08-08-2021, 03:51 PM
Friendly Reminder: Now that we are back in the growth trajectory, DO NOT FOMO your e
<!-- SC_OFF --><div class="md"><p>Seriously, this needs to be repeated: Just because we are seeing massive growth does not mean you should take an emotionally charged decision and YOLO into the Crypto market.</p> <p>You should consider that there is a <strong>very real possibility of losing 30%-40%</strong> of your fund within just 1 month. For instance: In the recent May-2021 crypto market crash, till 19th May, BTC lost value by 50%, ETH by 45%, ADA by 50%, BNB by 50%, from their respective All-Time-Highs, and almost every major coin was down by double-digit percentages (<a href="https://www.businesstoday.in/commodities/story/crypto-in-free-fall-bitcoin-tanks-30-to-31000-ethereum-loses-40-dogecoin-down-45-296457-2021-05-19">source</a>). So be mindful that you might have to HODL your coins for 3-4 years just to break even. Remember, Crypto is a cutting-edge solution to a lot of problems, but making a quick buck is not one of them. Therefore only invest funds that you won't be needing anytime soon.</p> <ul> <li>Do not invest what you don't own. Borrowing money to invest in Crypto can literally <a href="https://markets.businessinsider.com/news/currencies/crypto-short-squeeze-bitcoin-liquidation-short-trading-margin-options-bearish-2021-7">financially destroy you</a>. It doesn't matter how optimistic the market sentiment seems, or how confident you are that every statistical parameter seems bullish-do not overleverage.</li> <li>In a bull market, it is easy to day-trade and think you can time the market to make a quick buck. It's not. Everyone's thinks he's a genius in a bull market. I'd suggest staying away from it.</li> </ul> <p>This is not FUD, <strong>it's called Risk Management</strong>, and it should be taken very seriously before investing in any financial asset-more so in the case of Crypto, because we are still very early, and crypto still has a relatively small total market cap and has massive potential for growth in this decade.</p> <p>Edit-1: Yes, this is a financial advice. </p> <p>Edit-2: This blew up while I was asleep! Thanks a lot, kind strangers. Thanks for the amazing Awards! This is my first post on Reddit that has received so much love! You guys are the best. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AlphaHuman304"> /u/AlphaHuman304 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p014vz/friendly_reminder_now_that_we_are_back_in_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p014vz/friendly_reminder_now_that_we_are_back_in_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Seriously, this needs to be repeated: Just because we are seeing massive growth does not mean you should take an emotionally charged decision and YOLO into the Crypto market.</p> <p>You should consider that there is a <strong>very real possibility of losing 30%-40%</strong> of your fund within just 1 month. For instance: In the recent May-2021 crypto market crash, till 19th May, BTC lost value by 50%, ETH by 45%, ADA by 50%, BNB by 50%, from their respective All-Time-Highs, and almost every major coin was down by double-digit percentages (<a href="https://www.businesstoday.in/commodities/story/crypto-in-free-fall-bitcoin-tanks-30-to-31000-ethereum-loses-40-dogecoin-down-45-296457-2021-05-19">source</a>). So be mindful that you might have to HODL your coins for 3-4 years just to break even. Remember, Crypto is a cutting-edge solution to a lot of problems, but making a quick buck is not one of them. Therefore only invest funds that you won't be needing anytime soon.</p> <ul> <li>Do not invest what you don't own. Borrowing money to invest in Crypto can literally <a href="https://markets.businessinsider.com/news/currencies/crypto-short-squeeze-bitcoin-liquidation-short-trading-margin-options-bearish-2021-7">financially destroy you</a>. It doesn't matter how optimistic the market sentiment seems, or how confident you are that every statistical parameter seems bullish-do not overleverage.</li> <li>In a bull market, it is easy to day-trade and think you can time the market to make a quick buck. It's not. Everyone's thinks he's a genius in a bull market. I'd suggest staying away from it.</li> </ul> <p>This is not FUD, <strong>it's called Risk Management</strong>, and it should be taken very seriously before investing in any financial asset-more so in the case of Crypto, because we are still very early, and crypto still has a relatively small total market cap and has massive potential for growth in this decade.</p> <p>Edit-1: Yes, this is a financial advice. </p> <p>Edit-2: This blew up while I was asleep! Thanks a lot, kind strangers. Thanks for the amazing Awards! This is my first post on Reddit that has received so much love! You guys are the best. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AlphaHuman304"> /u/AlphaHuman304 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p014vz/friendly_reminder_now_that_we_are_back_in_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p014vz/friendly_reminder_now_that_we_are_back_in_the/">[comments]</a></span>Kind Regards R