Topic: How to HODL the right way (Read 569 times)
This is definitely a good advice for cryptocurrency investors but most people, when price plummets, they tend to panic and sell off most of their tokens at a loss. They do not want to hold their tokens. That's why you need to make research on the token you are holding as it should be the right tokens and also, invest what you can afford to lose
That’s good amount of knowledge, especially for beginner. I think these are the points where we or investors make mistakes and lose their money. We should never invest more than what we cannot afford to lose. This can even risk the fulfillment of our basic needs. The FOMO and FUD are other concepts that add to our losses. Therefore these should be carefully tackled.
In my opinion the best way to make handsome money from crypto investment is to split your investment in different coins. So if one loses other will recover and you will remain constant, no lose no gains. If you cannot trade then it is easy to hold your coins for long time. Crypto investment will never give you profit in short time and that is enough for long time holding.
For me before you hodl, make sure that you have enough resources to sustain you daily and necessary needs. Because if you will start hodling and sooner or later your resources almost consumed then you will have no choice but to use your hodlings. That is why it is very important to have some preparation before you hodl.
This must be a pre active strategy. People often chose hold over trade but majority of the times they don’t plan for it. Simple is, they don’t want to do hard work in something so they start holding for long time. But before doing that, you must know things are under your concern. You must have some extra money for your daily needs. Only then this holding can output something better. 
There is nothing as a right way to hold. While the asset is being hold for long term the user should be careful with the security of the asset. Apart from this it is good to involve into trading practice that could get a earning, and in the meantime it'll also support the circulation of the assets.
The best way to hold the right way is to know what you are dealing with and to study the market. It takes appropriate timing to determine the best time to buy, hold, and sell. While the market is down, it can be taken into advantage to buy more coins, hold them while waiting for the value to bounce back. In this way, it can also help reduce risks, big losses, and gain huge returns. 
There is nothing as a right way to hold. While the asset is being hold for long term the user should be careful with the security of the asset. Apart from this it is good to involve into trading practice that could get a earning, and in the meantime it'll also support the circulation of the assets.
the best way to hold the coins is to sell the coins when we see the profits it is better to sell the coins when the coin earn 60 percent growth or more than that and hold rest of the coins
60% percent is already a high percentage so selling your coins at that moment would be very ideal to think.Hodling does not mean also that you are going to keep your coins for a very long time.If you spotted that the price has already increased even half percentage from the price you bought it,sell it already because after all,your goal is to aim big profits.
In my oppinion you should check your coins more rarely
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think you should not hold on to this point, you can see that the market is showing signs of recovery but in the long term, bitcoin prices are still in the long-term downtrend so bitcoin prices can continue to decline sharply at any time. So I think that this time you should only short-term investment in bitcoin and not long-term hold the risk will be very high. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
the best way to hold the coins is to sell the coins when we see the profits it is better to sell the coins when the coin earn 60 percent growth or more than that and hold rest of the coins
Actually this is a good advice and a big help also for those who lacks of knowledge , specifically to those who can't control their emotions when there's a bad scenario happen . But unfortunately opposite always happened nowadays which is they 're always panicking and ignore this kind of advice ,and always regrets as well. to be honest mate this advice will become useless because people nowadays are always struggled when it comes to controlling emotions.
as for those people who are in panic and having a lack of knowledge I can say that it is always harder to apply the knowledge that you have them to act like you're used to do.
OptiToken gonna open around $6 or $7 on C2CX
Thank you for tips. I've got some tip for a long time, but sometime I can't control own emotion, and,...
And you lose.
Think of it like having a good card at a poker table and waving it around smiling so that everyone knows. If you let your emotions control you, you'll get fucked. It works in every aspect of life. Let a newly met girl know you're totally in love and she'll take advantage of you, make you pay for everything for a while and get bored quickly. Let a seller know you love the merchandise and he'll bring the price up.
Whenever you lose faith, do the math. Read about the asset, think of points for and against selling, watch some smart people on youtube like Andreas Antonopoulos, Barry Silbert, Tom Lee, and others.
