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properlogic
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It climbed faster than you expected. That’s crypto for you.
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Problem is people expect to earn a lot from crypto with low initial investment. Because everyone is earning so much, maybe a $10 investment can turn into $1000 and to $10,000 and so forth. That’s what pulls small players in. But small players have small liquidity and they often try to punch over their weight especially with leverages. They believe they are investing a small amount. A few dollars maybe. But they unexpectedly take on leverage. And with the market swinging wildly in crypto, these small players are often seen scurrying for liquidity. So, if you plan on investing in crypto, my advice is to start with a reasonable amount and always create a strategy. Blindly entering markets, following “signals” from here and there won’t help you in the long run. Your first few gambles may pay off but if you keep following the wrong strategy, the market will get you. And like they say, the House always wins. Even targeting 1% growth daily with a reasonable amount will get you somewhere within a year, but expecting to 2x or 5x your investment overnight with a small amount, 9 out of 10 times you will lose. That’s why they say it’s easier to get from $10,000 to $100,000 in crypto but harder to get to $10,000 from $1000.
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HOLD
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ALTS creeping up. Fingers crossed.
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Bear trap loading..
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