The crypto charts had been volatile over the past few days, weeks and months. Looking at the 90-days chart kind of emphasized my need and vision to be investment savvy to place the eggs into the various baskets and not just to one crypto investing.
Also, across the spectrum, I had also trade not just one but at least 2 coins to minimize the loss and importantly, ensure that I don’t get overly-heartbroken. You can check out my pots via my $FOLIO.
I believed it will take some time for it to spike back especially $Bitcoin rewards halving will happen in May 2020. It would be an exciting period for all the crypto investors.
To me, crypto investment is more of a savings plan. One must be able to overcome its psychologically and mental aspects to HODL and not liquidate at small chances unless you are talking at a small fraction of what you trade. Sometimes I do that (to finance daily needs) too but I try not to do that frequent.
It’s mentally draining and also, not wise not a long-term trader.
I set a threshold of my losses and also, a timeframe to give it to rise otherwise, I will liquidate at the next possible chance. 😉
Trading is not also a one-off thing but it on another hand, I am those who do a lot of homework to these tradings because I need to know what I’m buying and I will try to envision a long term perspective.
So if you need any second opinions, email me or telegram me for more chat ups. 🙂