Well, you pointed out very important psychological problems of traders - fear and greed. No matter what market it is, traders always fear a loss (or fear of not taking the profit), and greed in chasing distant take profits. Your mentor gave you great pieces of advice - have you been successful in the cryptocurrency market? 
For me, I hold it when the price is low and sell it when the price raise 
haha ... you say the most difficult thing to do by a trader.but you say this easily. read back your post and I laugh reading it. thanks.
Absolutely yes your thoughts are correct. Buy a coin that has a possibility to increase someday and trusted too. Because of so many coin you need to be wise in choosing a coin to invest and hold.
The wisdom comes with the knowledge you have about the space since there is no way you will be making good decisions without it anyway. Holding will work in favor of us only when the entire crypto market is into positive trends. For example, people who are holding from last November month, definitely will not have positive results.With the HODL strategy, you will not have to worry about what anyone is saying about the current situations in the market and you just know that in the long term, with a very huge demand for it, it is definite to see it go huge and that is certainly what you are looking forward to. With this, it makes it easy to find very strong potential coins or tokens that would be an easy hold.
Thank you for tips. I've got some tip for a long time, but sometime I can't control own emotion, and,...
For us a good way we can get more profit, I think you can buy the price now, because now the price is still low, so you can profit in some future time with a higher price.
For me, I hold it when the price is low and sell it when the price raise
Greed is bane in this game .
Once we allow greed to overwhelm us , we most times end up HODLing for long.
Like my mentor use to say , Green candles are meant to test your greed while red candles are meant to test Patience.
Once we allow greed to overwhelm us , we most times end up HODLing for long.
Like my mentor use to say , Green candles are meant to test your greed while red candles are meant to test Patience.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think you should not hold any coin at this point, it can be seen that the market is constantly fluctuating and difficult to predict, bitcoin prices are constantly adjusting and can decrease at any time. You can believe that bitcoin prices will be able to recover but it will be very long. According to my analysis, bitcoin prices will probably continue to fall until 2018 so you should not hold. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think we can hold it in our wallet and we never tempting to sell if the price does not increase so high. maybe we can sell if the price has a good progress for more than 30% so we can make a good profit. I prefer to hold for a long time because, in the future, every coins price can increase higher so it means we can make a lot of profit from the coins.
having careful thing while you are attempting to hold it on your wallet could be your choice to be while you are here in this currency , this is such thing that you may ever have to hold it right but most of it is you can also have to invest it in a best currency that you may also have to choose for while you are holding it there is a possibility of gaining some in the future. FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
the key to fear while holding your Altcoin is here, FOMO, FUD, and GREED.
but if you try to avoid these three points maybe you will avoid the name of lost money (Bitcoin).
If you do not have much time, do not have the knowledge of investing, then you wait and check before you invest 1 month market has gone down how many percent. If the market drops sharply then it is time for you to buy. But you should only buy 50% of your money. If the market continues to go down then you keep buying and keep them until the price goes up.
I think we can hold it in our wallet and we never tempting to sell if the price does not increase so high. maybe we can sell if the price has a good progress for more than 30% so we can make a good profit. I prefer to hold for a long time because, in the future, every coins price can increase higher so it means we can make a lot of profit from the coins.
HODL, an intentional typo of "hold," has become the rallying cry for cryptocurrency traders in the face of this recent Bitcoin crash, which has extended to other popular coins like Ethereum and Litecoin.
It's an instruction for traders to, um, "hold" their Bitcoin instead of selling it.
It's an instruction for traders to, um, "hold" their Bitcoin instead of selling it.
Though I was a pro holder but the situations wont be in your side all the time so I suggest people to sell some when the token gets to their all time high values equal to BTC. Dont sell everything at once. If it comes down then dont worry, keep on Hodling.
The method I use most often is to buy a few potential altcoins on the big exchange and then send altcoins on my MEW wallet. And I only watch the price of the crypto market once a month. If my altcoin is increased by more than 70%, then I will decide to sell all and buy other altcoins
You are going well with this strategy and it seems your results are quite satisfactory because your confident talk is evident of it. But brother, don’t you think only investing or trading with altcoin gives you so little money as profit? Don’t you like to get bigger profit ratio at once and in very short time with better results? So get into bitcoin world and make good income for you. 
