Quote from: tygeade on Today at 01:06:24 PM

Quote from: Kittygalore on March 07, 2021, 05:42:38 AM

Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.

Many people think the same way you think and they make mistakes, sure there are some good traders who could act very quickly and make a profit but there are very rare of them, not many of them are like that, which is why I think it is quite obvious that we should not really focus on those rare instances but look at what generally newbies do.

Those newbies who try to act quickly to "not be left behind" end up making stupid trades and lose a lot of money, if you are good you could be doing it properly but there are very bad ones who are not like that and end up losing all their money in trading. This is why there is really nothing that could be rushed in crypto trading, that is why I believe everyone should be taking good long care about what they are doing, otherwise there is really only an option of losing money if they rush, only do that if you are veteran in trading.

I’ve been watching this bitcoin situation for a few years, assuming it would just blow over.The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments.These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future.