Post
Topic
Board Altcoin Discussion
Re: I believe this is the way
by
Dragonfund
on 29/10/2020, 22:00:19 UTC
We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years.

Its not all planned event that comes to pass, some planned ones worked out amazingly beyond our limit and expectations. Since cryptocurrency isn't tightly regulated, expect anything in this space. We can only hope and keep planning on investing because those who failed to plan, plan to fail.

Quote

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Personally, whenever I buy coin, I go for top 50 ones because when market goes south, it will always bounce back when bitcoin and others recover. Experience has thought me patience, loyalty and big profit and little loss on projects.

PS: Don't invest on hype projects, we have seen many of them in disguised as DeFi projects with zero level of inexperienced team and real use-case used.