For me before you hodl, make sure that you have enough resources to sustain you daily and necessary needs. Because if you will start hodling and sooner or later your resources almost consumed then you will have no choice but to use your hodlings. That is why it is very important to have some preparation before you hodl.
Always invest the money you wouldnt afraid to lose. Its like giving away your money to them for free and when the time comes that the market rise up, they will give you the same money for free. If you always think that you doesnt wanted to lose on investment , then that would make you stressed out.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
awesome..
I trading is all about the strategies if you have good strategy then you are a good trader and the strategy must depend on the market conditions if market is down and price of altcoins and bitcoin low than the best thing is to buy more coins from depth and hold the already bought because market situation become down that is why you can get good strategy but according to the strategy,
I think the proper or right way to hold an investment or coin is hold it when the value of it,
in the market cant makes you profitable because it have a low amount or value to be offered to the investors.
in the market cant makes you profitable because it have a low amount or value to be offered to the investors.
Nice one buddy , you made good points.
Like my mentor use to say:
* GREED is bane in trading
* Green candle is meant to test your greed while,
* Red candles are meant to test your patience.
Without good risk management and focused strtegy in trading, we tend to be overwhelmed with greed as long as see those long green candles.
Like my mentor use to say:
* GREED is bane in trading
* Green candle is meant to test your greed while,
* Red candles are meant to test your patience.
Without good risk management and focused strtegy in trading, we tend to be overwhelmed with greed as long as see those long green candles.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think that at this point you should not continue to hold, you can see that although bitcoin prices are showing signs of a slight recovery but the recovery force is very weak and the bitcoin price can drop sharply at any time. . The market is in the downtrend stage so I think the bitcoin price will continue to fall deep, if you hold then you are likely to suffer heavy losses are huge. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
awesome..
Hodling does not need a guide, that is as simple as Just Hodl in theory, but in practice it can be like trading since following a simple rule is not easy in the life.
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Yeah if you want to hold, it's better to forget it for a year or a months that you want, then comeback again after the day you target , hold is not simple thing to do because panic selling is always on the other side that's why it's better to forget your coin in a while.
In the situation of the market today, the best thing to do is just to hold right now and forget about the market, because you just might get confused about your decision if you keep on looking at the market prices.
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Yeah if you want to hold, it's better to forget it for a year or a months that you want, then comeback again after the day you target , hold is not simple thing to do because panic selling is always on the other side that's why it's better to forget your coin in a while.
In the situation of the market today, the best thing to do is just to hold right now and forget about the market, because you just might get confused about your decision if you keep on looking at the market prices.
Absolutely yes your thoughts are correct. Buy a coin that has a possibility to increase someday and trusted too. Because of so many coin you need to be wise in choosing a coin to invest and hold.
Right that market is full of coins but choosing the best among them needs experience and knowledge, before buying some coins try to read the market, see the price graph of every coin then buy, don’t choose the highly expensive coin but the one most of promising, trusted and low price coin as it will give your more profit than the high price and low demand coin, it is good to buy bitcoin now a day because it is at high demand in the market, buy now and hold with patience in your bitcoin wallet safely. FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
Emotions can really be hard to control when you see yourself you had lost an opportunity to profit.
I was up to buy NEO today after seeing the market had green, price of NEO was just $32 today before it goes $37, I'm surpise that it suddenly grow after just an hour while my deposit transaction weren't confirmed yet. I decided not to buy instead unless it dips back to about $34 or so. This I think I have controled my emotion.
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
Absolutely yes your thoughts are correct. Buy a coin that has a possibility to increase someday and trusted too. Because of so many coin you need to be wise in choosing a coin to invest and hold.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
definetly this is a good intention bro,that we dont want to loosing money,intend that we have an own idea in making our investment,not much affected this crisis happen in cryptocurrency investment,thats why we have different idea in holding our crypto investment,but otherwise this loosing is part in ways of investing,especialy in this risky crypto investment,because you cannot gain if you have no pain,therefore in order to gain a good profit we must gamble sometimes of loosing in order to gain a good earning.
