In 2017, Bitcoin almost 20X in price, many countries around the world recognized it as a form of currency, it received a ton of news coverage and online interest because of the value increase of Bitcoin.
In 2018, Bitcoin lost almost 83% value from its ATH, many investors left the crypto. Public has lost its enthusiasm for Bitcoin and altcoins!
However, I am predicting that the price of Bitcoin will hit between $10,000 — $14,000 by the halving date and $50,000 by the end of 2022, while 60% of all other cryptocurrency projects will go to “ 0 “ , because their value is just speculation, but nothing.
There are over 2000 coins on coinmarketcap . The real number is close to 3000 right now. Know what you own, and know why you own it!
Whether you are just beginning your crypto investing career or have been investing for some time, it can be tricky to navigate the crypto market at times.
About 90–95% of the traders / investors lose money on Crypto Market, especially beginners. This is a well-known and publicized statistic. And it’s true!
The reasons are manifold: greed, lack of Crypto education, no consistent Crypto strategy, follow wrong people without Do Your Own Research. Usually no more complicated than going to Las Vegas all excited with some cash in your pocket and little common sense or skill in your head! The casino wins. You lose. So why, when the odds seem against you, does Crypto still attract so many new investor every day?
Because most people trust in their good fortune and are willing to take the chance for fast profits. But the smart, experienced Crypto investor does not compare himself with a gambler nor a Las Vegas casino person. For the smart investor it’s an art, skill, and patience strategy!
Smart investors are also listening to the streets of crypto, so to speak, as many cryptocurrency enthusiasts have realized that news and community emotions can move the price of bitcoin.
For instance, if there is a large exchange hack or some government ruling in the short term you can probably guess bitcoin’s price will go down a touch. If there is positive news like CME and Cboe opening futures markets some people bet the price would go up. Most traders are listening very closely to all that happens in bitcoin because they have a lot of skin in the game.
Sometimes you just have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it just didn’t work out the way you planned it. Either way, the best thing to do is just admit the mistake, dump the trade, and move on to the next opportunity.
Accept that there is no such thing as a free lunch. Winning at crypto trading takes work just like anything else.
The key to trading success is emotional discipline. Making money has nothing to do with intelligence or luck. Never gamble if you do not know what you are doing!
7 GOLDEN CRYPTO INVESTING RULES
1) Never overtrade
2) Don’t close trades without a good reason.
3) Your stake size should not be more than 5% ( 1 - 5% ) of your capital on any single trade
4) Do not FOMO, but consider the effects of FUD
5) Don’t try to guess tops or bottoms. Let the market show you that it has genuinely made a top or bottom.
6) Never buy or sell just because the price is low or high
7) Risk Only What You Can Afford to Lose
Be in a profit at the end of the day! Dont forget The S&P averages 9% per year. In Crypto, So many people want to do 100% overnight and 500% in a week. If you only focus 5% daily / weekly . You will amaze with a result. How?
- EngineeringRobo strategies
- Support & Resistance strategy
- Moving Average across strategy
- 20% profit strategy
Dont know what are they, Check out EngineeringRobo then!
Over 250 people can’t be wrong.
DISCLAIMER: Do your own resource and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice and if I really need to tell you this then it’s best to keep your money under a mattress anyway because when you lose it you’ll only blame other people for your mistakes rather than yourself.
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