I hope that the brothers who attacked me a few days ago because I talked about the $XRP currency and I was against entering it, will be fair and say a word of truth about the idea itself and know the reason that made me refuse and be against investing in it.
Bull market is the time when many newcomers to this field enter and have zero information and are ready to enter with all the money they have in the hope of achieving quick wealth. This is wrong and is a path to permanent bankruptcy and losing even hope of getting rich one day!
Their amounts may be small, but believe me, it is all they have. Therefore, you are deceiving them unintentionally because you personally do not know anything about the basics of trading and you fell into the same mistake without even knowing (assuming good intentions), and you refuse to even listen to people who have another point of view that may be correct and you insult them and defend the currency as if you were one of its founders!!?
To be clear: "My words do not mean that these currencies will not rise, but the size of the risks compared to the return is not a profitable investment." I hope you understand this point well.
But trying to ride the wave means that I reserve my capital at the peak of the market in a currency that has achieved a large part of its price cycle, and now it will remain in the best case scenario in sideways trading for a relatively long period, and I am sitting watching other currencies daily achieve multiples, and my currency rises a few cents and falls the same in preparation for an upcoming rise. God knows when it will happen, and if it will happen at all or not!! This is if we assume that it has not fallen to levels that would make your withdrawal a reason for a large loss or liquidation of your contract.
Capital and risk management during the peak market should be strict even if it is to your liking, because the previous mistake in the bear market could have been fixed by strengthening or being patient for a few days or weeks or even months, as the market is already in hibernation and the bears are in control, but now the mistake may fall into the trap of whales that will detain you and prevent you from making a profit when the market is on fire, the acquisition has not officially and finally fallen and everything you see of an increase will come greater than it but gradually, do not lose your position while you are chasing green candles, buying is when the market is red, and selling is when you see it green, please do not do the opposite because you will lose all your money while you are running after a mirage, do not get carried away by these comments and this talk, follow your currency and your project and check its quantities, liquidity and all its details and stay in your place without running here and there.
Achieving a certain and fixed average profit is better than imaginary millions. This is my opinion, with all due respect to everyone’s opinion, but it is necessary to point this out because the issue has become annoying and sad at the same time, that you lose your money and effort naively while I see you in front of me and I do not offer you advice?!!
Use your mind and judge based on reason and logic, not feelings and illusion. I say this so that one person may benefit and not make a fundamental, fatal mistake that may end his career in this market before it even begins. Now you are watching the same scenario being repeated with another currency.
Good luck everyone 🌹
