Buy when there is blood in the street

Some hours ago, while I was scrolling through YouTube, I stumbled on @MarcDeMesel 's YouTube live video. I joined the live stream where the host, Mr Marc was teaching and at the same time answering some questions asked. He talked about BitcoinCash and how to start as beginner.

Here is the video, in case you missed it👇

As a Master investor that Marc is, he explained a lot of things which I paid great attention to. I found out that a great writer on this platform @Pantera was present in the live streaming.

Cryptocurrency is a good investment. It has grown astonishingly and has been the most profitable investment so far.

The prices of digital currencies rise with time and it is not a linear growth. The whole cryptocurrency market often tends to fluctuate in general. So, it’s essential to know when you can buy some cryptocurrency and sell.

The investors who invest in the right time reap high returns because they buy the cryptocurrency when the price is low. There are many reasons to go through the market price fluctuation, and there can be many reasons to panic as well. But if you would like to buy any crypto, you need to know why and understand how it works.

It is recommended that when you buy any crypto, you do it at a time when the price goes low and by doing so you have to be stay alert. This is because the prices of crypto are always fluctuating. As such, when the price goes down, it is most likely that it will go up again in matter of hours.

This isn't a new concept to anyone, you buy stuff that is cheap and sell it for more. It is the normal way of doing business, according to economics, you buy low and sell high.

Some people buy high and sell low? And when they do this, they suffer huge losses. This is because buying high and selling low is not a normal behaviour but it happens when such person doesn't understand anything about cryptocurrency.

In conclusion;

Buy low and sell high. This is a life lesson that has been taught countless times to people. But it's not easy to do. It's very easy to buy when we're in the red. Then hype and excitement is in the air, we will all pump up when we see green and only green. However, it is when we should be cautious, especially if you want to be a successful investor.

If you want to become a successful crypto trader, one of the most important things you have to have is patience. Many people in Crypto have the wrong idea about what crypto trading really means. It does not mean that you should buy a currency when it is high and sell it when it is low.

In fact, if you look at your profit over time, you will find that the highest profits come from buying when the market is low and selling when the market is high. This means if you want to buy BitcoinCash, for example, it is better to buy it when the market is bleeding (red) and not when the market is green.

Thanks for reading ❤️❤️