Which one tip or advice changed your crypto fortune drastically ?

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As the previous speakers have already said: Don't FOMO. But don't panic sell either. Don't let your emotions take control in general. Never do anything when someone says its "urgent" - Its not.
 
Tribune said:
As the previous speakers have already said: Don't FOMO. But don't panic sell either. Don't let your emotions take control in general. Never do anything when someone says its "urgent" - Its not.
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FOMo means it is generally too late to enter the trade
 
Willyfish said:
FOMo means it is generally too late to enter the trade
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Fomo means the fear of missing out on a good opportunity, which of course also applies to the sale sometimes. But It's not the same as panic selling. Anyway, I think the message was understood and a discussion about terms is superfluous.
 
Tribune said:
Fomo means the fear of missing out on a good opportunity, which of course also applies to the sale sometimes. But It's not the same as panic selling. Anyway, I think the message was understood and a discussion about terms is superfluous.
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Yes I understand the term FOMO :D but I only wanted to mention that when fomo is coming it means the market is already gone without you..

But thanks for the addition.
 
Willyfish said:
Yes I understand the term FOMO :D but I only wanted to mention that when fomo is coming it means the market is already gone without you..

But thanks for the addition.
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Lol sorry, I thought you wanted to tell me that panic selling is FOMO as well. I should have read more carefully.
 
Time in the market beats timing the market.
Not a trader though, more of a HODLer.
 
Never buy things you don't understand.
xReminisce said:
If you don't enter the market you don't have anything to lose :oops:
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I get what you say, but it's not 100% correct.

You are invested either way, wether it's in the stock market, crypto or your local currency.
If you experienced inflation during the time you held fiat, you lost buying power while having the same number of fiat.
 
I fell for the HODL meme in 2017-2018 and lost everything.
 
Always use the STOP-LOSS when trading crypto
 
Only buy when the market gives you a discount, like today ;)
 
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