Monday, May 10, 2021

Only invest the money you can afford to lose.

(reposting for visibility)

I am fairly a noob to stock and crypto markets. But what I learned from the last few months:

  1. Don’t invest your life savings in any market thinking you’ll be rich next week, thus the post title.

  2. The fluctuations in pricing are normal. don’t be afraid.

  3. Look at the bigger picture. Where was doge a year ago? its a huge rise.

  4. Don’t listen to everything r/crypt0currency says, most of them are Bitcoin holders. They doesn’t like something else getting popular than Bitcoin.

  5. Whales will always dump huge amounts to make it go down and make smaller holders panic sell and they will rebuy again. Thats how filthy rich becomes filthier rich ( applies to stock markets too).

I think Doge will be used in many places considering the recent events, so don’t be that guy who have to buy Doge in high price to use it in the future, so hold what you have


No comments:

Post a Comment