I can bet you that the statement makes a lot of sense because the norm in the cryptocurrency space is that you buy the dip and sell the pumps. So yes if you eventually sell the dip after buying the pump, you're losing investment there
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What I will advise you to do is to work towards being able to invest on what you can afford to hodl for long . Secondly , if can stake your coin whole waiting for your exist price , then you should be able to avoid pressure from the coin dippingYou are so right about patience. I have noticed that whenever I decide to sell a coin at a loss, as soon as I sell, the coin starts to moon as if it was waiting for me to dispose it first. I have learnt my lesson now.
Have you been in a situation where the coin you invested in was dipping and you sell in a hurry to avoid loss but as soon as you sell, it starts climbing up again and even surpass your original target price to sell? I have experienced that and to be honest, it is not a palatable feeling at all.
This is an excellent suggestion and I will definitely consider it here on out. I have decided against selling low especially since I tend to avoid shit coins.What I will advise you to do is to work towards being able to invest on what you can afford to hodl for long . Secondly , if can stake your coin whole waiting for your exist price , then you should be able to avoid pressure from the coin dipping
I don't really understand what's going on with dogecoin anymore in the crypto currency market , the price keeps decreasing and its not favourable to investors.I bought just about 200 dogecoin when the price was 31-37 cents. The current price is 28 cents. I am still at loss with my dogecoin investment. However, I did not sell my dogecoin, and may not sell until I can actually make profits. You don't lose money in crypto currency investment if you do not panic sell.
Life is like that, such a mystery. It is interesting to know that I am not the only one to whom it has happened (selling at the very border of the trend change ), but surely it is part of the process of maturing as an investor.What I will advise you to do is to work towards being able to invest on what you can afford to hodl for long . Secondly , if can stake your coin whole waiting for your exist price , then you should be able to avoid pressure from the coin dipping
Awesome. Glad that you are able to take them into action. I have been doing it for sometime now and it has been very profitable for me and I hope that it continues like this.Life is like that, such a mystery. It is interesting to know that I am not the only one to whom it has happened (selling at the very border of the trend change ), but surely it is part of the process of maturing as an investor.
So we evolve with experience, and refine our strategies. It really feels more relaxing to apply your advice, I can confirm its effectiveness, I have been doing it for some time now, and it is good. Even if the market is down, knowing that our investment is still gaining, takes the pressure off, and the waiting time is at a new level.
So be it my dear friend. Like the farmer, your patience puts bread on the table.Awesome. Glad that you are able to take them into action. I have been doing it for sometime now and it has been very profitable for me and I hope that it continues like this.
With what am trying to build now , I might be able to earn a minimum of $200 monthly passively as well , through cryptocurrency staking and liquidity provision.So be it my dear friend. Like the farmer, your patience puts bread on the table.
Websites generally increase and decrease in popularity just like the cryptocurrency coins and this will of course affect the price of the coins that are on it as well. I noticed this when it comes to the YO token on the yobit exchange.That is one good reason that I left the token in my address without thinking of selling it. I thought of the popularity of the website that with this it will help the price of the token
I have that experience. Just recently dogecoin went up as high as seventy three cents per dogecoin. I bought when it went down to sixty six cents. I planned to sell it to seventy but dogecoin gradually went down to twenty cents. I sold at twenty four cents per doge because of fear that the price might go down to one cent.Have you been in a situation where the coin you invested in was dipping and you sell in a hurry to avoid loss but as soon as you sell, it starts climbing up again and even surpass your original target price to sell? I have experienced that and to be honest, it is not a palatable feeling at all.