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RE: Don't be like Bill.

in #bitcoin7 years ago

For me there is a simple rule how you can save yourself from selling after 95% lost: Never Never Never ever buy with money you can't spare. Thanks for that high quality article. I love it if you compare history with presence.

Keep going!

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That is very good advice. If you are already using money you can afford to lose, likely no chance you lock in a 95% loss.

Exactly. That's the Point. Good conclusion!

Exactly, and never sell at a loss, especially if that loss is massive. Might as well hold to the end at that point.

Great Advice! Any long term holdings should be money you are willing to lose 100%. All these people selling are either traders or the ones that put too much money in crypto. If you believe in the tech, just hold. Otherwise, trade and buy back at lower prices. Though, if you are new to trading that'll be hard. I don't advise anyone to trade unless they want to learn to trade professionally. Almost all new traders lose money. Takes years to develop the skills needed to be profitable. Crypto is a good time to start learning though ONLY after the bear trend ends.

JRcrypto


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