I did not nor all those who have stumbled in beginers mistake circle know. This post from Tony is worth reading and keeping in mind for everyone that wanna avoid doing the same mistakes. #Beginers #Learnfrommymistakes #goodtips
LIVETony-Stark
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Let me share a common scenario that could happen to you in the next 6 months, and how to avoid it. It’s happened to me and countless others. Pay attention:
You buy a token at $0.001 with the aim of it reaching $0.005 for a 5x gain. It climbs to $0.0044, then starts to dip. You panic sell. It dips a bit further, and you feel relieved.
You forget about it, but next time you check, it’s at $0.0055. You feel bad and decide not to buy because you’re in loss aversion mode. It keeps pumping. You wish it would dip to your sell price. It almost does, but you lose interest, thinking it will dip more.
It starts pumping again, and you’re indifferent. Before you know it, it’s at $0.01. You could have made 10x but missed out. As it hits $0.1, you realize you missed a 100x opportunity.
The key lesson: cryptocurrency is an investment, not gambling. Don’t panic sell. Do your research, invest, and hold. For instance, Wif was at $0.002 this year and is now above $2. Notcoin was at $0.005 and now it’s at $0.02.
Don’t let short-term emotions cloud long-term gains. Wishing you success in this bull run.
Follow for more tips and guidance.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Ethereum_ETFs_Expected_Date #CPI_BTC_Watch
You buy a token at $0.001 with the aim of it reaching $0.005 for a 5x gain. It climbs to $0.0044, then starts to dip. You panic sell. It dips a bit further, and you feel relieved.
You forget about it, but next time you check, it’s at $0.0055. You feel bad and decide not to buy because you’re in loss aversion mode. It keeps pumping. You wish it would dip to your sell price. It almost does, but you lose interest, thinking it will dip more.
It starts pumping again, and you’re indifferent. Before you know it, it’s at $0.01. You could have made 10x but missed out. As it hits $0.1, you realize you missed a 100x opportunity.
The key lesson: cryptocurrency is an investment, not gambling. Don’t panic sell. Do your research, invest, and hold. For instance, Wif was at $0.002 this year and is now above $2. Notcoin was at $0.005 and now it’s at $0.02.
Don’t let short-term emotions cloud long-term gains. Wishing you success in this bull run.
Follow for more tips and guidance.
#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Ethereum_ETFs_Expected_Date #CPI_BTC_Watch
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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