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RE: Do You Really Know What DYOR Is?

in LeoFinance3 years ago

In reality, I think despite anyone's 'research', people are totally relying on this being a fairly new world in which we will slowly see gains as more people buy into the crypto world.

I personally shunt funds in and out of stable coins when I've made a little profit and then when I 'think' the market has temporarily bottomed, buy back in. Watch and repeat. Watch and repeat

I read little into white papers as they are nothing more than wanna do works of fiction written by techies who usually have very little business or financial acumen.

I often invest in shiny new things because the tendancy ia for people to get excited, lump in. Prices rise, incomes soar and then I quickly leave with a little profit when as soon as prices show the first signs of dropping and APRs fall. Something new will always be around the corner.

Other than that, I look for coins with tangible projects which are undoubtedly making progress and limit myself to a very small portfolio.

The space is so full of bullshit, dreamers and market manipulators that at the end of the day, it's complete guesswork. Don't even start me on people who use charts!

Treat it all as a game and never invest more than you can afford to lose. Old truths of traditional financial markets still apply where your portfolio ought to carry a majority of 'safe' investments, a lesser percentage of slightly riskier investments and a smattering of high risk for investments.

There is also the scattergun approach which had paid dividends for some people where you have a little bit of everything in the hope one of them takes off. The old style Fiat equivalent of this would be the oldstyle penny share investors!

I have no idea what I'm doing either though so don't beat yourself up lol ;-)

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Very sensible advice. I guess you are doing all right then. 😊 Best wishes.