What Do You Mean HODL Bro?!?!?! | DTube Video
Sheeeeesh
That’s really all I can say. That was a big one. The crypto markets crashed heavily and we aren’t even sure if it’s over yet. And amid all the excitement (and fear) I wanted to go over some important factors to remember when getting involved in the crypto investment world.
If you don’t have time to watch the whole thing, shame on you! No just kidding, here’s the breakdown:
- Don’t invest money you can’t afford to lose.
- Stay away from Ponzi schemes
- Understand that HODLing can be dangerous and can end in total loss
- Don’t invest money you can’t afford to lose… Again.
Hope you guys liked the video, let me know what you think in the comments below! See you guys around!
I believe that everything I desire to accomplish, will in fact be accomplished.
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my bro is at it again!!
Oh heck yeah! That sound quality just keeps gettin' better and better! Love the effects.
Thanks man, looking to do even better. Not sure if I'm going to go with the lapel you made a video about or with the AirPods from apple haha
Airpods work pretty well. I know some guys that have used them, but they are difficult to hide haha. But then again....they have multiple uses... Decisions..Decisions...
I totally agree. Cryptocurrencies are a risky investment. It is also very exciting.
Thank you spencer for that video!
If you believe the stock market experts, cryptocurrency are currently within a huge bubble. But I'm pretty sure that almost anyone who says so in public have invested by themselves. Here in Germany, the news are full of the current state of the cryptocurrencys. If they loose in value, suddenly all the news platforms warn that everything is going to crash and you should cash out immediatelly. If they go up in value, they deliver storys of people who invested like 1000€ and are multiple millionaires now
Yeah definitely a lot of wishy washy people out there. Even JP Morgan bought bitcoin after calling it a scam.
Definitely an awesome advice bro! You should definitely inform yourself FIRST before you invest in any coin. Don't just invest in it because it looks cheap and you think that it might grow, but actually know something about it!!
Thank you for sharing this with us man!
Winny out...for now ;)
No problem brother!
P.S Bye Winny... For now! haha
Hold points are technically called "stop loss" and should be planned prior to a devaluation, not during. They should be based on the price of your initial investment, where you project the bottom to be, where you see the recovery to be.
I highly recommend tiered investments into crypto. You would invest half of your funds at first when a crypto is steady, and set your stop loss at a reasonable point above and below that baseline. When a climb occurs, begin investing half of your remaining funds, set your stop losses, and invest the next half and so on.
When crypto drops, strategic stop losses will protect your investment or prevent more significant losses.
Yeah easing in your positions is a good way to secure profits.
people that invested can't go back on the decision they made. those who haven't have to think hard about this decision, don't lose hope. this happens in the stock markets. the winnings are mega sweet but the losses will hit you down to the ground.
That's true. Good food for thought.
for now the market price will rise again
yeah for two days there it was all RED RED RED -- not nice!
Not fun for anyone, that's for sure.
Solid Advice bro.