Post
Topic
Board Economics
Re: Two basic things that can give you an advantage
by
matchi2011
on 13/09/2021, 19:58:22 UTC
Remaining calm is always the best thing you can do. The past has told us that most people who haven't sold their coins have made decent profits by just holding onto them.

I'd definitely by bitcoin at a drop, not sure about the top 10 though as they might suffer harder than btc and a few of them (usdc and doge) might be bad for long term holding.
Keeping calm and having absolute patience are the two advantages of investing.
A decline in the market will also be an opportunity. But be aware of the long-term overall coin market trends, and don't make emotional investments.
The top coins cannot be bought intuitively. Don't buy hype coins when the market is generally down.
Hyped coins are less likely to survive when the market has a long dump but when we chose to buy for those established and top 10 coins in the market, they have all the chances to recover again. Prioritize bitcoin because its the most profitable digital currency in the crypto market.

I have been dealing this market's bull and bear season for such a long time and being patient and calm especially when there is really a long dump can be very helpful so you can create huge profits after long term holding. Of course having a good amount of funds so we can buy at the dip is also very necessary too so we can take advantage with the current dip.

The more you understand what kind of assets you are participating/investing, the more you can be patience.

It's hard to see that your investment is really being affected by the long dump but just the
same, if you do believe that there's always a good chance of bouncing back, you don't need to
sell and ride with people who currently experiencing panics, but instead, you will buy more if
you still have spare money.

It gives additional opportunities to hold more coins while patiently waiting for the market to bounce back and recover.