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December 01, 2018, 02:44:33 AM |
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crypto is addictive, almost like gambling. In fact, it is the same with all investing. Once you are ahead, you want to keep the ball rolling and maximise your profits even more.
But that is where everyone makes their mistake. By continuosly investing and reinvesting, you just keep the wheel turning endlessly without taking any actual money home.
At the very least, you should sell off to make back what you initially invested. After that, what is left you can freely trade without worry of "losing". But it is very important to have quarterly and yearly goals where you cash out.
Otherwise you will just be eternally stuck in the game.
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