Topic: Lessons to learn from Crypto - page 2. (Read 285 times)
Always make a research on the project you would to buy-in, the best would be to never sell for a loss, but sometimes you have to close in a loss and move forward to another project.
That's an extremely terrible piece of advice to give (Referring to your "never sell below the rate you buy at")! Think about it. If you bought an alt at 1000 satoshi a year ago, you only spent 1 cent. Today, if your alt is worth only 500 satoshi, you can still sell it and it'll gain you 7.5 cents. That's a huge return on fiat. Always stick to your regime. Never make any trade without a stop loss. For me this means about 10% of the satoshi value BECAUSE Bitcoin is so expensive now. But if Bitcoin started to crash, I'd raise my SL too.
Learning much more in crypto can always be based on those experiences that you have like those mentioned stop loss or whatsoever as part of the decision making that you have. Moreover with the previous months that has passed last year, many times I was on feeling that regrets of not holding those crypto coins due to rush mindset and not thinking about holding. That's why those suggestions mentioned really made mr more more mature in learning how crypto works in all our lives.
That's an extremely terrible piece of advice to give (Referring to your "never sell below the rate you buy at")! Think about it. If you bought an alt at 1000 satoshi a year ago, you only spent 1 cent. Today, if your alt is worth only 500 satoshi, you can still sell it and it'll gain you 7.5 cents. That's a huge return on fiat. Always stick to your regime. Never make any trade without a stop loss. For me this means about 10% of the satoshi value BECAUSE Bitcoin is so expensive now. But if Bitcoin started to crash, I'd raise my SL too.
I think this was always going to happen with Bitcoin with Ethereum giving rise to all these tokens coming out quicker. More tokens equal less money for every individual coin. It was easy for BTC to have above 50% dominance in the early years but I think in the coming years it won't surpass 50% ever.
Its the year of the alts strong ICOs will come in to our environment i want to see crypto with the innovation of artificial intelligence,probably BTC dominance will indeed decrease this year.
Yep, I agree with TC, for me too - the most important lesson that I got from crypto is patience. And take your fomo under control. All things that I got here are closely intertwined with the control of emotions. Correct emotions are the key
Now, i am beginning to see that bitcoin dominance will be minimal in 2018 though it is too early to say. I would love altcoins to see more gain and growth and not having that hanging on the growth of bitcoin.
Bitcoin's dominance will become less and less, I think 2018 indeed will be a year of altcoins.
Trading can be fun or a Mess even if you are new the luck may be in your favour but don't do anything when everyone see it as an opportunity to gain quick profits out of now where
Well this goes according to the bitcoin dominance in the market right now its 40% so this will not affect the alt coin that much but if the btc dominance goes higher you could expect the sudden red scenario so always Remember HODL
Just keep seeing and never sell in less from which rate you have buy !
P.S: if you are in Ripple Then start selling your alts as this may go up too but you might end up losing too take out your profit and then enjoy its all bankers game
Well this goes according to the bitcoin dominance in the market right now its 40% so this will not affect the alt coin that much but if the btc dominance goes higher you could expect the sudden red scenario so always Remember HODL
Just keep seeing and never sell in less from which rate you have buy !
P.S: if you are in Ripple Then start selling your alts as this may go up too but you might end up losing too take out your profit and then enjoy its all bankers game
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