So it took you 2 years only to realize that cryptos are volatile? That's a bit long but I think it's already possible to figure that out at the beginning or by the time we are still doing a research about cryptos before we engage on the real thing but that's right, the floating thing that you said or volatility in other words is the one that can makes us earn a profit because we can buy at lows and then sell when the price recovers.
Price now is below 19.5k only but is that true that you can earn 30 percent of profits from a 10k usd increase in price? Because, I think that was too much already. For an investor, their portfolio might go down but it's possible for it to recover as long as they won't sell anything.
Price now is below 19.5k only but is that true that you can earn 30 percent of profits from a 10k usd increase in price? Because, I think that was too much already. For an investor, their portfolio might go down but it's possible for it to recover as long as they won't sell anything.
Actually it's normal that everyone has a different time to understand how the crypto world works. You are right but too long if it takes 2 years
to realize that crypto is volatile and we can use it to make a profit. Maybe the OP is not so focused on studying the crypto world, if we focus on
studying crypto, should have understood in a few months how the crypto world works. But everyone has different priorities in life, so I can understand
if some people take longer to understand the crypto world. Most importantly they finally understand how to make money from crypto.
It's true that we should never sell our coins at low prices, we must be able to hold the coins that we have patiently, if in this bear market our
estimated assets continue to decline because the prices of all coins fall. Because as long as we don't sell the coins we have when the price drops,
we haven't lost, because the market will recover again and the price of the coins we have can go up again. Then we can sell the coins we have if
the price rises above the purchase price, the most important thing is not to choose the wrong coins.
