THE MOST VALUABLE LESSON I LEARNED IN THE CRYPTO MARKET:
• Patience usually pays off very well. If you don't have patience with the market or the altcoins you're positioned in, you'll most likely only serve as liquidity.
• If you continue to despair every time the market corrects and take a loss because you don't have the patience to let the market make its move, you'll lose a part of your crypto assets. You'll literally leave your money on the table. You'll most likely have to pay a toll to get back to those same coins you got rid of in desperation when they start to soar again.
• Drops are opportunities to improve the average price or buy more tokens of that asset you like.
• Crises and panic are nothing more than wealth changing hands. Are you sure you want to leave your money on the table? Think carefully before taking a loss, because once you sell at a loss, you're accepting that loss.
• Drops and price fluctuations do not mean a loss. It's only a loss if you make a loss.
• Beware of supposed crypto mentors and supposed senior traders, most of them have no basis whatsoever for what they say. Learn from this: not everyone wants to see you prosper. If you're a newbie, you've probably despaired at some point after reading a post on Binance Square. Obviously, there are experienced people trying to convey their market vision, but there are many people who post even without having the slightest knowledge of the market, leading many people to despair and get rid of their crypto assets.
• Keep your eyes open. This market is alive!
• Patience usually pays off very well. If you don't have patience with the market or the altcoins you're positioned in, you'll most likely only serve as liquidity.
• If you continue to despair every time the market corrects and take a loss because you don't have the patience to let the market make its move, you'll lose a part of your crypto assets. You'll literally leave your money on the table. You'll most likely have to pay a toll to get back to those same coins you got rid of in desperation when they start to soar again.
• Drops are opportunities to improve the average price or buy more tokens of that asset you like.
• Crises and panic are nothing more than wealth changing hands. Are you sure you want to leave your money on the table? Think carefully before taking a loss, because once you sell at a loss, you're accepting that loss.
• Drops and price fluctuations do not mean a loss. It's only a loss if you make a loss.
• Beware of supposed crypto mentors and supposed senior traders, most of them have no basis whatsoever for what they say. Learn from this: not everyone wants to see you prosper. If you're a newbie, you've probably despaired at some point after reading a post on Binance Square. Obviously, there are experienced people trying to convey their market vision, but there are many people who post even without having the slightest knowledge of the market, leading many people to despair and get rid of their crypto assets.
• Keep your eyes open. This market is alive!