Post
Topic
Board Trading Discussion
Re: Learnings from crash
by
Omega Weapon
on 11/05/2018, 23:01:02 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!!!
What I learned from this crash was that I was strong enough to resist it, until the crash came I was very sure that I wanted to be a long term holder but I have not encountered a crash big enough that will make me doubt of my position, and even after we saw such a crash I was still convinced to be a long term holder and not even for a second I thought about selling my bitcoin, so I know that no matter what the market throws at me I will resist and keep my bitcoin.