RE: Why it is not a good idea to panic sell NXT/ARDR or any other coin that has strong fundamentals 📈 💰

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Why it is not a good idea to panic sell NXT/ARDR or any other coin that has strong fundamentals 📈 💰

in cryptocurrency •  7 years ago 

I totaly agree with you, Just bought some extra nxt, the other one i will look into. But i also have a question, don't you think the panic short term buyers and sellers making it possible to let the more 'hodl' people make money?

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Thank you Robertok :)

Trading is important for markets to even exist. There will always be short term buyers and short term sellers. I could make a thousand posts like this and it will make no difference. Without them, there is no market. It would be boring :D

And there are of course traders out there who are making good money by buying and selling on a daily basis. But one has to be honest with himself. For me, I am a bad trader. And most people are (from my experience). But I am good in researching and understanding how those projects work. So I only buy and invest in coins that can convince me that there will be more buyers than sellers in the long run or that have the potential of becoming a real business. Even if it takes a while.

Whenever I made good return on investment it was because of long term. And whenever I lost money, it was because I was impatient, fearful or greedy. Or trying to make "a good trade" ;)