay updated to make informed decisions.

What indicators do you use to determine if Bitcoin will continue to go up?

—I track the trend on the Money Line tool and sell when it flips bearish. I discuss this strategy in depth in my video guide.

When is the best time to take profits?

—It's best to take profits when you've made significant gains or doubled your initial investment. Consider your personal financial situation and goals.

Is it necessary to use a cold wallet as a beginner investor?

—Using a cold wallet is always recommended, regardless of the investment amount. It provides added security for your cryptocurrencies.

Can the FBI help recover stolen funds in the crypto space?

—You can report fraud and suspicious activity to relevant authorities, but recovering stolen funds can be challenging depending on the jurisdiction of the scammers.

What should I consider when investing in altcoins?

—Consider the trend on the Money Line tool, the market cap, and the project's potential. Do your own research and be aware of the risks.

00:00In this episode of AMA Monday, I answer questions submitted by viewers on my Instagram.

08:18I provide insights into all-time high price predictions, market cycles, altcoins, and security.

35:40I discuss profit-taking strategies and when to buy and sell cryptocurrencies based on market trends.

01:06:25I answer questions about cold wallets and recovering stolen funds in the crypto space.