A Little More Wait To Grab Some Crypto
Image by Eivind Pedersen from Pixabay
How long is it possible to sit idle? We need to buy crypto but buying randomly is not free of risk. This morning it was hard for me to control myself on buying some Solana but I recall those days when I bought high, hold long and regret at the end and sold crypto asset accepting the loss. Who wants to repeat the same mistake? A little more wait to buy crypto asset is really worth it.
Risk takers can buy crypto anytime because they are not trading for short time and small profit like me. My risk taking was failed many times so I can't take risk any more but whoever is ready to hold for long is highly encouraged to buy crypto even when it is high. This high is not the end, it will pump surprisingly but waiting for the moment is not affordable to all. I personally can't afford waiting for something big.
After observing a lot I discover that crypto doesn't cause long time waiting if we buy it at least when the price of it closer to the deepest. Crypto constantly pump and dump so it may take little more time or a little more wait can allow me buying crypto at affordable price. So I don't mind waiting for my next buy. Though the green candles may last for long and we can wake up with the surprise pump of our crypto coins but we still can take buying decision according to the market move.
The lesson I learn from my previous crypto trading is, if I can't wait for big pump then better I wait for the deepest dump but no more buying high for long waiting and small gain. Small gains are fine when we trade for short time with little amount of money. My stable coins will remain stable until I buy again and buying high can repeat the history that I don't want to experience once again.
Sounds like bitcoin will hit $70k once again in upcoming weeks or month. This definitely will cause regret when price of our desired coin will go to the moon and we have nothing in our wallet so buying high can be fruitful too but as I said, it is risky and risk takers are always welcome to buy. This morning if I bought my desired coin then it would be profitable but as I said I'll buy closer to deep instead taking random step on buying crypto. This is absolutely personal, don't take it as financial advice please!
Thanks For Stopping By!!