My Greatest Ever Mistake in Crypto (So Far)
In light of other content creators revealing some of the biggest mistakes that they've made in crypto, I wanted to share what has probably been my biggest mistake in crypo (so far at least).
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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you are not the only one that didn't sell at the top. I can tell you that all people that are into crypto have made mistakes.there is winnings and there is losses.
Just buy more now when is cheap
Posted using Partiko iOS
Noooooo!!!!!
My greatest mistake was leverage trading $1,000 usd, in nov 2017 when BCH was FLYING high, and I lost it all in 5 minutes.
$1,000 became $2,000 became $0.
Posted using Partiko Android
Everybody is a victim of not selling at the top when the market was bullish then, but from what I learnt as an investors and a businessman I am now using the cost average theory by buying more crypto currencies now that the price is low and preferably to sell when we enter the next crypto bullish trends
Indeed tax management is a key factor to consider. At least when working on capital gains and losses you can deduct these losses against any gains. I sold mostly in 2018 but before the year was over, I sold some to offset gains and reducr my tax bill.
Posted using Partiko iOS
We've all made big mistakes, as long as they didn't wipe you out completely it is a learning experience that might look like a 'cheap' lesson years in the future.