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5 Things nobody tells you about crypto

All Cryptocurrencies

by COINS NEWS 387 Views

You will never find a 100x

  • We all want to find altcoins that are going to skyrocket, but stop pretending you would hold to make a 100x benefit. Most of us would sell almost everything at 10x or 20x or even dca out until 50x.

It’s not easy

  • Many people thing that being a crypto hodler means buying Bitcoin and wait before you become a millionaire. However, hodling crypto is more like a bumpy road where your emotions will be put to test. Most of us that have been in the crypto space for years already know this, but must crypto beginners fall for Fude,Fomo and emotions. So be ready.

You suck

  • Yes, you suck at hodling crypto. It’s easy to get cocky and think that you have this thing under control specially in the bull run, when euphoria hits in. But it’s important to remember that you’re swimming with sharks and whales. As soon as you start to feel invincible or that you can’t make a wrong decision, it’s when it’s easier making a mistake and lose a lot of Money. Remember, just because you are making a lot of money that doesn’t make you a professional. Always be cautious of what decisions you make.

You will regret about your decisions

  • We all regret something, whether if you bought too much or too little, or you sold too early, or you hodled for too long and the price starts falling and much more. It’s fine, this happens to everyone, just try to learn from mistakes to not do it again. And keep in mind nobody makes perfect decisions, you could have done something better but you never know.

Most altcoins will fail

  • In 5-10 years, the top 100 coins by market cap will be completely different. Either because they will fail, or because new coins will surge. Be conscious of this and take profits of small altcoins in this bull run.

(This post isn’t FUD. I just want people, especially beginners, to be more realistic and ready for when the time comes).

submitted by /u/No_Weather682
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