Some of the investors, especially the newer investors, in our chat room continue to pose the question, "Which is the best coin?" So let me address this. There is no "best" coin. Coins are only as good as their current performance! Now I know some seasoned investors will flip out on that statement, but it's the fact. Some coins will continually perform, some coins will at times over perform, and some coins will at times underperform. This is the very nature of currency trading.
When we're investing, it's important to keep in mind that as "active" investors, we're looking to get in at the beginning of a major increase. But, even though we are active investors, we're also looking to capitalize on long term growth. As such, over performance or under performance plays a little part in the long-term health of our trading account. For maximum gains, you have to be active and capitalizing on major market moves and positioning yourself for long-term growth ... so get to know the "quality" coins for long-term growth and aggressive growth coins for fast gains. Keep you target growth realistic and don't panic on dips. Hold onto losing positions (for now) as this marker IS growing. And if you're trading in the top coins, it will soon come back, and reach new highs! Be patient! Keep your Bitcoins as a major percentage of your holdings so you're able to invest quickly in fast appreciating coins, and NEVER EVER punish yourself for taking a profit when you sell and the coin continues to go up! This is about realizing a profit on every trade, no matter how big or small!
If you like this article, please sign up today and follow me as I have a lot more coming up on this subject, and 'Upvote Me' so I too can get more Cryptos! Be Great!
