RED RED: WORD OF ADVICE TO NEW COMERS INTO ALTCOINS

in #altcoin7 years ago

I am already getting discourage after seeing most of the coins going red but then i remember that was how i lost big opportunity last 2 months. I stumble on a coin (Lisk) at that time cost only $0.24, with my $25 worth of bitcoin I exchange it for 88 Lisk but after two (2) days I came back to see the value dropped to $23 with fair of loosing I quickly exchanged back to bitcoin for $21 loosing $4 in the process. Two months later precisely in June,2017 when i check the price of lisk at a time it was $3.25 and i begging to blame myself for exercising fair when i first bout it. In short, I regretted my action then.

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RECENT REDS.
The past few days have been up and down in the coins market. If you are new comer into bitcoin and altcoins coins, don't be afraid or get frighten, just keep your coins and forget about them in your wallet, being afraid will make you want to cut your losses and sell while making loss, that is not the right thing to do, the right thing is stay calm and wait for a rebound.

I stumble across this piece: please read though it it will encourage you:

"You may be seeing a lot of RED in your portfolio in the past month and feel like you should just cut your losses, sell positions, feel depressed etc... I am here to tell you that the best investment is a boring investment. If it is "FUN" you are probably just losing money.
To quote professional investor George Soros "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring"
Also, if you are buying ALT coins when they are going up "pumping" You will 99.9% lose money chasing coins this way. Buy coins with tech and developers you believe in and HOLD. Buy when they are cheap, accumulate, add to positions so when the BITCOIN issue is resolved come august you are in a good position to profit!
Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that: "The time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.
Wealth is not made overnight, this is a long game. If you are impatient, maybe investing is not for you. You can train yourself to be patient by looking at market trends over the past few years, 1-3 Year ROI on coins, not checking your portfolio balance 100 times an hour.
I hope you all see the long term picture in Crypto, and that is a beautiful future. I hope all of you stick with it because you will be rewarded if you do.
So hit the gym, spend some time with the family, the kids, the wife, and before you know it will be a bull market again."

Good luck friends!

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