cryptotrader001

cryptotrader001

If you followed my and other's advice that is Never Invest What You Cannot Afford To Lose , then you should not be worried. What if you did not listen? A couple things could happen. 1. Bitcoin could go back up 2. Bitcoin could crash further 3. Bitcoin might not go up for a few years again 4. Bitcoin might never return As for me, I have about $2k in there, which...

cryptotrader001

Whether you should be worried about Bitcoin crashing depends largely on how much financial risk you are in by the quantity of bitcoin you have invested in. I have said it before and I will keep saying it: Never Invest What You Are Not Willing To Lose. Ok so we see Bitcoin is back down to the price where it was at the day after Musk bought into Bitcoin. Is this a...

cryptotrader001

Bitcoin has hovered and since Musk bought in and institutional investors bought in, it's still in profit. Bitcoin did not perform like expected when institutional investors like Musk legitimized Bitcoin, but we may be in for an interesting time ahead. Hindsight will always be 20/20. If Bitcoin crashes, those who didn't buy in will say "see, I was right!" If...

cryptotrader001 Updated 

A couple weeks ago I wrote about why I sold $10K of Bitcoin (but not all my Bitcoin) while Bitcoin was unstable. Basically, the reason why I did that was because I had too high a percent of my savings in Bitcoin, and that was unwise. My degree in Economics should have taught me better; but I got greedy, and fearful. The dust settled, I learned a lot, and now I...

cryptotrader001

I may have an economics degree, but nothing can teach you more than simple experience and common sense - if you're honest with yourself. The truth is that it doesn't take economics knowledge, but rather real-world experience and knowledge of yourself and human psychology, and honestly with yourself, to buy and hold. Additionally, it takes maturity and strength to...