I hope you guys are not worried about the price drop of BTC. It is completely normal.
Although we are seeing one after another FUD in the market but BTC needed correction and right now BTC is still going through a healthy correction.
Alts always follow BTC so during this period we are also seeing that most of the ALTs are down. Again it is very normal. When you invest in ALTs then make sure you diversify.
I do some trade here and there. In trading, from last few weeks I am not having much good luck because of this unstable market (I had some of my mistakes too ) but I am ok, not even worry a little bit.
Most of my coins are over 50% down sometimes even over 60% down ( I maintain a spreadsheet to track my trading however I do not share it in public but I do share my ICO spreadsheet in public if you want to have a look on my ICO spreadsheet then #JustAsk. Anyway here you can see a part of my trading spreadsheet
https://prnt.sc/i8akdz ). So in total I am 25.72% down on my trades. If I was not diversified my investment and the situations could be worse. So always diversify when/if you trade.
Look, i am not that expert in trading. Out of 10 scale if anyone ask me to grade myself on trading then I will say may be 3 or 4 out of 10. Really poor. I have made a lot of mistakes in my early stage of trading which is absolutely fine. We all do and learn from our mistakes. I still do mistakes but I try to learn from it. In fact I am learning.
A wise man once said the best way to understand a concept is to explain it to someone else.
Here is an important lesson I have learnt from my trading experience, on the diversification game don't play with too many coin/project. Select few very good projects and then follow them and keep following them, study their history, learn as much as possible about them. When you are convinced then think about buying some but do not buy if you think the price is already up too much even if the project is the best project in cryptoworld. Wait and wait until a healthy correction. Do not lose your patience. I lost my patience on tron and bought when the price was 960Sat. Check the price now! I am 48% down. I lost patience on Deep Brain Chain and I am now 61.24% down! But guess what... I am not worried coz I blv on these projects and I know they will come back.
Do you know I bought some ETH when (around 188 days ago
https://prnt.sc/i8bhk9 ) the price was 0.087.... then ETH price started going down and down even it went down to 0.024.... That was around 72.41% down!!! But i knew it will come back and I held it. Now it's around 0.11.... I was holding those ETH for long long time! But never lost my faith on them.
#Lesson: Do not panic. Trust in your coin and be wise on your decision making. FUDs will be here and there to break you but you have to be strong because the whole community starts with you.
Thanks for reading.
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