Crypto volatility is wild. That is why I am an investor in it. An alt-coin can be ranging from 1 to 5 dollars at the bottom of the cycle and you might be thinking why not trade it? Why not sell at 4 and buy it back at 1. First of all its one thing to have a plan and totally another to follow the plan. Second of all if you know the coins you are in have development and a use case most likely in the bull mania they are going to make 15 - 50x bottom to top. So why would you take the risk of accepting a 5x gain and have the chance of missing the run? Ive seen coins that fall 99% form their cycle highs and at the next cycle making new highs again. You need knowledge and guts and experience to hold trough all of that. Ctypto fud cycles are roughly every 2 weeks. There is always something to worry about. Ignore all of it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.