We all have that friend or family member that goes on and on about how he bought bitcoin at $10 or use to mine Doge and had 30 million and sold for $100 lol. But since the market is moving so fast there are a lot of regrets on selling your coins and having them double next week... So I dont know what others do but I have multiple Trading accounts and multiples reasons why.
One account is for long term where I dont touch it other than to add more coins and just let it grow. I gave myself a two year lock not to touch it and its worked out well.
The second account I have is a play account where I keep a set amount in there and buy and sell daily. But anything I make over my set account limit I add to my long term account or other accounts.
The third account I have is for shit I want...lol So if i want to buy a car or a vacation (expedia accepts bitcoin BTW) I use this account for that. That way im not attached to it.. No one wants to be like scrooge MC Duck :)
I found trading in coins is very psychological, and you need to have a plan otherwise you will be coin rich and cash poor which is not cool to explain to your girlfriend while you take her to Mcdonalds and your portfolio is over 100K
Curious to see what other methodologies are.
