The Uncertainty Of Cryptocurrency
Does Bitcoin affect every single altcoin?
It may not always be true based on our experience so far.
Is there a right time to buy and sell?
Most experienced traders can advise but no one can say for sure whether it is the highest or lowest.
What is the best advice for beginners?
I guess we are human of greed. The best advice is the same advice that you would give your children to avoid being too greedy.
Children tend to overeat when it is something they love so much but they may get a stomachache after eating excessively.
When we feel that the price is good enough, it may just be a good time to buy or sell.
We can always hodl when it falls or rises more than we expect.
If investing is not a gamble, we really need to do research to decide the potential of a platform or company.
There can be many youtubers telling us how good something is but they may do that due to their own personal interest and investment.
Bitconnect that had caused many to lose their money is a good example of how greed can cause many to lose what they think is good resulting families in deep financial difficulties.
There were so many youtubers who were blasting about Bitconnect two years ago so if we had chosen to listen to them, many of us would have lost our money too.
Since we are involved in cryptocurrency, I guess the main thing we need to control is our greed and have more patience to hodl as we do not lose until we sell if the price is too low.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that. All images and pictures were taken from google images that are free from copyright under labelled for reuse.
Posted from my blog with SteemPress : http://fun2learn.steemblogs.club/2019/06/24/the-uncertainty-of-cryptocurrency/