Personal Crypto Trading Could Be Successful But..!!
Image by Johannes Blümel from Pixabay
In my last post I mentioned that I'll share my trading experience with Solana. It is a reputed coin in crypto market but still it was not a wrong selection by me. Unfortunately it was a wrong decision I made when bitcoin cash trading could be profitable in last 24 hours. Buying Solana cause regret to me because it is not even getting closer to my buying price of it and my trading is off until the price value hit the buying price.
The recent trading experience and experiment taught me how important the coin selection is! See, I'm not discouraging you to buy Solana when you can hold it for big gain, I'm sharing my crypto trading experience of last 24 hours and it seems I bought Solana at high price. If I bought Solana at deepest price value of last 24 hours then I could expect gain but I bought really high and in last 24 hours the buying price was highest for Solana. You can call this a bad luck but I still like Solana but not more than the coin that could help me having good gain.
Thought my crypto buying of yesterday will not cause regret but it actually cause regret and I'm not sure what to do now. Sometimes I wish to convert Solana to bitcoin cash but it will charge me beside this I've to compromise 5-6 dollars loss. In last 24 hours my asset value were reduced around 12 dollars or a little more. Solana may perform good after my selling LOL! Holding is the only way though I'm not expecting a big gain from Solana but I'm also not ready to loss of 5-6 dollars. Waiting sometimes feels like waste of time and we all know that time is money.
If yesterday I bought bitcoin cash then my profit amount could be more than $20 dollars but Solana can't even helping me making 5 dollars of profit in last 24 hours. I really regret on switching coin and this is another lesson I've learned and will definitely remember too. Yesterday's crypto dump made me think bitcoin price could be below $90k worth price value but fortunately the price value is still above $95k. Altcoins trying to recover as this week I observe altcoins in my favorite crypto coins list.
Should I wait for Solana price pump or I should covert it to the coin work for me by compromising 5-6 dollars? This is the question in my mind and I can't accept the loss of 5-6 dollars just because I'm desperate. Not sure about my next move on crypto trading will keep updating you by sharing next blogs on my trading update.
Thanks For Stopping By!!