Before you buy or sell you altcoins read this ❗️

👉🏼It took #BNB 4 years to reach above $100

👉🏼It took #SOL a year to reach over $100

👉🏼Well performing altcoins are those that directly solve problems or support existing blockchain of major crypto currencies

Think about the real problems crypto faces: withdrawals, security, fees, speed of the transaction

👉🏼The rest are generally startups: some have major fundamental potential but in real life it takes startup 5-7 years to make substantial exit. It is similar here

👉🏼5000% growth of a coin that costs 0.7 today brings you to $35 per coin. Investing $100 you can expect $3500. That’s not 1M

👉🏼If coin you selected dropped or rose, in a short time period this move has no significance

👉🏼Long-term spot trading is the only safe way to deal with altcoins. They can change trading volume from 200M to 50M literally overnight.

If some guy places order for 1.5M it is 3% of the total volume, and you can’t protect yourself from fast speculative movements hitting your SL.

👉🏼Speculative fast trades are better on established currencies $BTC and $ETH. With all the risk involved, banks and large financial funds do day trading: it is def an option. Trading altcoins daily is an option where risk is way above reasonable

👉🏼If your altcoin doubled, withdraw the initial investment. This way your risk reaches 0

I hope you find this useful

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