Post
Topic
Board Altcoin Discussion
Re: Be open to any possibility
by
Yatsan
on 14/08/2022, 12:23:08 UTC
Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

This is common huge misconception made by newbies because they think what happen from the past might also happen in future and remember that there are so many shitcoins created that's why much better if you invest then take profit rather than believing such another story which is somehow impossible to happen on new tokens created. But if you can take a huge risk about doing that well its up for you to try if you want to figure out if you became rich or get broke in future.
I do agree.
The problem is that newbies tend to generalize, likewise with non-crypto investors. They easily make judgements about this industry such as "an easy way to get rich", "follow the trend", "hodl" and the likes without thinking of a strategy or doing a technical analysis first. TA indeed does not guarantee things but atleast, it would be a better basis than intuition or any form of gues. In every industry, especially when it comes to investments, there are things to be learned first to make a start and to be good at something.