Is the #Altcoin I Hold Valuable?
Sometimes, thoughts like this suddenly cross your mind, and I’d like to share a few reasons why.
1. The price of your coin suddenly drops.
2. When the coin's price is moving sideways, these feelings arise.
3. Why isn’t the price of my coin rising?
Having these thoughts indicates that your entry point was wrong from the start.
The basic principle of investing is to buy when prices are low and sell when they are high.
We have witnessed coins rise by 10x or even 100x.
This leads people to wait, sometimes unknowingly.
However, in reality, less than 1% of people actually achieve such profits.
The reason is that they hold too many different coins.
For those with smaller capital, it is better to focus on just one coin.
As mentioned earlier, buy when the price is low and sell when it’s reasonable.
Though this might be the hardest part, I believe we are currently in a period of low prices.
Don't buy random altcoins; instead, purchase coins that are reasonably priced.
Invest only what you can afford to lose, and when the price rises, sell.
Stay in the market for the long term, and use the profits you’ve made to buy more coins when prices drop again.
Without being greedy, if you keep doing this for a few years, your approach to crypto investing will change without you even realizing it.
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