Indonesia is one of those countries that have witnessed significant growth in their crypto market this year. Being the largest digital asset in Southeast Asia, the country is also dealing with various cryptocurrencies to expand its crypto market. People are also showing keen interest in trading by keeping themselves updated with crypto currency prices and trading strategies. 

Crypto strategy is your strategy or approach on how you trade different cryptocurrencies, keeping in mind the rules and regulations of crypto. A right crypto strategy is needed to help traders identify the right cryptocurrency for them and understand the crypto market and how to invest while maintaining a good profit margin.

As the Indonesian crypto market is expanding rapidly, new regulations are also being implemented in the country to safeguard traders’ interests. With new regulations being adopted, a wise crypto strategy is a must.

Here are some of the best crypto trading strategies you need to know to establish and maintain your place in the Indonesian crypto market:

HodLing (Hold on for Dear Life)

• HodLing is a long-term crypto strategy.
• When any cryptocurrency has a long-term potential, then traders hold cryptocurrency for a long time to benefit in future.
• In this strategy, traders do not sell cryptocurrency when the market is going down.
• When the crypto market is fluctuating a lot or becomes too volatile, then it is advised to adopt the HodLing strategy.
• With this crypto strategy, traders can benefit in the long term if the value of cryptocurrency increases over time. 
• Adapting this strategy helps to avoid frequent crypto market fluctuations and reduces trading fees, which are required in regular trading.

This strategy requires holding cryptocurrency over a long period, so there are chances for you to miss any potential trading opportunities. It also limits your ability to adapt to the changes in the crypto market. If the cryptocurrency drops over time, then you may have to suffer more losses.  

HodLing strategy is ideal for those traders who want to trade on a long term with low risks and want to avoid the fluctuations of the crypto market.

Day Trading

• Day trading strategy, also known as intraday, is trading crypto daily. 
• In this crypto strategy, traders make different cryptocurrency trades in one day to gain profit from temporary crypto price fluctuations. 
• This crypto trading allows flexibility to trade anytime, anywhere, with a quick return.
• In this strategy, traders trade the assets with high liquidity.
• With the day trading strategy, you get thousands of dollars as profit if you trade wisely.

The day trading strategy is ideal for crypto traders:

• Who are experts in monitoring the crypto market with a significant focus and time.
• Who can make quick decisions to gain profit.
•  Who have solid risk management strategies as the volatile crypto market that gives profit can also lead to loss if not handled carefully. 

Swing Trading

• Swing trading is a strategy in which traders hold crypto assets for a few days to profit from smaller crypto swings.
• This strategy helps you to get an idea of the crypto market in a few days and can give you new profitable trading opportunities.
• This crypto trading strategy is usually adopted by traders when they want to gain profit from short-term market fluctuations.

Swing trading is ideal for those traders who are trading frequently and want to analyze the crypto market for a few days or weeks and then trade.

Dollar Cost Averaging (DCA)

• In Dollar Cost Averaging, traders divide the total amount that they want to invest and then invest that amount in regular intervals, regardless of the current situation of the crypto market.
• Traders just trade the amount they have fixed at regular time intervals, whether the crypto market is going up or down.
• This strategy can help you get a good profit if you are investing at a time when the crypto market is going up.
• DCA strategy can also help you to buy cryptocurrency at lower prices. 
• It lowers the average amount you spend on investments.

 When adapting DCA strategy:

• If the crypto prices are  continuously going up, then investors may end up buying a few shares.
• If the crypto prices are continuously going down, and the investors keep on buying, however, it was a better to stop and wait for prices to become stable.

Dollar cost averaging can be an ideal strategy for long-term traders who want to invest on a regular basis, as it demands consistent investment. It can also be helpful for beginner traders who want to invest small amounts at regular intervals.

How to Choose the Right Crypto Strategy?

To choose the right crypto trading strategy, it’s important to:

• Know the basics of every crypto trading strategy, know how each strategy works and what will be the results if you adapt it. 
• Know what are the current market trends of that crypto strategy, will it go with your situation? Check the latest news related to that strategy. 
• See what people are saying about their experiences when they adopted that crypto strategy. 
• Check the pros and cons and risks associated with that strategy in detail, and know the risk management of that strategy in advance. 

Before choosing any crypto strategy, you must gain all the knowledge on that particular strategy. While doing trading in the diverse crypto market of Indonesia, remember to keep yourself updated with any regulations of BAPPEBTI. Always follow the rules of any particular crypto trading strategy to get your desired results.