what most people ask me is:
So I heard you have invested in cryptocurrencies.
You of course bought some Bitcoins, and you may have also bought some altcoins.
and now all you have in mind is to do multiple hundreds of percentage of gains on them, in no time.
mostly because you think you are more clever than all the others by getting into crypto, and you think you can outperform everyone and get easy gains fast enough.
what you should always do is set goals. give yourself a timing and a finish line to reach.
let's say you want to make 5% gain, on your capital, in two days.
what are the things to do?
analyse the crypto market, stay focused on the news coming out online, get into the market in solid position, and once you reach your goal take your exit door, no matter what.
don't feel anxious if the market will make maybe a 20% gain with some more hodling.
don't feel bad if you see the price going up the week after.
don't blame yourself for having sold too soon.
this screenshot shows a very high volatility of cryptoassets. great possibility to buy at 502 and sell at 509, for example.
this shows huge advantage for traders.
get yourself in, and start trading with pre-fixed daily or weekly goals.
try to understand also whether you want to raise the amount of cryptocurrencies you have, or whether you want to accumulate fiat. this is an important strategy decision to take right from the beginning.
Nick
