Hi all,
this is a list of all the mistakes i did. In my opinion, it is important to make mistakes, that is the only way to learn. It is like in sports, you try, you fail, you try again. Honestly, i taught that the way to be crypto-rich is going to be much faster and easier. well, my dear rookie, its not....YOU WILL LOOSE SOME MONEY for sure, but the potential for the future is just too enormous. Think of this, you are putting a few bucks in companies like 100 years ago that were called cocacolas, lewis-jeans and stuff...
I go back to Mt. Gox, still waiting for that money if ever to see it. I tried mining coins on my pc, staking it...you name it. well, that train is gone, so dont think of mining. If, than go for staking wallets....
some lessons learned during the years in crypto.....
- don' be a greedy idiot, all that goes up must come down.....-only if it doesn't (eth);))
- do not put all on one card, make a portfolio strategy and STICK TO IT....don't let greed overtake, because the other side of greed is fear....and fear-trading just sucks!
- do not let the Polo-trollbox or any other troll change your mind. Read, research, check info and make your own decision.
- BTC is king, ETH runs the show....she is the queen.
- Do not touch your ETH or exchange it to fiat, if you spend it invest it in ICOs. This way you are supporting the ecosystem, making growth possible. Other traders are just greedy prics that are interested in fiat. They still didnt get it....
- do not daytrade, set your charts to 1day candelstick and think in Elliot wave terms
- make yourself a target, when you reached it go out and watch the sun
this post will be continued ....