Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rashid pk on January 18, 2018, 06:35:45 AM
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
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Bad experience with my own greed ? Yes I have made that in real life & in the cryptoworld. To my luck it was with ridiculous low amount only.
Diversify your investment, be patient, only invest in stuff you understand, do your own research .... bla bla bla....
Boring, but that works to make more profit.
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Nothing beats doing your own research. Various books/videos about trading out there. Follow experience traders and learn from them as well. Join crypto communities (not pump and dump groups).
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
Take small positions.. never go more than 20-30% in alts .. biggest problem noobs make is going too heavy and too quickly with alts.. you need to be able to cost correct and you need to ladder down with purchase.. LEts say you wanted 500 NEO for example.. if you think its time to buy buy 10% of that.. if the price goes down 5% buy 20%.. if it drops 10% buy 40%... or whatever numbers you want.. you want to buy heavier the more it drops but be disciplined enough to not fomo into buying in green and disciplined enough to not fomo on red either.. ABC corrections in bear markets are tough.. the only way to win is to not participate unless its on your greedy terms.
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One of the most important rules to remember is to Buy Low and Sell High. This seems like a no-brainer, but often we're so eager to trade that we don't follow the sagest advice of all. Don't be over-eager, and wait for your moment. That is how many many millionaires made their millions.
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I think in this very volatile and sentimental crypto space, it is also important to be able to trust your gut feelings and intuition sometimes. TAs and DYOR are important but any piece of news can turn the market on it's head.
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
Take small positions.. never go more than 20-30% in alts .. biggest problem noobs make is going too heavy and too quickly with alts.. you need to be able to cost correct and you need to ladder down with purchase.. LEts say you wanted 500 NEO for example.. if you think its time to buy buy 10% of that.. if the price goes down 5% buy 20%.. if it drops 10% buy 40%... or whatever numbers you want.. you want to buy heavier the more it drops but be disciplined enough to not fomo into buying in green and disciplined enough to not fomo on red either.. ABC corrections in bear markets are tough.. the only way to win is to not participate unless its on your greedy terms.
thank a lot
it will help me a lot to invest in altcoin
i guess noobs will get an idea for future investment in altcoin
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
Take small positions.. never go more than 20-30% in alts .. biggest problem noobs make is going too heavy and too quickly with alts.. you need to be able to cost correct and you need to ladder down with purchase.. LEts say you wanted 500 NEO for example.. if you think its time to buy buy 10% of that.. if the price goes down 5% buy 20%.. if it drops 10% buy 40%... or whatever numbers you want.. you want to buy heavier the more it drops but be disciplined enough to not fomo into buying in green and disciplined enough to not fomo on red either.. ABC corrections in bear markets are tough.. the only way to win is to not participate unless its on your greedy terms.
Very valuable post, always remember this one!
I would like to add:
For "easier" trading, try to keep 50% in fiat (or Tether / Dai if you trust those; i do). Trading vs. fiat is easier since it's not wired to the BTC price. I made very good experiences with that tactic.
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One option to earn more is buying coins that support PoS technology. You will receive coins only for the fact that you have coins on your wallet. Interest for all are different, so you need to consider each option separately. As an example, you can look at Redcoin (RDD).
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We have all lost some precious and valuable coins before but I believe in the end we learnt our lessons. It is sometimes good to be greedy because it gives your the fighting spirit to always work for more - the more reason to become rich.
Always make sure you invest in well established coins with large market cap like BTC, ETH, LTC, EOS etc. It is also helpful to seek the counsel of experts if you are not well vexed with cryptocurrencies investment to help you with update and how to go by the coin graph timing.
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The only possibility not to lose value during the last months was not to have skin in the game in the first place...true for some but not really a fulfilling answer in the long run. It's ofc very likely that if you entered the market while BTC was around 20.000$, you may never again reach break even but those were not "normal" times, imho. Now the market is much more real and i assume the volatility is down....instead of silver bullets it is now going to be, like in the stock market, about a good basket of single coins - some may become quite valuable if the project they are connected with becomes a hit after all. ;)
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You can get more profit by investing in CRYPTOCURRENCY or taking part in bounty campaigns
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
Take small positions.. never go more than 20-30% in alts .. biggest problem noobs make is going too heavy and too quickly with alts.. you need to be able to cost correct and you need to ladder down with purchase.. LEts say you wanted 500 NEO for example.. if you think its time to buy buy 10% of that.. if the price goes down 5% buy 20%.. if it drops 10% buy 40%... or whatever numbers you want.. you want to buy heavier the more it drops but be disciplined enough to not fomo into buying in green and disciplined enough to not fomo on red either.. ABC corrections in bear markets are tough.. the only way to win is to not participate unless its on your greedy terms.
Thanks bro for this! It is a great help for me because I have a plan to be a trader or investor.
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
Take small positions.. never go more than 20-30% in alts .. biggest problem noobs make is going too heavy and too quickly with alts.. you need to be able to cost correct and you need to ladder down with purchase.. LEts say you wanted 500 NEO for example.. if you think its time to buy buy 10% of that.. if the price goes down 5% buy 20%.. if it drops 10% buy 40%... or whatever numbers you want.. you want to buy heavier the more it drops but be disciplined enough to not fomo into buying in green and disciplined enough to not fomo on red either.. ABC corrections in bear markets are tough.. the only way to win is to not participate unless its on your greedy terms.
This is really great, thanks for share your opinion, I think your idea help all of us.
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People always greed. Yes, I am one of them.
Recently, i lost some of my bitcon because i want more instead of holding bitcoin. so i buy altcoin but not top 10 altcoin.
Would you like to share your experience?
It not good to be greedy in what ever situation , if you want to make more profit in cryptos, the best bet is to invest heavily on many good projects. Spreed your investment on 3-4 good projects and the profit will begin to rollout in few years to come. The key to this kind of investment is just exercise little patience .
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I have heard from other that give an advice, he says the successful person on earth is a reader. I guess it can help one of us here to read more is to come near to success. Profit will fall in us.
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Greed as well cost me some profits. I did not sell when it was up thinking it can still go higher but I ended up selling at a loss.
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Make it experience and trading requires patience and accuracy in buying coin as a long term investment. I always see the coin I choose from the volome coin.
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Don't target the high tide of yours. Let the time cultivate you by your experienced and high tide will be next with you. That will be given in your run in crypto.