Let me tell you the truth of crypto. Why do you waste the precious years of your life and precious money in crypto.
In crypto people lose their hard earned money with the hope that one day we will earn millions. Because of one wrong mistake they lose their hard earned money and also waste their precious time. I remember when I joined cryptocurrency in 2009, in 2011 the market touched all time high price $1 and I was very happy and I got my first profit.
After that I told my relatives and friends to take crypto, they used to say we don't believe in this and maybe this is some scam. But those people woke up in 2021 when the market made its all time high of 69k, then everyone started saying I wish we had bought.
At this time you people must also be saying that the crypto we bought in 2021 has dumped 90% 80% 70% from its all time high and some are even trading below their bottom. What mistakes do we make in crypto because of which this happens, we discuss that.
Mistakes
Wrong entry at wrong time and wrong exit at wrong time. If we enter at the right time and exit at the right time then we will not have loss, we will have profit. Just like I have seen 4 bull cycles in my life. Whenever the price pumps, after all time high it gives its buyers a chance for profit booking. The buyers who bought from the bottom do profit booking at resistance. Those levels are 40% 50% 60% dump which includes correction retest and a lot of technical things, profit taking.
In the market, after buying any crypto in spot if it goes down then you have to see what your mistake is. Did you buy it from the bottom or from the top. If in case it comes down then don't do panic selling. Keep DCAing it more and when another bull cycle comes again it will recover and give you.
In crypto people lose their hard earned money with the hope that one day we will earn millions. Because of one wrong mistake they lose their hard earned money and also waste their precious time. I remember when I joined cryptocurrency in 2009, in 2011 the market touched all time high price $1 and I was very happy and I got my first profit.
After that I told my relatives and friends to take crypto, they used to say we don't believe in this and maybe this is some scam. But those people woke up in 2021 when the market made its all time high of 69k, then everyone started saying I wish we had bought.
At this time you people must also be saying that the crypto we bought in 2021 has dumped 90% 80% 70% from its all time high and some are even trading below their bottom. What mistakes do we make in crypto because of which this happens, we discuss that.
Mistakes
Wrong entry at wrong time and wrong exit at wrong time. If we enter at the right time and exit at the right time then we will not have loss, we will have profit. Just like I have seen 4 bull cycles in my life. Whenever the price pumps, after all time high it gives its buyers a chance for profit booking. The buyers who bought from the bottom do profit booking at resistance. Those levels are 40% 50% 60% dump which includes correction retest and a lot of technical things, profit taking.
In the market, after buying any crypto in spot if it goes down then you have to see what your mistake is. Did you buy it from the bottom or from the top. If in case it comes down then don't do panic selling. Keep DCAing it more and when another bull cycle comes again it will recover and give you.