You are viewing a single comment's thread from:

RE: Playing Crypto Roulette And Improving Your Odds! 💥 💥 💥

in #steemit8 years ago

nice 3d! Best way I think to make money is hold till you have winnings, don't panic sell, don't sell with losses. Rather hold, since more then likely it will climb back up over time.
Riding small waves is stressful often doesn't work and costs fees.

This was my nr. 1 mistake as I had 150 BTC at one point but didn't have the guts and logic to simoly just leave the money in.
If you are in and out of the main rising coins, because it doesn't go dast enough, chances are you might luck out on an altcoin, but most people would have probably gained more money sticking in the solid coins,
Unfortunately with altcoins we are very much at the mercy of whales, lot of people will still sell when they shouldn't, fearing a collapse, whilst all that is happening is that whales are buying up more and more

Sort:  

Thanks a lot for you long and insightful comment! I got goosebumps when i read that you at one point had 150 BTC! However, i think many people are in the same boat. I mean sometimes you cant be too greedy either, you probably had real good gains already, and everything is always easy in hindsight. As for right now, when it seems the masses are even starting to adopt and accept the reality of crypto currencies i agree with you that holding for the long term is the smartest thing!