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Author Topic: Don't be in a Rush  (Read 4657 times)

Offline milewilda

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Re: Don't be in a Rush
« Reply #90 on: June 02, 2024, 10:37:55 PM »

It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.

Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.

I do analysis when I have free time, this really takes time and focus.  Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding.  And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals.  This is the wrong investment process, because the risk is big and we can lose our money.
If you do saw that you dont have the enough time to make up some research because you are busy with your day job then it would really be that wise that you should really be
making up some focus when dealing up with the crypto investment that you are really that putting your money into. Its sad that there are those people who do end up on investing on meme coins rather than on focusing themselves on putting their money on Bitcoin. This is  why it would really be that somewhat important that you should really be doing your research first before
making any investment and never ever make yourself that getting too hyped if there's someone made out some investment and makes money. Nothing beats out
if you do make yourself stick on whats that mainly been supported by this community.

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Re: Don't be in a Rush
« Reply #90 on: June 02, 2024, 10:37:55 PM »

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Offline alltalk

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Re: Don't be in a Rush
« Reply #91 on: June 02, 2024, 11:25:25 PM »
I do analysis when I have free time, this really takes time and focus.
You actually don't need to do analysis whenever you have free time. Just do analysis if it is needed.   :D
Sure, analysis should take a lot of time. Moreover, if we analyze a bigger scope of a certain crypto coin. We don't only analyze the chart pattern, we also need to know the potential of the fundamentals. And we must update the information of the current issues on the coin. There are many things to be considered when we analyze a crypto coin.

Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding.
Even a long term holding also needs analysis but it doesn't need too often analysis. When we are holding a long term, we need to analyze the coin before we buy the coin. We need to know everything about the coin, we can consider how long to hold the coin from this analysis. And sometimes, we also need to check the progress, we don't only put on the wallet without monitoring the coin.

And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals.  This is the wrong investment process, because the risk is big and we can lose our money.
Sure, many beginners buy crypto coins because they follow the hype. It is not the right way for investment because they just choose random coins. And the beginners must have no idea about how long to hold the coin. They think the hype coin is for a long term holding, but it is just for a temporary holding. Never hold random coins for a long term, it is too risky!!

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