Being Positive: Crashed Markets Still Grow
Trading is a long term strategy. Take profits regularly, avoid trading on credit. If the cryptocurrency market crashes, what will your fiat position be?
If the cryptocurrency market crashes the exchanges will be overwhelmed and becomes frozen. Good projects will survive, but will your domestic finances?
Stock markets crash, property markets crash, and so will cryptocurrency markets. Stock and property recover, and so will cryptocurrency, but recovery takes time.
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Yap, totally agree. Trading should be long term and cryptocurrency market is really no different than other markets. There is just a new and fancy trading medium. The only difference is that we now have "cryptomania" instead of "tulipmania" :)
(https://www.investopedia.com/terms/t/tulipmania.asp)
What you say is true, you must think in terms of long term, when a coin falls is the perfect opportunity to buy many coins! , at the end people will continue to inject money into the cryptocurrencies and at some point that money could go through that currency and shoot very high its value
I think the cryptocurrency is about ten years old but it is becoming more common in companies' portfolios. "It is important to make a clear difference. There is volatility in the short term, but in the long term it is a different story, and investment in cryptocurrencies requires patience, since they are within a volatile market, supply and demand, so any event has a direct effect on the price.
exelent post ... carryon ... @coldmonkey
Nice information friend @coldmonkey
excellent information dear friend @coldmonkey