That’s good amount of knowledge, especially for beginner. I think these are the points where we or investors make mistakes and lose their money. We should never invest more than what we cannot afford to lose. This can even risk the fulfillment of our basic needs. The FOMO and FUD are other concepts that add to our losses. Therefore these should be carefully tackled.
Yeah I agree with you, all of us don't want to lose our money but you need to remember that losing money is part of crypto that's why you should invest the money you are afford to lose.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think that at this time it is very suitable for you to buy and hold coin, the market is showing signs of recovery after bitcoin adjustment and start to recover, there are lots of good coin and in this July there are There are so many big events so the price can pump well.1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think you should buy coin: DGD, SC, ADA, ICX ... the top ten and very potential.
Great strategy by OP. But in the current market trend, it's basically pointless. Anybody who was hodling since the last bull run till now should be in deep losses. For me, I follow simple principles ~ buy low, sell high & When in profit, sell and never look back or feel nostalgic. So during the last bull run, I sold most of my portfolio and converted to fiat. Now I'm putting it back to crypto bit by bit.
The method I use most often is to buy a few potential altcoins on the big exchange and then send altcoins on my MEW wallet. And I only watch the price of the crypto market once a month. If my altcoin is increased by more than 70%, then I will decide to sell all and buy other altcoins
That’s good amount of knowledge, especially for beginner. I think these are the points where we or investors make mistakes and lose their money. We should never invest more than what we cannot afford to lose. This can even risk the fulfillment of our basic needs. The FOMO and FUD are other concepts that add to our losses. Therefore these should be carefully tackled.
I like the concept of FOMO because most of the time, it happens in a trader. We always want to ride in a trend and like what you have said, its the nature of human. Fear of missing out leads to a loss, if we want to avoid it, we should always keep updated to the coin we want to buy and if we missed the train, do not run to it and better to wait for the next one.
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Yeah if you want to hold, it's better to forget it for a year or a months that you want, then comeback again after the day you target , hold is not simple thing to do because panic selling is always on the other side that's why it's better to forget your coin in a while.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I believe that with a market that is knitting constantly and is hard to guess at the present time, you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and adjusting in Very large trading volume, the market is bearish in the long term, so the risk hold will be very high. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think the ball should not be long-term investment at this point, you can see that bitcoin prices are constantly changing and difficult to guess, so in order to successfully trade you need to trade short-term day. The market is bearish in the long run so trade should be close to bitcoin prices and should not be a long-term investment at this time. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think that at this point you should not invest long term, the market is fluctuating continuously and bitcoin prices are adjusting very hard to guess. According to my analysis, the current price of bitcoin is at $ 7700 and will probably increase slightly before continuing to adjust to the new milestone. The market is bearish in the long run as long-term trading is very difficult at this time and the risk is very high.1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think that at this point you should not invest long term, the market is fluctuating continuously and bitcoin prices are adjusting very hard to guess. According to my analysis, the current price of bitcoin is at $ 7700 and will probably increase slightly before continuing to adjust to the new milestone. The market is bearish in the long run as long-term trading is very difficult at this time and the risk is very high. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
the best way to hold is that you have to be very patient to be unaffected by market conditions, because I see many traders being affected by the price in the market, bitcoin trading must know its trick to get a lot of quench.
This is not a exact prediction but we must know the market dump and pump so we should hold for certain period then sell to right time. But many long term investors are just hold for more than one or two years it is make big success in future. This is more than enough to maintain our investment and some peoples are always exchanging to some other altcoins it is make profit but little risk so we hold for single investment this is good for the long term.
I don't think previous experience in trading have big impact on the success in the crypto because it is very different market having different dynamcis which probably have not been seen before, also putting 5-10% in crypto is absolutely nonsense if you know well what you are doing in crypto.
Not necessarily the experience they have now is meaningless, I think many people with analytical skills are still earning so much because they have their own analysis. I think in the future, prices of atlcoin will increase so keep holding do not worry and rush. He will succeed
If you had follow the rules in trading,it will save you from future loss.All the traders will lose some dollars at some points due to the emotion.Don't allow you emotion to get into trading.Even a experience traders will lose due to emotion .If you try with 10%,you loss percentage is low.Incase you are force to lose.
I'm just going to give my 2 cents on how to HODL the right way.
