Meme challenge #29 - Entry #3: The Fiat Trap
7 years ago in #memechallenge by rockjon (60)
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Quite funny haha. I have had this feeling before.
This post received a 3.3% upvote from @randowhale thanks to @xalos! For more information, click here!
I've a different experience. Whenever I buy cryptocurrency price goes down and whenever I sell, price goes up.
Thanks for the comment. I also had a similar experience before.
Whenever I sell, its price always increase :D
Yes, I know the feeling. Thanks so much for the comment.
I've only been investing in crypto seriously for a few months. When the price dropped big time and we had that Bear Market for a bit, I sold probably 80% of my coins (into USD), feeling it was safer... of course, I missed out on a lot of the rise back up. Since then, I learned my lesson: I'm not selling any crypto for fiat. If I sell an altcoin, it's just for Bitcoin.
This would be related to the principle "never lose money on a trade, ever". I just wrote a post on some investment strategies if you're curious: https://steemit.com/cryptocurrency/@jobsande/why-i-m-changing-my-cryptocurrency-investment-strategy-you-should-too
:)
Thanks for the comment. I'll take a look at your article. I haven't been in crypto too long myself but it's usually better to pick up some coins on down days during the market.
Upvoted. I'll be resteeming this now :]
Thanks so much
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This post has received a 20.81 % upvote from @booster thanks to: @rockjon.
That's great :)
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Very nice :)