Quote from: Erza on February 12, 2018, 04:46:27 PM

Quote from: Caladonian on February 12, 2018, 01:38:04 PM

Quote from: dado7 on February 07, 2018, 02:51:29 PM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

This kinds of mindset is really helpful to avoid wrong actions when crisis happens with your investment, I like the way you bring the ideas that you 'should
just need to be more patience and just cool it up even in the time of some downfall, better to stay with your family and relax for a while go back when you feel that something is already been accomplished.

This only thing that you need to bear in your mind and I believe this is only works for a while and this is only effective if you have small bankroll and then you can really put that aside. But when you put really large amount on it, I do not think that you even have time to take your family or even gather with them. This is just some distraction that you can think of. Somehow it is like gambling addicted, I do not called it is strategy, this is just some normal mindset that you need to do in emergency

You cant even say such thing because there are people who could able to control theirselves and do withstand such pressure even he do have large amount involve on doing trading or investment. Setting it aside is possible but there would be times that we do always think of it on whats the current situation of the market.Chilling out isnt bad but we should know on how to move into these kind of situations.