Cryptocurrency may feel kind of unfair at times. Especially when you’re just starting out, and you are putting in the best you can but at the end of the day nothing seems to be working. It hurts a lot, and sometimes it makes you even wonder if crypto is really worth it.
For those in this situation here’s the truth: every experienced person in the crypto has been there, every single one of them, the traders, the investors, even some of the people on this forum that we all look up to today. But instead of quitting they chose to be patient, consistent and continued humbling themselves to learn
So if you are a beginnner in the space, here are a few things I wish someone told me early on:
1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.
2) Don't be in a hurry. The reason why most newbies tend to loose alot is because they jump into every green candle they see without taking time to understand why it was so.
3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees" to invest into crypto. Always invest what you can afford to loose.
4) Practice DCA Strategy: For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.
So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️