Boom! That's the spirit; playing the long-term game is more profitable. Truth is many successful crypto investors today are those who got into BTC in its early days and then they did hodl onto their assets.
Another newbie advice, learn not to FOMO into buying coins but always take time to consider many factors before investing. Equally, dips seem to be a good buying period.
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A very good advice but when investing it must be a project you know almost everything about and comfortable with because change in price have it way of changing our mind
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Rightly said! Carrying out proper research is necessary before investing and also a liking must be developed for the project. That way, price fluctuations won't really bother you.
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100 percent agreed. One of the factors could be the use cases of the coin and whether there are possibilities for the project to grow in multi-directions or even if single directed then if the team is capable-of/dedicated-to continuous development.
Another factor could be to understand what they are offering is going to last in the long run or...
Anyways, again agree that not every coin is worth investing.
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Very correct! Not all projects are worth staking your money into. Some projects will crash while some may be abandoned.
Still to add to the factors to put into consideration are;
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Well said, couldn't agree more.
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Great point! Sometimes it's hard to deal with FOMO but it's important that we learn how to navigate it
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FOMOing is a sign that a trader doesn't understand the basics of trading.
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