It is not advisable to enter the market without a clear strategy
Happy 2024 to everyone. The crypto market is a fantastic place where new investors appear every day thinking that they are going to become millionaires overnight, however the reality is completely different since this market is still relatively new and the vast majority of projects are 100 % speculative with a very high risk of losing everything.
If we add that the vast majority of people who operate in this market do so driven by both fear and Euphoria and lack knowledge or a strategy before investing, the chances of success and making money are much lower.
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Why it is so important to have a cryptocurrency investment strategy if you have been investing in cryptocurrencies for a while I don't need to tell you much but if you are new. Stay with this! This market is truly crazy, cryptocurrencies are an extremely volatile roller coaster above any other asset and what is worth 10 today could be worth 100 tomorrow and zero the next, and this volatility is usually paid for by newcomers to the market.
The most novices usually enter the market without having any knowledge for fear of missing out on the opportunity and, carried away by emotions, they end up, in the best of cases, being left with their capital trapped for several years or in the worst, quickly losing all their money and this is here. where having a strategy plays a crucial role since, believe me, you live a little better and more relaxed.
Knowing how much money you are risking at what times to buy and especially when to profit progressively since this will greatly simplify your life and you will be able to leave emotions aside and at the end of the day I share all this from my own personal experience because even having an investment strategy at the end of the day We are human and many times emotions make us go through bad tricks.
In fact, I don't remember a single time that I have departed from my strategy and things have turned out well, but on the contrary, I have lost a lot of money buying real garbage thinking that they are going to be something tomorrow because they make my head hot. my friends or acquaintances and I don't do the analysis opportune as happened to me with the nfts of the lands of satoshi Island.
I also stopped earning a lot of money in projects that I invested in the past in the pre-sale phase and I never made any profits because I thought they were going to make me a multimillionaire tomorrow, because of greed and going outside of my strategy I ended up selling everything, you could say. that today I would be a millionaire but the reality is different.
If I could talk to my self from 5 years ago, I would remind him of the importance of having and above all of being faithful to his strategy, things that you have to take into account when preparing your strategy first of all and I have probably already repeated this more than 50 times in my posts. It is only investing money that you can afford to lose and by this I do not mean that you go with the mentality that you are going to lose all your money.
Quite the opposite, knowing what amount you feel most comfortable with so that in the event that you have that capital blocked for a long time or in the worst case scenario that you lose it, everything will never affect your finances and will not make a hole in your The second thing is to diversify your pocket and you will win, and I don't think I need to delve much into this point to understand that the risk is not going to be the same if you invest everything in a single card in your strategy.
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It is good that we approach the market with caution and with a clear strategy.
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