EVERYONE ALERT

A large man approached me, mentioning that he’s been following Bitcoin since 2013. I seized the moment to chat with him. He asked me what I did in the crypto world.

I replied, "If you’re just hoarding coins, you’re missing out. Are you just holding onto coins?"

He nodded, saying he’s been hoarding for 10 years. Then, he asked for my thoughts on the market—whether I thought it was better to go short or long. After some back-and-forth, it became clear that he was still new to the crypto space. He didn’t even know where to buy a cold wallet, which surprised me.

It seemed like he had only scratched the surface of the crypto world. For example, I explained that you don’t necessarily need to buy a cold wallet—you can use an old smartphone. I also mentioned that the short-term market is highly unpredictable, and many who claim to predict it are likely scammers. Additionally, I pointed out that K-lines can be manipulated by project teams and exchanges.

He simply replied, "I know."

But is that all? There’s so much more to consider before hoarding coins: How do you deposit and withdraw safely? How do you set up a cold wallet? Which coins should you hold? How do you manage your positions? What should you do when you’re struggling to hold on? How do you adjust if a coin gets delisted? How do you handle a market decline? There are countless strategies and pitfalls you might not be aware of.

If you don’t know these strategies, you’re left to learn through trial and error.

#Write2Earn! #MarketDownturn #CryptoMarketMoves #BullBanter #WBTCUnderScrutiny