RE: Trading Tip: Right after investing in crypto, expect a 20-30% dip

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Trading Tip: Right after investing in crypto, expect a 20-30% dip

in cryptocurrency •  7 years ago 

If you're not absolutely confident about a project, but you are confident about another project... consider which will regain your losses faster.

But the worst thing to do is to keep switching back and forth between 'moonshots'. Patience is key. And diversification.. if you're all into one coin, it's terrible when that goes down. If you're spread out between 10 coins, when one goes down another will be up and you'll feel fine and it will help while hodling and keep your hands strong.

I suffered through Stratis fine because I had NEO and OMG, for example.

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Ya, sadly every single one of my investments are down over 50% in Jan, out of 15 coins, pretty bad luck. But to avoid the switching - which I did earlier and lost every time, I have placed all my coins into wallets. Even the coins I am mining are all down over 50%. BWK was almost $16.00 its $6.00 now, TZC was almost .40 and now it is .11, GBX was almost $80.00 and now its not even $30.00, everything I touch seems to go to shit lol