CryptoCurrency Advice 101

in cryptocurrency •  7 years ago 

STOP TRADING SO MUCH!

This is a hard lesson to learn. Many people are racing to get into Crypto's.

There is major FOMO in this market. I would be willing to bet that over 50% of the people in this market would have more money if they stopped trading so much.

Give your coins a chance. When you constantly trade you don't give them a chance.

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Advice for beginners:

Buy some of the top 10 coins and forget about them for a month. I bet you make money if you just hold your position. Or as we say HODL!

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True. Trading only works because the few winners feed off of the losers. If we stayed put trading wars would end and coins would begin to stabilize at their actual value.

Just started trading. I have to admit Panic is a tough one to keep away! Thank you for your post! Good advice.

Thanks for the great comment. It's really hard to keep emotion out of this game.