Post
Topic
Board Altcoin Discussion
Re: did I make mistake?
by
tabas
on 25/06/2021, 18:20:48 UTC
Right now Ethereum is on $1900 - $2000 and OP only asked for $1100-$1400 and those prices were already surpassed by the market and he's up with a profit if he's still holding and more if he had sold at the peak $4k.
That must be the advantage of holding for long period and investing only in highly reputed coins. But unfortunately people are right now doing two different kinds of mistakes which are investing into new and unknown coins and then rushing toward booking profits even they have invested into reputed coins. The second cases mostly applicable for the coins like dogecoins and for the first case there might be lots of example everywhere.

To avoid mistakes there are lots of practical approaches are being suggested at every part of this forum but only very few people are following them. My simple advice for everyone to avoid future mistakes, just stick within bitcoin investments but with long-term plans then you never need to worry about the volatile nature of this crypto space.
They thought that strategy will work for them even if the trend for those coins were already done. Nothing beats the usual investing style of buying reputed coins and having those established coins on their portfolios. That's why even though I saw traders who made money from those new coins.
It didn't gave me a signal to buy it because I'm thinking the time will come that reputed coins will pump and those new coins will have its share to drop.