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Most people sell alts too early primarily out of panic during dips
Then get angry after it runs higher in price later on
If you buy an alt that you plan to hold for weeks or months
Buy it and don't stare at the chart or micromanage your trade
...
Then get angry after it runs higher in price later on
If you buy an alt that you plan to hold for weeks or months
Buy it and don't stare at the chart or micromanage your trade
...
Example: $KLP
I bought Kulupu at $0.50
Days later KLP dropped to $0.18. Instead of selling at a loss I knew it would eventually run
I stopped paying attention to the chart
Now KLP is near $2 and its 4x up
Same thing happened to $TAU today bought at $0.13 and now it's $0.10
I bought Kulupu at $0.50
Days later KLP dropped to $0.18. Instead of selling at a loss I knew it would eventually run
I stopped paying attention to the chart
Now KLP is near $2 and its 4x up
Same thing happened to $TAU today bought at $0.13 and now it's $0.10
But longterm I see $TAU running up with a working product and mainnet
The key to not selling on dips is taking emotion out & patience
If it's a bull market and you truly believe in the asset, you shouldn't have to worry
Be patient, it may be weeks but you'll be rewarded
The key to not selling on dips is taking emotion out & patience
If it's a bull market and you truly believe in the asset, you shouldn't have to worry
Be patient, it may be weeks but you'll be rewarded
This is only for alts that you intend to hold medium to long term
Flipping shitcoins w/ poor fundamentals for a quick pump/ dump don't work the same
Some of these coins can pump and never return to their highs
So understand the difference between a quick flip & multi week hold
Flipping shitcoins w/ poor fundamentals for a quick pump/ dump don't work the same
Some of these coins can pump and never return to their highs
So understand the difference between a quick flip & multi week hold
