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RE: Ripple's Market Capitalization Tops 11 Billion USD, Could This Become The Biggest Bubble Yet?
This is a very helpful post. Good judgement can only come from experience and information. FOMO fear of missing out, is a terrible thing. Don't go chasing things higher in desperation but go ahead and buy a little of whatever coin, just so you're in. Always be prepared to stomach the loss. Remember many people are in for 2 and 3 cents on Ripple. They can go on selling all the way up. Be happy for them.
Also keep researching and put your money in good long term projects/investments. It's alright to sell something to a bigger fool who comes in later but remember it doesn't really help the economy -- it's just skimming the excess off of a mania.
++++ if i could i would vote twice. thanks your sharing your thoughts
The most important rule for people to follow in my opinion is never invest any money that you cannot afford to loose. I know it is the #1 rule in investing in cryptocurrencies but it seems as though it is often overlooked.
Most of the people who have the FOMO or are looking for 'the next bitcoin' are new traders who don't fully understand what the cryptocurrency market is. Of course there is profit potential, but theres also the potential to loose every single penny they invest. Investors in the crypto market who want to 'get rich quick' by investing in the next big thing often loose most a good potion of their investment. Traders who are consistently profitable and have been for some time typically take safer and well rounded positions compared to new traders looking to use crypto investing as their way to 'get rich'.
Good advice, I hope they follow you, I do.