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RE: Cryptocurrency downtrend continues...

in #busy7 years ago

for sure, you have to speculate to accumulate as they say, nothing ventured nothing gained...

I don't mean you in particular but most people take too big a risk. The vast majority of people I've asked say they'll hold their crypto all the way down to zero !

The reason rich people are rich is because they understand risk and reward,and if something is losing them money they cut it dead and move on to the next opportunity. In crypto that might mean selling coins for a small loss that are costing you money in order to buy more coins that are going up in value that will make you 10 times the money.

I know we've spoken about this before and I understand your approach to crypto is very holistic and wholesome (like mine), so I don't mean to direct my comments at you. I think you're one of the very few sensible people I've spoken to about crypto, most people are just dumb...