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RE: 5 Lessons From The Worst Cryptocurrency Trader of The Year 2017 on How Not to Do Crypto Trading!

in #cryptocurrency7 years ago (edited)

Thank you for sharing. Overall I have two sentiments to share in response, number one is that holding the bit coin that I bought and doing nothing would've been a better investment than spreading it out to other coins. When buying you should simply purchase bitcoin with currency to buy the new coins, not use existing the coins you already have. Sure you might have turned a profit on your previous investment, why not sell a little? Don't be the guy who sold 1700 btc at $0.30! Hold! My great grandmother used to say that when she was a little girl if they couldn't afford something then just didn't buy it. Same philosophy here, don't buy new coins if you have to sell other coins to get it. That's not accumulating that's speculating. If you want to hundred dollars of a new coin then take $100 that you earn in the real world. Start a shapeshift transaction with a permanent deposit address to shift assets to whatever you want immediately. Take the QR address they give you to the ATM and insert cash, automatically shape shifting the transaction.

The second comment I have for you is that the biggest risk can sometimes be not risking enough. Personal story would be that I bought a dollar worth of Dash when It was six dollars. Also not buying more even when it was rising and rising and rising. Regret is that a path you want to avoid. Whatever you decide to do , make your decision and hold conviction that you made the best educated decision you could. Do not let greed overwhelm you. Do not lose sight of the fact that this is about freedom not being rich. Bitcoin is going to set the world free or destroy the world, maybe both. What are you going to do with it? And will you let it destroy you? Or will you be the master .

If there was no money we would all be rich.

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