If You are New to Crypto Currency Trading, this Post is for You
You see newbies are all part of the same Facebook groups and read the same articles on Coindesk, Coin Telegraph and Bitcoin.com. This leads to some pretty comical action in the crypto sphere. If you have an eager group of people awaiting the hottest tip in Crypto Currency they will all jump on it.
This is How They Look When News Breaks.
You know how I know? I was the same way a few years ago. I had all my Google alerts set to the Crypto news outlets and constantly hung out in the Google Plus Communities, Facebook groups and on Twitter. This led to some major disappointment as I could never get those huge gains everyone was talking about.
Watching a bunch of children play soccer is the best analogy I can think of when trying to explain newbie trading strategies in Crypto Currency.
What You Can do To Avoid Getting REKKT.
- Accumulate good projects when no one is talking about them. Article
- Buy on rumors and sell on the news. Article
- Take a percentage of profits when a Crypto Currency is rising. Article
- Follow the Devs and join the Slack channels of the projects you are interested in.
- Do not buy without educating yourself first.
Here is Your Buying and Selling Cheat Sheet.
