Why it Pays to Be Patient in Crypto Markets
7 years ago in #cryptocurrency by cryptobobby (65)
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There are 2 types of people in the crypto space...
The cocaine snorting, Red Bull drinking, sleep deprived day trader...
VS
The weed smoking, mineral water drinking, sleep till noon HODLer...
The choice is yours!
I'd classify myself somewhere in the middle...
A wake up at 8am, drink a coffee, eat a buffalo chicken wrap, drink a beer type of guy
I think they call that a "normy". Wtf is a normy doing in the crypto space!
Been in since December 2013 hahaha.. I dig the tech and I like making money.. I'm definitely a normy
Fine I guess, we will let it slide this time but just for you Bobby, none of your normy friends please... PS I am gunna continue to troll Doug Polks channel until he agrees to do a crypto collab with you! Just like Bitcoin hitting $1,000,000, it WILL happen!
“Invest it and forget it” might be a good philosophy in some cases. If you really believe in a coin or token, you shouldn’t obsess over hourly or daily price movements but focus on the development.
Couldn't agree more, short term price movements shouldn't effect long term holders
I don't think I'm advocating for "invest and forget it" completely.. But rather, if you are TRULY confident in the technology and the company, short term price action shouldn't make you impatient, etc.
Wow good job post thanks you tips crytocurrency i follow you & resteem @cryptovobby
Well holding is definitely a good methode for well established coins and projects in which you blieve, but sometimes it can be profitable to trade some coins in short. Anyways, thanks for the infos :)
Words of wisdom indeed.
When you invest in the crypto market, pick a few strategically important ones such as BTC/BCH, ETH, LTC and store them in hardware wallets. This way, you don't have to worry about trading them frequently.
Although you don't give financial advice but you have great insight and thoughts that provide useful info for us to do further research. Thanks for sharing and I will upvote your post!
I'm new in the crypto trade, and unfortunately this is the first lesson I learned. And I learned it the hard way :(
Wish I had seen this video last month :)
You need to be careful nowadays and follow the markets. You shouldnt be in both extremes of course - just hodl and forget or trade every sec something... You need to be patient and read a lot !! Think twice before you do something and look historical events. Dont let your adrenaline overcome you and make you sell it all and say f*ck it. If you are not careful, you will just lose money from that. (Today is time to buy more of some coins, red is everywhere :)) )