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RE: Age Of Abundance: The Basic Are Going To Be Very Inexpensive

in #future7 years ago

That's one of the biggest lessons I've learnt - don't try to trade...invest. You'll rarely beat the market, or a particular coin by jumping in and out - your timing must be exceptional, and your own time cost is high. Better to research (and get past the hype/BS), look for an opportunity to buy on a dip and HODL.

One of my biggest mistakes was to jump in/out of ETH, and the night before it went on its incredible bull run, mid-december, I'd bought at a low and set a sell order at a [what I thought] was a ridiculous high - to try and catch a spike in price). When I got up the next day, I'd sold, but it'd risen about another 10% over that. So I waited for it to come back down, so I could buy in at even a small loss. It kept on rising, and I completely missed the boat. I think I missed out on about 3x-ing my [small] investment, and it hurt like hell.

By the way...thank you so much for all the upvotes you've sent my way. You've really given my faith in the platform and reassurance that I'm going to thrive on the Steem network. Thanks!

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Not a problem @m-ssed-t

I am a believer in rewarding those who comment since I think it is central to this platform.

And here is a secret, if you look at the heavy hitters, all of them reward comments. It is only the small ones who do not.

As for ETH, I bought and held until it went to a point where I scaled back. I still have a bit of a position in it and so I am enjoying the run....I ll just let the rest ride.

You will thrive on this network there is no great secret to it...persistence and consistency is the key...and a bit of obsession/addition. LOL