Post
Topic
Board Speculation (Altcoins)
Re: Want to invest
by
len01
on 23/12/2022, 18:10:23 UTC
Better not, you need to do your own research and analysis in finding the right way with your investment, following other's strategy might lead you to lose your money, they have sets of plan just in case the market will not favor the position that they have while you don't have anything and if fear will dominated you, the chance that you will sell your holdings during the bear market and unable to recover once the market start to bounce back.
because every investor has different goals and has a different strategy.
So if someone wants to invest in coins or altcoins that are just following other people's words, that would be like suicide.
because what other investors are planning we will never know and they have a way to cover losses when an accident occurs to the coins they hold.
Meanwhile, if we follow other investors, we will definitely be confused about what to do when the coin we hold that is the same as another investor crashes and we will only lose.
so it's really not recommended to invest in following other people.