Post
Topic
Board Altcoin Discussion
Re: My crypto lessons in 2021
by
tyz
on 13/12/2021, 13:47:13 UTC
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality

2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt

I can't tell you how many times I've read threads like this in the last 9-10 years. Exactly these three points are nothing new. Maybe for you, but many have already had this experience. I would like to briefly discuss the three points.

1) Never listen to any rumors! Also, one of the most important points in crypto investing is to have a cashout strategy. Many have an investing strategy, but very few have a strategy to cash out. Had you had such a strategy, you most likely would have come out with a good profit.

2) Forget Youtube Influencers! The vast majority have no plan. They are only interested in making a lot of money themselves. They always do on smart, but have no idea. In addition, they get extremely much money to promote any projects that are only shitcoins in the end. Best example was Bitconnect, which ruined many peoples life.

3) Exactly as explained in point 1. I wouldn't trust my heart, but rather set a cashout strategy that you stick to.