In recent years, trading altcoins has attracted investors due to its volatility and profit potential. However, a crypto expert warns about the risks associated with using leverage.
Dangers of Leverage
Crypto expert van de Poppe emphasizes that using leverage when trading altcoins can lead to significant losses. "The key lesson I’ve learned: Avoid using leverage on altcoins," he stated, noting that these assets are already volatile enough.
Accumulation Strategy
Instead of trading with leverage, van de Poppe recommends investors to be patient and strategically accumulate assets. He advises buying altcoins when prices dip between 20% and 40%. According to him, the swings in altcoin prices are sufficient to yield gains without the need for borrowed capital.
Conclusion and Recommendations
Van de Poppe’s message stands out amid recent market fluctuations that have caused many retail investors to lose positions. He highlights that in the crypto world, survival often depends more on risk management than on aggressive speculation.
In conclusion, for successful altcoin trading, investors are advised to focus on long-term strategies and avoid excessive use of leverage.
