Quote:
Originally Posted by RichF90M5C
I've given up trying to understand what's happening with Bitcoin/ Ether. My investment has dropped by 60% since I bought. Do I cut my losses now, while it still has some value, or wait for it to pick back up again one day?
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Crypto is not an investment. It's gabling. And yes, every market needs panicsellers.
„Cryptos are too volatile, they say" Same applies to the stockmarket. Big stocks swing/crash like shitcoins.
I had to learn it too. Buy when everything is crashing. DCA the weeks/months after the crash. Sell, in bullmarket. Not all at once! Sell on the way up. Then, when everyone and they're grannies buy Bitcoin and dream of Lambos and financial freedom.
And never, NEVER EVER leverage trade!
I'm buying now and the next months, until the bullmarket really takes off. It will happen again, in 1-2 years.
I'm not a financial advisor, so this is not financial advice. Just how I play it.