The right way for me is taking the path of no return, I'll explain.
Say you want to hodl 2 Bitcoins for at least one year.
Just put them into a timelocked transaction that won't expire before one year has passed.
Whatever the price does, you won't be able to do anything until you've waited a year.
The right way for me is taking the path of no return, I'll explain.
Say you want to hodl 2 Bitcoins for at least one year.
Just put them into a timelocked transaction that won't expire before one year has passed.
Whatever the price does, you won't be able to do anything until you've waited a year.
Everyone could have their own way of holding so I guess there won't be a real right way of holding. What matters here is that the way we chose will be comfortable and of course profitable for us. We don't have the same amount of assets so there will be people who can afford allotting money for investment and hold for profit, and the rest would rely on the received payments or accumulated earnings and then hold. Of course the bigger amount you hold the bigger profit you can gain as well as the bigger you can lose.
Your Bloc:-
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us Grin If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Angry Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
My Bloc:Teddings are a strange thing in the Kippo World, who have been working on it for a long time, they are the owner of the millions and those who do not yet have any idea about TEDD, I will tell them that before you technically Enilees, then you can not understand Konna Technik Enilees. I am very much convinced and those who use Technik Enilees, I will tell you for a long time. If Ted was very good and more than 3 months without pophita asabeapanara egulotei pauphata you will be 70-80%.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us Grin If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Angry Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
My Bloc:Teddings are a strange thing in the Kippo World, who have been working on it for a long time, they are the owner of the millions and those who do not yet have any idea about TEDD, I will tell them that before you technically Enilees, then you can not understand Konna Technik Enilees. I am very much convinced and those who use Technik Enilees, I will tell you for a long time. If Ted was very good and more than 3 months without pophita asabeapanara egulotei pauphata you will be 70-80%.
I don't think previous experience in trading have big impact on the success in the crypto because it is very different market having different dynamcis which probably have not been seen before, also putting 5-10% in crypto is absolutely nonsense if you know well what you are doing in crypto.
This is simply bankroll management if you'd ask me, though an efficient and effective one. This prevents one trader from chasing and cutting losses since the trader only has a small percentage of his bankroll on the line. Also, getting a definite day to collect profits--whether it's a win or a loss--is a pretty good idea since you will not be regretting anything if in case the prices go up or down since you'll do it regularly. It also prevents you from making impulse decisions that may affect your profits and result to a loss. Reinvesting your profits is also a good idea if you don't need the money yet as it further increases the potential return on your investments especially if the asset is performing good.
That is a good advice for the beginners that wants to become a trader, many people are really crying because they not follow the simple strategy and most of them are ignored it. But sometimes you need to face the risk to gain more and after that you may cash out the 50% of your profit for daily needs or whatever and you may trade again.
Whos been in the game for 30 years?what game lol.
This isnt a game and this doesn't exist for even 10 years so where did he find the word HODL when crypto wasn't there fromt that time.and if youre going to say that the learning is from stocks well this two different thing because cryptocurrency are volatile that you cant trust to perfectly grow without losing.
But i agreed on your views about how to profit in long term investment
This isnt a game and this doesn't exist for even 10 years so where did he find the word HODL when crypto wasn't there fromt that time.and if youre going to say that the learning is from stocks well this two different thing because cryptocurrency are volatile that you cant trust to perfectly grow without losing.
But i agreed on your views about how to profit in long term investment
Though, I may agreed with all your advices here, which I will follow for sure. But just to point out one of my conflicts in trading.
GREED.
This is one of my problem actually I am facing everytime I do trading. I always find myself regretting because of my greediness. At the end of the day, I will realized how much greedy I am that causes my failure in trading. A lesson learned to all of us is that, there will so much unexpected loss with so much greed.
GREED.
