@whatageek here with some solid investment advice. If you follow this one rule you can always do well in the market regardless of the coin. You just have to remember that any coin will do one of these three things when it comes to the market.
1.) It Might Go Up
If this is the case then you are best to hold (or hodl as the cool kids say) or buy some more. When the go goes up you sell it before it goes down. Boom, profit,
2.) It Might Go Down
If this is the case you want to sell the coin before and then buy it back when it gets low. Make sure you buy it before it goes too low.
3.) It Might Stay The Same
If this happens do nothing. Done.
All kidding aside be careful with your money, literally anything can happen in this market so be ready to lose big if the day comes.
This is actuallly very good advice. Especially "careful with your money, literally anything can happen in this market so be ready to lose big if the day comes."
These are really nice advices. Maximum people don’t know at which point they will sell their coins to take the maximum benefit. They wait till the peak but when it starts to decrease, the are unable to catch it. So, better not to greedy and learn when to sell. Thanks for your nice topic.
It's good to be prepared for the worst it's true... but man oh man is there a lot to be gained if things work out even a tenth as well as many of us expect.
Of course it is easier said than done. lol. The most difficult thing for a non-trader like myself is usually: when to sell? Sometimes the decision to buy is pretty simple, you see the coin down and then you buy. But the selling part is usually the most difficult one, for me. Coz you don't know if the coin might go up some more or when it slightly falls you think it's just temporary and it's gonna go up again lol. Then it falls some more. Gotta love the HODL game.
Using instinct is what I gather from your post. Good advice actually.
If its going up, at what point do you sell?
If you sold Bitcoin at $1000, and it went to $20,000. Not good.
If you bought bitcoin at 15,000 when it dropped from 20,000 but here we are at 8k. Hard times to know what to do.
Nice point here :), I would have add DYOR don't forget everybody try to pump their holdings.
Congratulations friend very good information, are topics that we must consider before investing our money, thanks for sharing, greetings from Venezuela!!!
Thank you bro for this advice. We have to me more careful in this market because here its happen every thing in a while.
thanks for the hint. fluctuating coin prices do make it all the way 🙏
its super post,,advice is very importent
Right, this is exactly what I do. Buy high, sell low. Solid. Great. Onwards to financial freedom!
As I learned many years ago in investing in stocks : Do not put in money that you cannot afford to lose. PERIOD.
Thanks for your post @whatageek
excellent contribution friend continues like this and you will get very far greetings