Crypto is extremely volatile and anything can happen here. In this market always invest only the amount that you can tolerate losing.
Never invest more than your limit. Never invest an amount whose loss you cannot afford. Recently a few hours ago you must have noticed a coin that went from $19 to $7,500.
Yes, look at the #BIFI chart and you will understand what I am saying. This pump happened in just 10 minutes and very quickly it came back down.
Now imagine that if you had invested only $100 at $19 then by now you would have made a profit of $40,000.
In the same way if you had invested $1,000 then by now you would have made a profit of $375K. That is why it is said that the crypto market is super volatile.
Here you will get more opportunities but not everyone will be able to grab them. Only lucky people will get them. It would also be wrong to say that those who know crypto can grab this profit. Rather I say that those who are lucky will not miss such opportunities.
According to my view crypto depends 80% on luck and 20% on your understanding and knowledge (analysis)
What do you think? Is crypto really based on luck? Will you agree with me? I will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.