Meanwhile, David and I move on to other coins and continue to rake in the BTC profit.
I'd like it to be that simple (and I hope it will be in the future) but it was not that pretty. I would like to share this part with you too, so that you learn from my mistakes.
Despite all of my mistakes (and stress), I managed to get a 200% profit out of BC. But then I made it horribly wrong. And I know at least one other person who did the exact same mistake as I did, so
it will probably happen to you too!Here's the story: once I sold my BC, I still looked at BC price. It could go up again, after all - rise and fall happened so often before (granted, never the high and the low - that was the Famous Last Pump but I did not know it by then). So, I started to buy back urgently (panic buy) and then it was a false alarm and when I realised it, I panic sold. I did it three times and I ended up being negative.
What do I want to tell you here? This:
After the Famous Last Pump,
Leave and don't go back! You
will be tempted too. It was a hell of a ride, you made friends on the forum, it can't just stop like that, bla bla bla.
Bull traps are called "trap" for a reason.
So please, don't lose in 2 hours what you spent weeks accumulating. It is painful, believe me. The pain of losing is more intense than the joy of winning.