BUY THE RUMOURS. SELL THE NEWS (not literally)
When media talks often about the dump and publish articles, then that is the RIGHT TIME TO EXIT.
News, rumours, speculations could have a big impact and can affect the price of altcoins. They concide the price movements resulting in pump and dump.
Believe me, I did that and it really works. Prevents deficits and prevents loss of investment.
When media talks often about the dump and publish articles, then that is the RIGHT TIME TO EXIT.
News, rumours, speculations could have a big impact and can affect the price of altcoins. They concide the price movements resulting in pump and dump.
Believe me, I did that and it really works. Prevents deficits and prevents loss of investment.
Most of the time this works, though I must say that it isn't applicable most of the time as exiting a certain position is entirely subjective, as to what a user above stated.
Usually the best time to exit is when everyone is rejoicing and are highly optimistic that the coin will continue to rise even with a recent unsustainable growth. It's okay to lose a couple % of gains rather to lose it due to being greedy. When already at a loss, mental fortitude and controlling one's emotions is really a must if you want to breakeven or profit a little. It's okay to be bag holders rather than throw those bags only for them to appreciate later. The thing is, investing in crypto is a roller coaster, and you must know when to exit and enter; news are massive sources of signals since traders use them for their situation.
