Hi dears!
Sometimes i hold a token for long time and after selling it grows and sometimes when I buy a token the price breakdown.
What should i do?
Two things:
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Stop trading crypto until you understand a whole lot more about it (that’s not a criticism, by the way!);
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Try this (free) course, to learn the basics:
There are many factors for a token/coin to grow but you need a long term vision. Top coins are good for long-term holders (BTC, XRP, SOL, BNB,…) I recommend avoid ETH at the moment, it stucks for 4 years.
I don’t recommend memecoin, it’s like a race, who come first and out first would get profit, otherwise would get lost.
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You should learn about the nature of crypto and pay attention to the bubblemap especially if you are buying into meme coins.
Example: The new Trump meme coin has 80% of the coins in a single wallet
The Hawk Tuah meme coin had 96% of coins in a single cluster before the rugpull
Not saying the Trump coin will be a rugpull but it’s current uneven distribution makes for an easy rugpull by the majority holder.
Rugged and moved to ETH. Pretty crazy actually this thing is allowed. Top 10 wallets held like 90% or some ridiculous number.
What do you trade/hold?
Totally get it. I think better stick to the plan and not let emotions dictate the trade is the way. How’d you decide it is buy or sell?