02-12-2021, 06:48 AM
You're not a day trader! You'll make more money by picking good projects and holding
<!-- SC_OFF --><div class="md"><p>Trying to time the market and make money is a great method to lose your crypto. Reading t-charts and analytics won't get you anywhere in this volatile market. </p> <p>You can't treat crypto like stocks. The market moves to quickly and is too unpredictable. <strong>Experienced traders will lose money here trying to use strategies that may work in other markets, and so will you.</strong> No one has crypto figured out.</p> <p>If you want to make money in crypto, pick projects that show value and that are of interest to you and hold them. Don't sell them for the latest craze. If you do your own research and pick crypto's that legitimately have value, you'll be in good shape. It may take time before you start to see great ROI but that's ok. Don't be fooled into thinking you can time the market.</p> <p>I have tried to time the market multiple times thinking that I could sell a crypto as it was going down and then buy more of it when it bottomed out. Each time I was wrong and would have made much more money just holding. </p> <p>Pick those projects you see value in and hodl.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Jakeron"> /u/Jakeron </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lhs1lp/youre_not_a_day_trader_youll_make_more_money_by/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lhs1lp/youre_not_a_day_trader_youll_make_more_money_by/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Trying to time the market and make money is a great method to lose your crypto. Reading t-charts and analytics won't get you anywhere in this volatile market. </p> <p>You can't treat crypto like stocks. The market moves to quickly and is too unpredictable. <strong>Experienced traders will lose money here trying to use strategies that may work in other markets, and so will you.</strong> No one has crypto figured out.</p> <p>If you want to make money in crypto, pick projects that show value and that are of interest to you and hold them. Don't sell them for the latest craze. If you do your own research and pick crypto's that legitimately have value, you'll be in good shape. It may take time before you start to see great ROI but that's ok. Don't be fooled into thinking you can time the market.</p> <p>I have tried to time the market multiple times thinking that I could sell a crypto as it was going down and then buy more of it when it bottomed out. Each time I was wrong and would have made much more money just holding. </p> <p>Pick those projects you see value in and hodl.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Jakeron"> /u/Jakeron </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lhs1lp/youre_not_a_day_trader_youll_make_more_money_by/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lhs1lp/youre_not_a_day_trader_youll_make_more_money_by/">[comments]</a></span>Kind Regards R