Post
Topic
Board Trading Discussion
Re: What to do when the market is full of red
by
ramsdaj28
on 17/11/2017, 01:23:17 UTC
I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
You should not consider crypto-trading as an instant way to earn money or fast way to profit. Just like other jobs and businesses, crypto-trading is a long-term investment which needs time, effort, and patience to be successful.

Instead of watching the market the whole day, you should enjoy your life and use your day productively in other activities. Don't rush your investments to grow. You need patience and self-control in every situation, especially in money matters. There's no such thing as INSTANT MONEY. Everything needs time to grow and develop.

For best result, HOLD your altcoins for a longer time. Long-term investments are actually the successful ones when it comes to cryptocurrency trading. See what happened to bitcoin. Compare its value in 2010 and in 2017. See the difference? Don't duplicate the disappointment of the man who bought 2 pizzas for 10,000 bitcoins.  Grin