The past six months should be a learning opportunity. I am fairly new to the crypto investment world, but have been in this system since December 2017. I went through the major pump of late December 2017 and early January 2018, and been in since then but made plenty of mistakes-- holding and marrying coins, selling at a loss, impatience, not proper due diligence, and most importantly not taking profits. However, from these mistakes I learned to plan and anticipate changes that will continually be challenge as we are not dealing with the traditional equity markets. I will now share some of the changes that I evolved from and hope you gain some insight (unless you are an expert).
Its a time to take notes and realize that the method of managing your cryptocurrency comes at a cost. Time: you need to spend time researching and learning what the value, function, purpose, aspiration, team, method, ability, background of every coin you plan to invest. The time evaluating a team varies on your "confidence value" as you are limited on evaluating a project based on a whitepaper, website, team biographies and linkend and other social media (that can be easily made up), and speculating that a project will have a real case value, or as i would like to think of it as being able to commercialize and make a profit in the future. Some of these things are important and will need to be continued and evaluated consistently with every project.
Congratulations @gusguevara! You received a personal award!
Click here to view your Board
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Congratulations @gusguevara! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!