When it comes to financial decisions, it is wise for us to always do some research with some proven results before we venture into a particular business or whatever. Just like when it comes to the crypto market just like other financial market too, like the for Forex and others, one need to make critical decisions before embarking on a trade or investment having optimum knowledge about the business. For one to be a crypto investor, I believe the person has to know the in and out of the investment, when to trade and when to leave the market. Cryptocurrency is very risky and consciousness need to be taken avoiding greed because that is one of the factors that can reduce the rate of making profits.
Yeah. I agree. But just looking at past stats does not always work cause cryptos anyones guess day-to-day. Sure we gotta know the market history and all that. But playing it safe wont get the big returns. Greed is bad news, no question. But being too careful means missing out.
Way I see it, balance is key. Do your homework, manage the risk and stay flexible. That combos treated me right in crypto so far. Some bets paid off huge, some tanked hard. But on average Ive done pretty good.