You are viewing a single comment's thread from:
RE: Case Against "not investing more than you can afford to loose" And Why Letting a Monkey make your Investment decisions is an Objectively Viable Strategy.
There aren't many cryptos that aren't higher now than they were 3-6 months ago. If you went all in and held since then you would have cleaned up. That being said there are people who buy a coin and expect overnight moonshots and cry incessantly when it doesn't come to pass, then panic sell at the low point. These are the folks who are always crying scam. Sometimes all you need is the will power to hold your position even when it looks bleak.
If you do enough research you can build up that confidence to HODL through all the dips. Year in stocks is barely a week in cryptos. Crypto trading will breed a generation of veterans in a very short time. Of course it'll also kill many more weak hands in the process. Crypto trading isn't that different. It's just plays 50 times faster.