In this post I want to share with you a few of the tips I've received by following a visionary cryptocurrency trader named Francis Hunt. The following are a few tips I have learned from him that I'd like to share with you.
Don't short the market. This could put you in a very bad situation as the market can turn around so quickly that you could be liquidated while you sleep. Unless you are a master cryptocurrency trader you will probably lose if you try to do this.
Don't try to sell your altcoins expected to get them at a lower price (particularly in a bull market). Many people have sold their coins expecting to get them back at a lower price but sometimes they go up and just don't come back down!
Don't trade on leverage (borrowed money). Patience is the name of the game. In the crypto market things are constantly growing and in a growing market buying and holding is a winning strategy!
I strongly agree with the points made by Francis Hunt in this video. Crypto is not 'Tulipomania' (a time when Tulips became insanely high for no logical reason other than people just seemed to keep bidding them up into illogical price levels). You can trade crypto and it is and can be used like money. Watch the video here to here Francis Hunt make some incredibly valuable points.
These points are up for debate but I think they will support a very logical and successful trading strategy that will make people who follow it money in the market. Please leave your thoughts and comments below.
Thanks for reading!
