Post
Topic
Board Trading Discussion
Re: Learnings from crash
by
trader34
on 03/04/2018, 18:49:01 UTC
What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!


I haven't sold a single coin until now, but I bought some of them at high prices (not ATH, but anyway quite high). In some of them, I'm quite in loss, but I'm going to keep them until the next bull run because I know I've invested only in good ones.

For sure, in this huge market crash I have learned one important thing: everyone in December was thinking the market would have reached every week new All-Time High...  but we all know things have turned out quite differently. It's better to always keep some dollars, so to have the opportunity to buy in dips and when the market becomes bearish (nothing can grow forever!), if you're satisfied with the price, better to sell and take profits!