How are you wonderful people from Read.cash?
It looks like the long awaited uptrend for the end of the year has finally arrived in the cryptoverse. And as I was reviewing the charts a while ago and thinking about what decisions I should make. I thought it was time to remember some lessons learned over the last few years since I started trying to understand the cycles of the cryptocurrency markets. I'm well aware, I'm far from having learned the bare minimum of what I need to learn. So these notes are just a reminder to myself. They are obvious, but easy to overlook in the euphoria of the uptrend markets. Of course, feel free to read them because maybe at some point, keeping them in mind can help you too.
CoquiCoin, in these days and the ones ahead between now and the end of the year in the crypto markets, please remember the lessons learned in the past 5 years,
Don't get carried away by FOMO
By now you know what the FOMO is, but it's not a bad thing to remember and don't fall into the fear of missing out when you read the tweets of G*, C* and company, saying things like this or that coin will never be worth what it is worth now again in the future, and that if you don't buy now you are missing the opportunity of a lifetime. Please ignore them and keep on going with your business.
Remember to take profits
Don't get carried away by greed. Set your goals. And remember that a profit, no matter how small or big, is only a profit if you take it.
Accept losses and move on
Remember that stubbornness is not a good counselor, accept losses and don't wallow on them. The best thing you can do is to accept them, learn from your mistakes, and move on to the next opportunity.
Manage time
When you are euphoric about market movements it's very easy to lose track of time looking at price charts. But I remind you that you have a lot of things to do during the day and at night it's good to get enough sleep to rest. So it's fine to catch up on the markets, but don't spend the day jumping from tab to tab on your screen looking at charts because they won't go anywhere. Be effective in time management.
Manage information
Social media and especially Twitter are full of information manipulators. And when everyone is talking about a coin, it's probably not the best time to invest in it.
Finally remember that this won't be the last bull market and that all markets have a cycle, although this is quite obvious it's good to keep it in mind.
To you, my dear readers. Thank you so much! And happy earnings for you all :)
Thanks to all of my wonderful sponsors. You all rock!
All images and writing are my own unless otherwise stated.
© CoquiCoin
You can find me also at Noise.Cash ⊛ Hive ⊛ Torum ⊛ Twitter
Until next time! ;)
November 9, 2021
This is also a reminder to all of us. Thank you for this, already saved it