Newbie read this!!!

Newbie read this!!!

By My_crypto_Ideas | MyCryptoIdea | 18 Jan 2021


Today I would like to pay attention to those subjects that I sell to clog up chat, groups and youtube channels. These individuals tend to have little or no knowledge of what they are doing, much less what they are investing in. They enter communities pushed by a friend or by the news, believing they will become rich in a few days. Well let's make a fundamental concept clear in black and white, if you are reading and you recognize yourself you are taking a cue to improve your status:

In this world you do not get rich much less overnight.

You're not going to be the type who took the big opportunity and missed it. Maybe if you entered  7 or 8 years ago and only found your private keys today yes, you would have been rich, otherwise you would have at best earned a x2 believing you made the deal of a lifetime. There are very few, I believe they can be counted on the fingers of the hand, the people who over the years have had the courage and the firmness to keep their cryptocurrencies steady, and today they have a capital in their hands.

I'm sorry but I repeat you will not get rich in this market. Just as in life to make money in investments there are two necessary conditions: knowing how to control your emotions and having a good knowledge of what you are buying.

Without the ability to manage your emotions you will simply end up being overwhelmed by the market, so you will buy under pressure from Fomo and sell on the first major market crash. Even if you had acquired the gem that would have made you rich in the bull market you would not have been ready. The second aspect concerns the knowledge of the product on which you invest, let's assume you were smart and lucky enough to identify the gem of the market, you do not have the knowledge or the experience to understand where it can really go in terms of price, so will you come out at x3? at x4? And if it did a x 1000? Would you have the courage in the retrace phases to hold? 

Let me give you some advice my friend, If you are reading and you are inexperienced, you are still very lucky because you are on the right train so never get off. By this I mean not investing in unknown projects pushed by the fomo, take a bitcoin pac and rest assured that if you are constant and stick to the program you will have considerable satisfaction from now to the next 10 years. Yes I said 10 years remember you don't get rich overnight?

Once you have set the pac and got on the right train you will be calmer and you will have the opportunity to study other projects, over time you will acquire that sensitivity that allows you to know what is good and what is not. I leave you with one last piece of advice DO NOT TRADE, in the traditional market only 5% of traders are profitable, here with exchanges playing in an unregulated market it is practically impossible, the market does not fight. Choose projects you believe in investing in and stay on board until you hit the iceberg or make your fortune.  

 

Good luck colleague !!!  

  

How do you rate this article?

1



MyCryptoIdea
MyCryptoIdea

My opinion of the crypto world

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.