I will explain why it is important to learn money management, Before entering the world of crypto.
I'll ask why you want to get into crypto?
There must be a lot of hype, right?
There are many new influencers who join crypto and continue to invite people to play and their patterns are already predictable.
Come on, buy this #coin , you'll hit the moon or if their analysis is wrong they'll keep saying diamond hand, just hold on, don't sell, you'll regret it.
oh yeah, forgot the current mainstay phrase "everything will be crypto in due time"
OK, continue
Many of the people discussed are not far from;
technical analysis
fundamental analysis
until you get mental 😃 😃 😃
Well, the reason why I told you to learn money management is so that if you experience a loss you don't feel like you've lost and then complain on social media or don't ask questions like this.
Bro, he said he wanted to go up, why is it a dump?
OK, I copied my favorite sentence to caper a friend who just joined Crypto every #bull and dumped it to make a story.
Oh, what's going on, bro, why is there a landslide?
Where to play using college money + borrowed money.
Please, sis, is there a solution? Is it better for me to leave college and run away? Or just admit it but then get beaten or die altogether, OK?
Oh, I'm mostly joking,
So I assume you have savings of 100 million and then if you want to get hyped about crypto, you want to join.
Don't use all 100 million, but use what percentage of the money you are ready to lose.
Well, I'm ready to lose 10 million.
Wow, that's quite a big nominal amount for beginners who have just joined, hehe
Then follow the influencer you followed earlier, he buys XRP immediately.
Wait a minute, the 10 million must be divided again, not all, but 1% of the 10 million.
namely 100 thousand, you buy that coin.
after making a profit, don't forget to sell straight away.
With the capital you have, just looking for a profit of 1–3% per day consistently can beat deposit interest.
10 million, continues daily 1%.
if it's more than 1%, just consider it a bonus.
already 30% per month = 3 million from initial capital of 10 million.
Gedekan of ?
But I ask again, are you able to continue to be consistent?
and for one month if the price goes down, it goes down and keeps going down 🤪
Are you mentally ready to lose? 🤭🤭🤭
Because sometimes the ups and downs are uncertain so you can get mentally affected and become afraid to buy.
So money management must be prepared because apart from that, you can also be a greedy person and use the phrase "sure to go up".
Hold hold #hold I think that is the last sentence used by people who have to buy at the top and even down.
If it keeps going down, is it better to cut lose then buy again at the bottom?
It's a different story if Buy and Hold are the goal for the Long Term.
So sorry if my sentence seems confusing, because I feel like I need to say this so that beginners are ready. I happen to be playing first so I try to tell you things like this and are often ignored. That doesn't mean I understand better, I'm still learning.
The main reason for writing this is because there are so many influencers who continue to invite their followers to join crypto. So I feel sorry to see that many traders in the group are complaining and most of them are trying to make a profit during these difficult times but are losing money.
That's all, I hope you always make a profit 🚀🚀🚀
Have a nice day 😘😘😘
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