I'm losing more than 50% on Baby Doge. Will it appreciate more than 100% so I can recover?
I'm new to Cryptocurrencies and I bought at the top.
I'm new to Cryptocurrencies and I bought at the top.
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Obi-Wan CoiNobi
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===> Article for our beginner friends (superficial analysis).
$DOGE $1MBABYDOGE - Dear readers, friends of the Crypto world - this message is aimed at our dear beginners who still operate with few resources. The people who are starting to experience the movements in this world of digital currencies. Guys, I tried to put myself in a situation where, for example, I had about USD$ 50.00 and was in doubt between betting on DOGE or its offspring ($1MBABYDOGE ).
If it were my case, what would I do???
Guys, in the case of this conformation I would put about USD$ 35 in the father and USD$ in the offspring. Reason?! I believe that the lower volatility of $DOGE compared to $1MBABYDOGE and its chances of growth would make me allocate most of it to this currency. In turn, if $1MBABYDOGE really shows its face, I believe we will have a chance of greater gains in a shorter time frame (compared to $DOGE). However, we need to be very careful because it also brings with it greater volatility. Despite being a very promising project, the BABYDOGE community is still smaller and less consolidated - the currency is more recent and therefore demonstrates the characteristics inherent to newer currencies.
Guys - I didn't go into a more in-depth analysis to try to speak in a way that the little guys who are just starting out can form a line of reasoning that will help them in their next moves. Always keep in mind that the step you are going to take needs to be thought through. Moving from one currency to another without significant gains can result in a significant reduction of your resources. Don't be lazy - if it goes down, wait a week or two to make a decision, but don't keep moving around all the time. Day Trading with peanuts (small amounts of money) can mean certain loss 👍
Good Luck to All 🍀 and Good Profits $ 💰
MAY THE FORCE BE WITH YOU!!!
$DOGE $1MBABYDOGE - Dear readers, friends of the Crypto world - this message is aimed at our dear beginners who still operate with few resources. The people who are starting to experience the movements in this world of digital currencies. Guys, I tried to put myself in a situation where, for example, I had about USD$ 50.00 and was in doubt between betting on DOGE or its offspring ($1MBABYDOGE ).
If it were my case, what would I do???
Guys, in the case of this conformation I would put about USD$ 35 in the father and USD$ in the offspring. Reason?! I believe that the lower volatility of $DOGE compared to $1MBABYDOGE and its chances of growth would make me allocate most of it to this currency. In turn, if $1MBABYDOGE really shows its face, I believe we will have a chance of greater gains in a shorter time frame (compared to $DOGE). However, we need to be very careful because it also brings with it greater volatility. Despite being a very promising project, the BABYDOGE community is still smaller and less consolidated - the currency is more recent and therefore demonstrates the characteristics inherent to newer currencies.
Guys - I didn't go into a more in-depth analysis to try to speak in a way that the little guys who are just starting out can form a line of reasoning that will help them in their next moves. Always keep in mind that the step you are going to take needs to be thought through. Moving from one currency to another without significant gains can result in a significant reduction of your resources. Don't be lazy - if it goes down, wait a week or two to make a decision, but don't keep moving around all the time. Day Trading with peanuts (small amounts of money) can mean certain loss 👍
Good Luck to All 🍀 and Good Profits $ 💰
MAY THE FORCE BE WITH YOU!!!
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.