This is one of my problem actually I am facing everytime I do trading. I always find myself regretting because of my greediness. At the end of the day, I will realized how much greedy I am that causes my failure in trading. A lesson learned to all of us is that, there will so much unexpected loss with so much greed.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
it is a reasonble trading advice, I have to give you that
Regarding withdrawing profits to fiat, that depends on how much you need to use that funds. If you don't I would have not necessarily done that 
Probably the guy whom advised you has worked in stock market 30 years and want to use the information in here, well I don't think all that information work in this market , cryptocurrency is like a jungle , it doesn't have specified rules like stock market , it is 24/7 which stock market isn't , more than 90% of bitcoins are in less than 10% of wallets and it means market makers are much more stronger and so more effective than stock market , If in stock market market makers manipulate the market they can be sued , here is not , If you have worked technical analysis you will see the old technical analysis which worked in stock market sometimes , rarely works in here , For all that reasons I don't think we can compare stock market and its tips with cryptocurrency world .
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).[/color][/b]
This is a good strategy OP. A plan like this would make you not be stress when there is a bear market because you are able to cash out and you are assured that you can still put food in the table and if one follows this religiously then he would not become greedy especially if he makes trading his source of income since he knows what his target will be. We know for a fact that we are still in a fiat-dominated world so taking profits from time to time would be the ideal way of trading.And finally, don't trade under the influence of your emotions:
FOMO
FEAR OF LOSING
GREED
FOMO
FEAR OF LOSING
GREED
These emotions are the reason why someone would lose a trade because he cannot control his emotions and after entering a position and losing, he would regret that he took that trade but then I think all of us have to go through to this so that we will know not to do it again in the future but instead learn from it because in trading, experience is still the best teacher to hone your skills and be profitable in the future.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
The information is incisive and apt. There is nothing as good as having a daily trading plan which must be followed strictly. Form it as part of your attitude and always get a trading mentor.
I believe the right way is to make alot of research before buying any coin as a long term holding. after buying then forget about the coin and stick with your decision. people buy a coin for long term and end up buying selling them in short term
I think only strategy that does not change over year is hodl but this strategy existed with bitcoin, today most people who hodl altcoins regret as they haven't sold at the right time.
That is a fantastic advice, but I still doubt about out 50% into Fiat, sometimes good opportunities comes without knocking and at that moment we need to seize it with everything we had, playing with risk sometimes can give bigger reward, and I already separate my daily usage and for my trading, so I don't really need to cash it out, so I think cashing out to Fiat is not a good idea for me, but for the rest I am totally amazed by your experience
setting specifics when you are trading/investing is sometimes good but sometimes terrible. for example in this case things such as "Put 5-10% of your net worth in crypto" and "Every month take 50% of your profits in fiat" are specifics that I can not agree about.
you must invest what you can afford to lose and also based on your risk taking habits and how much profit you plan on making. so it can be 1% for someone, 5% for other and 90% for someone else. you can not say which one is right or which one is wrong as long as these percentages are well thought considering the risks and also the reward.
as for cashing out, the market doesn't move monthly. sometimes you can make a huge profit in one day and sometimes you may make tiny profit in a whole month. taking the profit out should be done when you reach your target regardless of when.
not to mention that many don't want to store their profit in fiat. they want to store it in bitcoin.
you must invest what you can afford to lose and also based on your risk taking habits and how much profit you plan on making. so it can be 1% for someone, 5% for other and 90% for someone else. you can not say which one is right or which one is wrong as long as these percentages are well thought considering the risks and also the reward.
as for cashing out, the market doesn't move monthly. sometimes you can make a huge profit in one day and sometimes you may make tiny profit in a whole month. taking the profit out should be done when you reach your target regardless of when.
not to mention that many don't want to store their profit in fiat. they want to store it in bitcoin.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think you should not hold at this point, you can see that java is constantly changing and it is hard to guess, the price of bitcoin is decreasing, the market is still in the cycle of long decline ahnj so You should only trade shorter days to minimize the risk and still be profitable. I believe the bitcoin price will reach $ 7000 in the coming days. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
This is a very good tip for beginner's who are studying the basic fundamental to remember in trading. Well, if you are in need that much amount money because you have other expenses as well, then sometimes this tips can't be followed smoothly.
It's a good advice because it's hard in this industry it's full of risk and getting an advice from an pro or experience trader treat they're advice like it's gold because when it comes to crypto that's what you need.
