Before taking advice on this sub; remember the average user only has ~$480 on the line

Cryptocurrency News and Public Mining Pools

Before taking advice on this sub; remember the average user only has ~$480 on the line

I've seen several posts calling for "Buy the dip" and DCA since the bear market started

These posts only increase when the chart is green not red. Usually with no TA or FA backed advice just "I timed the bottom; up X%." It works trust me

I know it is easy right now if you have a sub $500 account to jump in. But when it grows to $10,000 you need to realise the risks involved

Taking profits isn't a sin. "No one ever went broke taking profits". I'm not saying you sshould take profits now, but rather consider doing so when we see a bounce. Because if we are in a bear market things will get rough.

But a lot got REKT HODL to the bottom, specially those that held altcoins during bear markets, most solid projects from 2017 crashed and never recovered

When you see a post with no chart analysis, fundamental news or even a market shift. But is calling for you to HODL and buy the dip. That guy just got lucky or wants you to pump thier bags

Waiting a couple days to do some research or hell laddering in 25% a time is good. But remember that each case is different and 1.000 dollars might be very different for someone in the 3rd world like me or someone making 100k+ a year.

So know your situation and review your holdings

submitted by /u/joacomendi
[link] [comments]