When A Coin Falls, Keep Holding!
INTRODUCTION:
You should gain when you invest in crytocurrencies, not lost! This analysis on investing or trading your money in cryto will be of great help to you. Meanwhile I am not a financial adviser, I am just sharing a tip that works for me and I believe it will work for you too!
MAIN GIST:
Here is a clear/simple analysis on falls in cryto prices(mostly new tokens).
While price keep making impulsive moves and baby boys and girls starts hoping in, the whales gets excited and start accumulation. The volume and macd indicators will probably be showing weak prices, then boom, the awaited dip came.
During the dip, the baby boys and girls become fearful about losing their money and they start taking off their money and Capitals in little losses. The brave ones countinue holding!
Where do you think the money they lost goes to???
Another trader?
Be wise!
Don't just jump in to cryto market thinking it is that easy. You should be brave, wise, strong and patient enough to wait for a sunset! 💪
CONCLUSION
Understand why price behaved in a particular way. Be fearful when others are greedy and be greedy when others are fearful.
I'm not saying you should buy anything that is dipping! Just be a wise trader! Make researches!
Baby trader vs Whale
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View my older posts:
https://steemit.com/crytoacademy/@stan015/how-to-import-an-existing-wallet-from-trust-wallet-to-tokenpocket-or-vice-versa
Hi, you are right. This market is difficult, especially when you do not have money to buy cryptos and you are looking for apps or "free launches" (airpods) among so many frauds or false pages that in the end only take time away. I think another advice would also be that one should always inform oneself about what is new to come out of crypto. Greetings and good for the advice.
Thanks for your upvote and comment.
Your thought ain't wrong.
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