Actually this is a good advice and a big help also for those who lacks of knowledge , specifically to those who can't control their emotions when there's a bad scenario happen . But unfortunately opposite always happened nowadays which is they 're always panicking and ignore this kind of advice ,and always regrets as well. to be honest mate this advice will become useless because people nowadays are always struggled when it comes to controlling emotions.
You are so right... I fail too at times. We're humans so it's okay to make mistakes. But it's important to at least try and have discipline, this is what wins over making emotional decisions.
If you are an investor then you can start buying at this time, you can see that the price of bitocin in recent days is constantly decreasing and this has led to the price of altcoin is very cheap. deep. So I believe that this is the right time for you to buy and invest in the long run. The altcoin girl is at the bottom and this is a great time for you to consolidate.
True... it's such a cat and mouse game... the indicators look good for a run up but you never know. It's also important to set take profit targets... I know mine for Ethereum, for the next run up
You wrote good advice but anyway every trader has its own rules of trading and I agree with you that the crucial thing is a money management but every trader encounters with typical tasks but few of them use existing experience of other successful traders so you are right that you learned alien experience.
Capital preservation is your top priority when HODLING.
When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
In order to hold properly you need to have an investment plan and seriously do it but what you need to do is to choose the right coin and have real value, which is a good prerequisite for you to succeed in holding a coin. If you determine long-term hold, you also need a reserve fund to continue the DCA if the coin continues to fall. Do not worry and follow the investment plan set out will affect your success.When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
For me the best way to hold is buying a coins and monator the price so that you know the changes of price and then keep it and after 1 to 2 years im sure you can get a profit and dont sell it if you think your money will loss and dont be panic and give trust because im sure if you have patience and trust you can get a huge profit.
Capital preservation is your top priority when HODLING.
When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
In order to hold properly you need to have an investment plan and seriously do it but what you need to do is to choose the right coin and have real value, which is a good prerequisite for you to succeed in holding a coin. If you determine long-term hold, you also need a reserve fund to continue the DCA if the coin continues to fall. Do not worry and follow the investment plan set out will affect your success. When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
If you are an investor then you can start buying at this time, you can see that the price of bitocin in recent days is constantly decreasing and this has led to the price of altcoin is very cheap. deep. So I believe that this is the right time for you to buy and invest in the long run. The altcoin girl is at the bottom and this is a great time for you to consolidate. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
If you want to keep and invest for a long time, then itin this is a good time to buy altcoin. The market in recent days is constantly fluctuating, bitcoin prices are constantly decreasing and this causes the price of altcoin is continuing to fall deep. So I believe you can start altcoin at this time and keep it in the long term. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Well, i believe in all your advice and that is the only way out for one to br a successful crypto currency trader but as human as we are, controlling one emotions is one of the most difficult problem to solve particularly when it comes trading crypto currency and Forex if i may add.
it is true that you and your friends who have given good advice. and most of it is experienced by investors or people who trade it is having a very big emotion when experiencing anxiety in response to the decline in coin prices.
Capital preservation is your top priority when HODLING.
When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
When investing; risk some of your capital in speculations and altcoins, always have some hedge funds in stabilized currencies (BTC, ETH, NEO etc)
Avoid greed; this is easier said than done but always lock a % of your profit, regardless of how high you think it might still rise.
Well, i believe in all your advice and that is the only way out for one to br a successful crypto currency trader but as human as we are, controlling one emotions is one of the most difficult problem to solve particularly when it comes trading crypto currency and Forex if i may add.
Actually this is a good advice and a big help also for those who lacks of knowledge , specifically to those who can't control their emotions when there's a bad scenario happen . But unfortunately opposite always happened nowadays which is they 're always panicking and ignore this kind of advice ,and always regrets as well. to be honest mate this advice will become useless because people nowadays are always struggled when it comes to controlling emotions.
You are so right... I fail too at times. We're humans so it's okay to make mistakes. But it's important to at least try and have discipline, this is what wins over making emotional decisions.
Actually this is a good advice and a big help also for those who lacks of knowledge , specifically to those who can't control their emotions when there's a bad scenario happen . But unfortunately opposite always happened nowadays which is they 're always panicking and ignore this kind of advice ,and always regrets as well. to be honest mate this advice will become useless because people nowadays are always struggled when it comes to controlling emotions.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
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