Never buy after the pump !

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2 years ago

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It's the time of pump in crypto world. Most alts are already pumped. Just take a look at the chart during all time, and you will see them all in the top in terms of both dollar and bitcoin price. I don't think that it is worth to buy alts now if you don't buy for a long term. In short term, most of them will fall to the previous price or close to it.

The long term investors already invested in those alts, waiting for them for a few years to pump. We had a long time period of the bear market and the crypto winter was so long. So, most short term investors already sold their alts and converted that to bitcoin or withdrew in fiat. They will just wait for the other dump to buy again and wait. But the long term investors may still keep and hold their earnings or part of it aiming to $1 million bitcoin price after a few years. In that time, BCH may cost $100k or more. So, holding both BTC and BCH could be good !

I mean, you may earn now something from alts, but it's too late to think about many X unless you're lucky, or you know about something happening behind the scenes. I don't advice to buy at all if that's not an impressive amount, what may bring you a good % in a very short time. Because when you have a lot, even a little change may bring you profit. If you have just a little, it's better to hold that for a long term. For example now it's better to never sell you BCH. Just keep it as a long term investment for your future. Especially if you earned that by creating content. You will regret a lot of selling it. Even if it will fall a bit in the price, it will grow again and again. As all good cryptocurrencies if they are bringing value to people. Hold what's bringing value. Not for months, but for years !

If you are sure about holding, and you are ready to do that. I advise you to find a work in case you're in need. Or find another source of income, but don't sell your crypto now. It's something really hard to earn, and not that easy to hold. Especially if you see it so long time in green. It's like the brilliant that you are holding and thinking if to sell it now with good price and spending everything, or after with very high price and became very rich, not caring about money at all and living your dream !

So, there are two types of investors in fact. Those who play in short term and risk, so they lose and win, and they have an unknown future in this industry and those who are playing very big for a very long time because they know the rules of the game and prefer to earn a few X in a few years.

The long term investors mostly win in this situation !

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2 years ago

Comments

Logical things

$ 0.00
2 years ago

Yeah buying after a pump because you think a coin is going to the moon isn't very smart (the price is most likely going to crash!)

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2 years ago

Exactly !

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2 years ago

Buying after the pump is one mistake I make all the time. And I often panic sell with the hope that I won't lose more money, and I end up regretting it in the long run. I've got a lot to learn after all.

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2 years ago

Yeah, you have to know that there are a group of people who work together on that. They choose a day when they put a lot of money in that, that will pump because others will start buying more, like you for example, and those group of people take the profit and go away with it. Then they may create rumors to see the price going down, then they will buy even more and sell after pump etc ... That's why those who are entering with little money, it's better for them to sell when they see the price growing a bit and make a little profit, it's better than selling when the dump starts and losing it all.

$ 0.00
2 years ago

Wow, you know so much about this. I guess I'd come to you for advise whenever I'm in doubt.

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2 years ago

For sure. Always ask if you are not sure !

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2 years ago

Thanks a lot dear. You're a darling.

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2 years ago