You are viewing a single comment's thread from:

RE: Has your vision on how to invest changed?

in Project HOPE3 years ago

Investment is a bit like marriage, I mean on getting attracted.

Some hot cryptos... but the stragergy depends on you as a investor...

How much are you spending time trading for crypto projects you based on hype to make good profits.

If your a active trader and abreast of project happens...you can be sucessful.

But that's risky...

What I learned is having patience is key... and you don't need to buy hot cryptos... but cryptos that are sound like BTC, ETH, and mid cap ones DOt, Atom, Matic and chill... follow these projects... price action and developments.

Then eventually grow your portfolio to other newer crypto projects after research...

Taking profits is important because else obviously in bear market you will be at a loss...

I am completely broken in my crypto journey(: ... meaning did not become rich or make much wealth inspite being in space since 2019... so you got to be smart as well... street smart.

Diversification is important and being decisive, for good projects in terms of populatiry can collapse - like Terra did or celsius...

So, I would say be happy with your pace of investment, even if gains are slow and expand slowly and in the long run it will benefit.

Not sure it made sense... always know your crypto too as much as possible, be ready to change or sell it if its not suitable, no one is married to their crypto holding.

its easy said than done, coz I wanted Monero for long selling my DCR but waiting to break even atleast in DCR to exchange it for Monero... its hard decisions... anyway

Sort:  

having patience is key

100% agree with this statement.

The truth is that most of those who focus on trading lose, because it is not an easy thing to do.
But learning it is worthwhile. I particularly like it. I think it is a matter of personal taste, but there are always options for everyone.
There are difficult decisions to make, I know, but that's also what it's about, learning to see what's best for us. Thanks for your comment

Coin Marketplace

STEEM 0.17
TRX 0.24
JST 0.034
BTC 95696.21
ETH 2793.14
SBD 0.67