The crypto market has been in red for over a week, since the last bull market in October, crypto market has been experiencing a steady drop in price. The major feature of this kind of market is Investment loss. Bitcoin and other major coin has lost over 50% of the highest price.
Taking right Investment decision is very important to a crypto investor and trader at this time.
Today I want to share a basic secret of what I did to escape crypto loss. The first thing I did was to distinguish my short trade or long trade. Many people are losing because they don't distinguish their short trade and long time trade . Long time trade and short time trade are two different things. When you make up your mind to buy a coin for a long period of time it is a long time trade, buying a coin within a short time frame is a short time trade, this requires deep knowledge. The process of avoiding loss in this two forms of trading is far different from each other. For now I don't see it safe to go into long time trade.
If you have been following my post I mentioned that the market is going deeper. It very important to know that buying the deep can be a scam because the deep can be deeper. Those that bought the deep last 2 weeks are in big loss now. Truly crypto is a game of patience but when crypto crush you, something deep in your mind will tell you that you need more than patience to make profit in crypto
Just as I wrote In my last post (it's time to move to a safe side). I moved to a safe side and am safe right now. The crypto market talks so you need to understand what the market is saying at every given time. All I did was to move my coin to a stable coin like usdt and hbd.
All my long time Investment is safely stored in a stable coin, it's not bad to go into short time trade, but you need deep knowledge about trading.
Hope you have learn something from my post