Long-term investing and dollar cost averaging is where true wealth is created
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Long-term investing and dollar cost averaging is where true wealth is created
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Yes that is were true money is created and its also were hug loss is created. Before investing have a good investment plan.
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Always have an exit plan as well as an entrance plan. Most people have neither and the rest usually have just 1
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Yes it's very important in crypto investment because crypto does not respect any one if you fuck up crypto will humble you. Your $1000 may turn $25
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Khal is correct, i never spoke about selling in the post but having an exit plan is as important as an entering plan. It's only paper profits until you cash it out. And like you said, you can get wrecked in crypto pretty easy
You seem to be ok with selling assets and putting the money in other places.
I've learned lots by watching this space.
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Very true. I didn't have an exit plan until very recently. One day I was considering moving out some crypto to do something and I realized I didn't really know how to do it in a structured way
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Entry and exist plan is very important in crypto. If you fail to plan in crypto you have plan to fail
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Ahahaha.
And then you just let the $25 sit, because you may as well...
Or at least me.
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That exit plan though.
It's like my gas tank... it can make it to the next station right?
lol.
I am the worse with keeping the gas tank full.
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Hhahaha that’s funny.
Yeah my plan is not unlike my gas strategy. Whenever I pass my favorite station (yes I have a favorite nearby), I fill my tank to full even if I’m at half a tank.
My investing is not all that different, take profits slowly at the tops even if I don’t need to. Dollar cost average in, dollar cost average out
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You can say it till you are blue in the face and then there we will see people running to the 300% interest on an asset that losses 90% of its value.
Ive done that before and "won" - for weeks I felt guilty because I knew taht I hadn't won as a team, we had not all grown together... someone had "lost."
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