Let’s learn about cryptocurrency one minute at a time

First Bull Run

First Bull Run

For those of us experiencing our first bull run and who do not know what to do in a down market, here’s a little food for thought (@JD from Germany). When investing in an asset, there are rules that you should always follow.

1. Invest only as much as you are willing to lose.

2. Never close a position in red

3. Never try to time the market. This is pure gambling.

4. Invest for the long term (several years).

5. Don’t get emotional, most people close their positions out of fear right now.

The market will eventually go up. HODL ( hold on for dear life). If you are bullish, this is one of the BEST TIMES TO INVEST and then go along for the ride (uptrend).

Leave a Reply