HODL strong and don’t let go

in writing •  7 years ago  (edited)

Don’t be like me and many others who tried to time the market and bought high and sold low.
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If you have done this don’t feel alone and don’t shame yourself because there is still hope and time to correct your wrongs. A few little keys that will help you out and to put a smile on your face while making those crypto gains with your portfolio from me (just simple advice) that has helped me not panic sale and fomo buy

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  1. Remember the reason for getting into crypto. This will help when fud comes out in the news, blogs, and social media. Many times me and many other, (maybe even yourself) sold out of there position due to fear of the market crashing. But instead of selling if you would simply double down your position you would earn more profits when then market corrects instead of you having to watch and wait in hopes hour after hour looking at the market trying to time the best second to get back in and end up paying more due to the fee’s it cost to buy and sale...

  2. Don’t listen to un reputable sources for your news in crypto.. this can cause you to make un healthy trading decisions like buying coins that are overly pumped or buying crap coins that will never pump. This usually happens from big YouTube’s and promoters trying to make a quick buck by buying a coin low then trying to build hype around it to dump at a higher price

  3. ONLY invest in projects that you truly believe in or if you are lazy and don’t know which projects to invest in because you sample won’t do the necessary research to find key diamonds in the rough then invest in coins with higher marketcap such as coins in the top 10 list on coinmarketcap.com therefore prices can’t fall and you lose 50/100% plus’s of your value

If any of this helped PLEASE upvote and resteem this post and I’ll be more than willing to take the time to do more post just like this one and even better but until then as always remember to Steem on- Untill we Steem again fellow steemians -Lyken Crypto- keep Learnin, Keep Investing and keep God First

Get 3% off every order at Genesis Mining by using code 5Lp4c3 at check out
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“A good name is more desirable than great riches; to be esteemed is better than silver or gold. Rich and poor have this in common: The LORD is the Maker of them all. The prudent see danger and take refuge, but the simple keep going and pay the penalty.”
‭‭Proverbs‬ ‭22:1-3‬ ‭‬‬

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I somewhat agree and disagree!

I often try to time the market and I've had great success! You just gotta take it slow, sell or buy like 10% at a time. See a dip? Buy some! Still dipping, buy some more!

Bitcoin up 50%? Sell a little, up another 20%? Sell some more!!

Track your averages and start buying/selling when you're above your average by an amount you're happy with :)

Of course, I only do this in projects I truly believe in! Right now, I'm day trading COSS and despite making a 4,000 COSS deficit in my first 2 days, I've made 3,100 back today and rank 13 in their $1,000,000 dollar trading promo!

I made a guide to day trading here where I talk about how I lost 4,000 in 2 days and how I made 3,100 back today!

Great post

Upvoted ☝ Have a great day!

Beautiful post thanks for sharing..I will done upvote .....

Berbagi itu indah, terimakasih buat @lykencrypto atas informasinya, sungguh berguna

I really like this post lykencrypto! keep up the good work!