I learned a lot about trading in the dot com bubble 2000. it cost me half of my savings while i was a student. but these learnings paid off.
there are some basics to trading and especially to crypto trading:
- hodl. its not just a meme. because the crypto market is just in the beginning and at a totally undervalued marketcapitalization, i strongly assume that it will grow. so buy good coins and hold them. if the market and the technology grows, and we step up the adaptation curve, coins will gain value.
- diversify: if you do not know what you do (and i mostly don't know even yet) make a portfolio. i have over 40 coins, which i see in three classes: basecoins, like bitcoin, ethereum, litecoin, ripple. secondary altcoins with potential like xlr, neo, xem, dash, omg, vtc and a class i call lottery tickets. coins like xvg, ada, dgb, pivx, lsk, trx, rdd, and so on.
- lean back, have fun and enjoy the show. dont overtrade. things will work out if you, like me, believe in the crypto market as a whole.