Post
Topic
Board Speculation (Altcoins)
Re: Do you love and enjoy taking risk?
by
bitgolden
on 07/04/2023, 17:50:12 UTC
Taking risk is not enjoyable but we are familiar with the fact the crypto is highly risky so we have to manage this risk. Altcoins future are unpredictable because we don't even know that how long the selected coin will remain alive and when it will become died. You make investment during 2022 which is very harsh year for all crypto investor and you decide your future in just a week, you make these two mistakes. If you hold certain coins then you should first select those coins which cannot dies easily and secondly you should wait during bear year and should not make a sudden decision by analyzing the prices in just one week.
There are people who make rash decisions and that's why it is not going to be profitable at all for them. I personally do not make any decisions unless I sleep on it for 3 days, because then I know if I still want to do it. I end up holding almost all the time, unless I have to pay for something, and recently I had to, but that's fine.

Aside from those days, for investment purposes, all I do is buy and hold, plus 2022 was a great time to buy, and then 2023 looks to be it is going to be great time to sell as well, we just need to wait longer if we bought any higher, but if we bought any lower, even if we sell now, it will be profit (even though I think it will go up more than this).