Post
Topic
Board Trading Discussion
Re: Learnings from crash
by
eaglewhite80
on 06/04/2018, 10:44:44 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!!!

Well the learning is never get too excited and too confident about the bitcoin going up and buy at ATH prices! Lolz, I made little mistake when I invested my money at the time of BTC @12K USD rates because I was crazy to think that it will rise again to the 19K USD which was its ATH rate. However I was not wrong but I do realise that I made mistake out of the excitement and nothing else.

Another learning from the bitcoin drop is simple, it is the right to buy the coins and we can now know the power of BTC uprise in terms of profits.
I feel not getting too excited is always the good way to put it. When the price is being driven by FOMO with everyone getting greedy and nothing actually driving in demand, then you should be very careful because the aftermath is what we have just seen. However, the future is still strong and for those who are caught in the trap, they can just keep holding. The thing is sell out are meant for weak hands, and that is why it is always necessary to have huge corrections, otherwise the state of the market would be generally unhealthy.