Post
Topic
Board Trading Discussion
Re: My exorbitant lessons in last bull market
by
lalabotax
on 24/11/2022, 23:31:03 UTC
1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.
Avoid FOMO on hype projects, as they usually just turn it into a pump-and-dump game. So those who already get very high profits immediately exit at a certain rate. Meanwhile, the victims, especially newbies, had just entered when the price soared and ended up selling too late because the price had gone down. And this happens very often. Lesson: Never play with the hype tokens of a new project like this regardless of promotion, because they and you are different. It has a very high risk so it is not recommended for beginners and anyone who is not familiar with the shit coins game.

3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.
Hold Bitcoin whatever happens if this is still not reaching your target. However, if you think that it is enough, you can set certain target. Investing in Bitcoin is always profitable, but sometimes, we need more time to make our price target reached. Hopefully, the rate of $100k will be reached in the next Bullrun. I also miss the previous ATH because I am too greedy. but, I wil not think hard ebcuase this is Bitcoin and I am still holdingthem.