Simulation of Trading & Investment Decisions (Post 4)
Basically, the question is what to do if you see a chart like the one below?
Looks like I would buy some!
This is when everyone will be screaming "buy the dip!". So it is easy to perceive its cheap to pick up some tokens.
Let's see what happens next.
It dropped further. :(
Do I fear that it will drop further? It depends on my belief in the project. If it's a good project, I will hodl.
If it's a bad project, I will just kick myself, and learn the lesson. Pick a better project next time.
Ok, let's take it as a good project and I will continue to DCA.
What would you do?
P/S: This is not financial advice, and please do your own due diligence before investing.
- Demystifying Hive: What would be a convincing introduction of Hive?
- Developing for Nimiq: Get funding and support from the Nimiq Community Funding Board
- Litecoin's appeal: Low fees, fast, stable and among the top in market caps?
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
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