Cryptocurrency Trading: How Not to Become a Poor Meme
Cryptocurrency trading is like playing chess with a cat: it seems like something is happening, but in the end, the pieces are scattered, and you ask yourself why you started.
Imagine this: you open the Bitcoin chart, see a red candle — and you already feel your wallet mourning. A minute later — a green candle, and you're seriously planning to buy a Lamborghini (or at least an electric scooter).
Key principles for beginner traders:
1. "Bought at the highs — sold at the lows"
A classic. If you haven't done this yet — you're either a newbie or a bot.
2. DYOR (Do Your Own Research)
Or as we call it — "read two tweets and believed in a miracle."
3. HODL
Originally a misspelling of "hold," but now it's a philosophy of life. Even if the coin has dropped by 99%, a true HODLer holds on. And cries.
4. FOMO and FUD
FOMO — fear of missing out. FUD — fear of everything that moves. Both feelings are beautifully combined in a mid-level trader.
A final piece of advice:
Don't invest more than you are willing to lose. And remember: trading is not investing; it's an emotional rollercoaster, just without a seatbelt.
And if everything has burned down — you can always say it was a "long-term plan for the metaverse."