Friday, 9 February 2018

Cryptocurrency investment 101 - the hardest lesson

OK, let's just get this out of the way now.

If there's one thing that anyone who's invested in cryptocurrency learns sooner or later it's this:

Whenever you bought, it was the wrong time. You should have bought earlier/later.

Whenever you sold, it was the wrong time. You should have sold earlier/later/held.

It's a painful lesson, but don't beat yourself up over it - pretty much everyone does the same thing.

Whether it's act in haste, repent at leisure or s/he who hesitates is lost, the crypto markets are volatile and brutal, and values can surge or plummet by huge amounts in hours. This gives you plenty of scope to brood over the foolishness of your actions, but don't. There will always be plenty more opportunities if you keep your eyes open.

Just make sure you're not playing with money you can't afford to lose.

No comments:

Post a Comment