Find out once and for all what no one tells about crypto-currency cycles and how some became a whale because they learned to act at the right time.
The secret to succeeding in cryptocurrencies is knowing how to take advantage of the cycles, the rule is simple: “Sell high and buy low”. This is especially true for coins that the dpos system has a cooldown to unfreeze the stake (you think you are winning by leaving it in power up).
For example, the hive was recently worth $1 and is now in the 25 cents range. Imagine if you have about 1000 hive and sold some when it was worth 50 cents and the rest at 80 cents, averaged 70 cents and repurchased at 25 cents. At that point you would have 2800 hive instead of 1000 hive.
Risks
Of course this has risks, for example what happened with bitcoin could happen, the price went up and never went down. Or it may happen that you buy high and never recoup the loss.
These are the risks that all speculators run all the time, remember patience is your friend and money changes hands in times of crisis.
Notice:
Do your own research and make your own decisions, I am not responsible for your actions.
Originally posted on Crypto blog. Hive blog powered by ENGRAVE.