“Crypto is very volatile,” she tells TIME. “We’re going to have nasty downturns. And that’s okay. People get confused and think, ‘Oh, I’m going to have massive gains all the time’—but that’s not the way things work. Because we have volatile massive gains, we’re also going to have volatile massive downturns.
Price dips can also serve as an opportunity to buy more of a coin that you have faith will perform well in the future, says Lea Thompson, the founder of“I’m really invested in projects that I think will have a lot more value long-term than where they are currently,” she says. “For me, those are Bitcoin and Ethereum. If you’re flipping a NFT or trying to get a great return on some other alt coin, there’s a lot of potential money to be made.
“I think any experienced trader will tell you that unless you really know what you’re doing, you’re setting yourself up for a challenging time,” he says. “Leverage is great when the market goes up, but if there’s a sudden downturn, you can get liquidated. That’s something I’ve experienced personally and while it wasn’t a devastating loss, things like that help you learn to minimize risk.”
“When the market is green and doing really well, you should have specific profit taking scenarios for when you’re entering, when you’re exiting, and all those types of things,” she says. “Vice versa, you should have the same for when the market is in a downturn to figure out how much you’re willing to lose. If you have these set criteria for yourself, when the market does turn, you can just go ahead and execute based off the assessments you made.
This is more important than any bells or whistles of any alt. Only bitcoin can solve this problem. You all should follow Thaunicornswag his tweets, tips and predictions have been really helpful in the space
There should be a Law that Says ALL Politicians and their Old Ideas and Idealogies Retire At 55. MANDATORY!
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In all Ponzi schemes, those who got in early, with big bets, win big. Or, those who ensure late riders are bumped off by shocks and then show their own gains for another lot to try their luck.
Unregulated Currencies to serve the principle desire of 2% in the name economicdemocracy
when will mainstream media put in the necessary research hours to understand the crypto space?
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