Post
Topic
Board Trading Discussion
Re: Learnings from crash
by
pokeronlinestatus
on 18/05/2018, 07:41:55 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!!!

Yes so we should be careful in choosing the crypto to invest.
This is where everything lies. The first step of earning money through crypto currencies is choosing an asset. If it will be a wrong one, there is no way that anything right can happen to the investor in future. A coin that has no potential to grow or turns out to be a scam will only harm the capital. Therefore, I advise to stick with the old and well known potential coins like BTC or ETH.