You are viewing a single comment's thread from:

RE: Yesterday I was asked by a member on Steemit to give some trading advice

in #life7 years ago (edited)

Excellent and sage advice. I believe it was one of the Rothschild's that said, "Buy when there's blood in the streets, even if it's your own." Simple meaning, the best time to buy is when everyone else is selling. Even if your personal investments are taking on water, but you believe in it long term, adding to your position is the smart long term play.

Being pretty new to crypto, but long in the tooth in the stock market, I've seen some pretty crazy moves over the years, (namely Netflix and Amazon) where all the fundamentals went out the window and your entry points on a correction just didn't materialize and you missed out on big gains, but the volatility was nothing like what I've been seeing with BTC. Your advice on gradual buying and just dollar cost averaging into any coin is excellent advice.

If I've learned one thing about markets, anything that can happen will happen. I have a feeling it's going to be one helluva ride and hopefully Steem is right in the thick of it! Have a great day man!

Sort:  

2017 has been a crazy ride in crypto. I'm sure there is more to come!