Hey! So this is why anyone in the cryto-sphere out there should think long and hard about their trades. What we are seeing today is a colossal fall with no real solid reason why. This is what markets do. Cryptos are colossally volatile and huge swings are the norm. Keep this in mind if you ever decide to invest in this space. A good rule of thumb for risky trades is something like the 80/20 rule. 80% safe investments (land, gold you hold, guns, etc) 20% risky stuff. I like to take it a bit farther with crypto though. Of the 20%, 80% in the most stable coins in an offline wallet, 20% in risky alts on an exchange. Of that remaining 20% NO more than 20% in any one trade. I have found that this is REALLY hard to stick to in the big upswings. It is really tough. It is WAY harder to get to this position when you broke the above rules and are deeply in the red. Anyway, anyone who is in the crypto sphere should heed the above warnings and think about why the work.
Hey! So this is why anyone in the cryto-sphere out there should think long and hard about their trades. What we are seeing today is a colossal fall with no real solid reason why. This is what markets do. Cryptos are colossally volatile and huge swings are the norm. Keep this in mind if you ever decide to invest in this space. A good rule of thumb for risky trades is something like the 80/20 rule. 80% safe investments (land, gold you hold, guns, etc) 20% risky stuff. I like to take it a bit farther with crypto though. Of the 20%, 80% in the most stable coins in an offline wallet, 20% in risky alts on an exchange. Of that remaining 20% NO more than 20% in any one trade. I have found that this is REALLY hard to stick to in the big upswings. It is really tough. It is WAY harder to get to this position when you broke the above rules and are deeply in the red. Anyway, anyone who is in the crypto sphere should heed the above warnings and think about why the work.
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