Ninjastic
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Board Trading Discussion
Re: How do you Panic?
by
Fatunad
on 31/01/2018, 20:16:07 UTC
Quote from: Trela on January 31, 2018, 07:53:22 PM
Quote from: criz2fer on January 23, 2018, 11:26:27 AM
Quote from: weredo911 on January 21, 2018, 06:24:18 PM
i do not fear. the cryptocurrency has been a part of the economy now. So, i do not fear they can be destroyed or not. I will hold my coins until the market recover.
Holding your coin until it recover is a good strategy but to lower your risk, you should buy other coin to break even your investment. Thats why i dont panic at all because even I sell my dump coin, i can still recover it because of my strategy to buy at others dump coins which is usually at top 50 altcoins in the marketcap.
Buy other altcoins will not help you recover your funds in the bearish trend. Did you invest altcoin in June 2017? If you were the buyer in that time, you knew the price of altcoin just dump and dump until August 2017 and December 2017 to pump 50% or old highest price in the past.
Diversifying is good but come to think off on adding the risk involved. Not all the times that new coin being bought would guaranteed for you to break even your loss in the money you do invest. It would either go that way or into opposite which would result into a deeper problem.Diversifying can really give the opportunity to income even more but do still have the risk on losing even more too.