BTC’s All-Time High on LUNO Malaysia: Time to Dive In or Sit Tight?

Alright, Malaysia—today’s BTC news on our LUNO platform is pretty exciting:

Bitcoin has just hit an all-time high of RM350,000 on LUNO Malaysia.

It’s hard not to feel the thrill, right? Such news can make you feel like you’re on the edge of something big. And let’s face it, with crypto, it’s always a bit of a rollercoaster ride. One day you’re on top, and the next, you’re wondering what has just happened.

It’s the nature of crypto: incredibly volatile and unpredictable.

No one can really say what’s coming next, which is why it’s so captivating—and, let’s be honest, a little nerve-wracking too!

Now, if you’re thinking about jumping into this market, here’s my two cents on LUNO Malaysia as a platform. In my view, LUNO Malaysia is really geared more toward crypto investing rather than trading.

Why do I say that?

For starters, it’s a straightforward platform with a simple, user-friendly layout, which is perfect if you’re looking to buy and hold your assets without constant monitoring. It doesn’t flood you with an overwhelming list of altcoins, which can be a blessing if you’re trying to stick to top stable coin like BTC or ETH. IMHO, that approach makes it ideal for long-term investors rather than day traders who want to jump in and out of multiple coins.

Another option that’s gaining traction on platforms like LUNO Malaysia is staking.

It’s a way where you can earn rewards by holding certain cryptocurrencies in your account. Think of staking as a way to “put your crypto to work” while you hold it—almost like earning interest. LUNO Malaysia recently introduced staking for coins like ETH, ADA and SOL, which allows investors to earn rewards simply by keeping their coins in their wallet for a specified period.

The way I see it, it’s a great choice if you’re looking to grow your investment passively without the pressure of daily trading. Just remember, like all things crypto, staking comes with risks too, so make sure to do your research before committing your hard earned moolah.

Also, with LUNO, you’re not exactly dealing with the day-to-day trading features that a full time trader (FTT) might crave. But for the average Malaysian looking to invest in crypto, I’d say that it got what you need without overcomplicating things. You can buy, hold, and keep an eye on your investments without being glued to the screen 24/7.

Yes, the platform comes with notification feature (does that answer your question?). Just turn it on in the setting and you’re good to go. Make sure you didn’t miss it when it does turn up. I’m not sure whether you can set the tune to ‘kaching-kaching’ sounds though. Worth checking out…

So, if you’re more about the “buy and hold” or rather “HODL” (hold on to dear life) strategy, this might be just the platform for you.

And if you’re wondering about how I see investing with LUNO Malaysia and what you should consider before jumping into the market, I’ve shared a few pointers that might help you get started. Check out my previous write-up here.

For my 'near full', and bias review (affiliate link inserted, so make sure you read my Disclaimer page before you click it. Seriously.) of using LUNO for Malaysian, do click this link.

So, what do you think? Ready to get on board, or just watching the numbers for now?

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