Why I don't recommend trading crypto for easy and fast money.

Why trading crypto for quick money is not recommended. Volatility works both ways. Play your own game, set alerts, and be skeptical of influencers. Double or triple your investment, then cash out. Watch "Why Trading is not good video by Richard Heart

November 15, 2023· 1 min read
1 score

Trading crypto is extremely tempting due to the massive gains, but it's not wise; because the volatility works both ways. You should play your own game. Buy, hold, set alerts for times to take profits (2X, 3X - 10X), ignore crypto except for maybe a daily price alert.

A lot of influencers and venture capitalist want YOU to buy, so they can sell a bunch at once, to maximize profits. So when I see crypto on the news, I'm skeptical because the commercial was possibly paid for by venture capitalist that want you to buy so they can dump on the average retail investors' heads.

People that win in crypto are the people that buy crypto that has product market fit, hold, and get their invested money out as soon as possible. Once you have doubled or tripled your original investment, you should immediately sell enough to get your original investment cashed out. This is important because after this point you are playing with "house money," and won't be as concerned during high volatility.

Why Trading is not good video by Richard Heart:

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