Some coins really shouldn't be touched!!!
The first one, OM, which previously skyrocketed by hundreds of times, had many issues revealed during the recent crash, and yet there are still people trying to buy the dip. In the end? It’s just a dull knife cutting losses!!!
Don’t buy coins that have been continuously rising, unless you truly have faith, are particularly optimistic, and are well-informed enough to be willing to invest based on your conviction (OM also made a group of people wealthy, but most ended up losing).
The core logic of our current trading in cryptocurrencies is short-term operations. However, many people have a habit of trading spot without stop-losses. Nowadays, many coins can suddenly have issues, leading to a chain collapse after a sudden drop. For example, LAYER in the image below; if you entered in April and didn't exit, you would be at a loss.
Even diamond hands can't be relied on; only those who trade short-term in the middle can earn a little. But if you look at the trends, basically anyone who has bought before will still return as a repeat customer because the price keeps rising. Eventually, it catches you in a wave, and if you can pull out your principal, that’s being decisive enough.
This isn't alarmist; you can imagine from the trend in early April what it would be like if you had bought in then, and based on the following trends, how you would act would be basically similar.
There are many examples, and the purpose is to tell everyone that apart from Bitcoin, Ethereum, and BNB, there’s no need for any belief in other coins; it’s all about the waves.
One must remain calm; over 90% of trading time is spent waiting, 9% is for observation, and only that 1% is for executing trades.
