Post
Topic
Board Altcoin Discussion
Re: Lessons from the fullest dip
by
Chuky92
on 29/11/2020, 16:00:41 UTC
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following

1. Never to love a coin

2. Never to be greedy

3. To cashout on profit always

4. To stop following hype

5. To know that what goes up must come down etc

I would say these points described many categories of people, that is, those who loves a coin, those who follows hype, those who are greedy and so on. Looking at number 4, this has been the bane of many people in this crypto space, where once they see a project with hype, they don't care again to do the right things such as studying the project, but they just jump in with just one mindset, to make profit or quick money, and in many cases they ended up losing their money. Number 3 and 5, I think they goes together, one needs to take profit as at when due while also bearing in mind that, the crypto space is unpredictable and volatile hence in a coin, there must be price correction and so on.