Close Menu
    Cryptocurrency

    Crypto rules you lose money always for the same reasons


    Reminder:

    Don't Gamble on your coins, follow the Crypto Rules!

    In my Opinion the rules 4 , 5 , 6 ,7 are the most important.

    Many derivates bets got liquidated or will be liquidated. It's always for the same reasons.

    Those who got liquidated, put their money or coins at risk with horsebets on crypto – which is totally crazy. Nobody should do this – ever.

    And then, at the same time, there is always a negative or positive story that comes with it.

    So don't be fooled and don't put your coins at risk. EVER!

    the (former) owners of this liquidated millions did not apply these Crypto rules:

    For everyone who think options horsebets and staking non-stakable coins will give him massive gains or who had liquidations in the last days:

    crypto rules:

    1. hodl
    2. buy the dip (best before whales)
    3. never sell at a loss
    4. don't do leverage trading / options / derivates
    5. don't do margin trading
    6. don't stake crypto that is not meant to be staked
    7. don't lend crypto to exchanges (or anybody)
    8. best case store it in a cold wallet
    9. only invest what you can afford to lose (or hodl long time)
    10. ignore FUD – do your own research on your investment

    This rules all are important!!

    I posted this rules for over two years now and the rules have clearly proven themselves

    https://www.coinglass.com/pro/futures/LiquidationMap

    https://preview.redd.it/zlo9xs1m0wud1.jpg?width=1347&format=pjpg&auto=webp&s=577d68bd683c40c78b9b19179c66224053964dcd

    Crypto rules you lose money always for the same reasons
    byu/sg-doge inCryptoCurrency

    Bytes Europe

    View 15 Comments

    15 Comments

    4. hiorea on

      > 3. Never sell at a loss

      Im still at this step with my ada for 3 years. Thank you. Nice rules you have

    5. MichaelAischmann on

      I think the “never sell at a loss” rule is wrong for many reasons.

      1. Realizing losses can reduce your capital gains tax from other investments. Sometimes this alone is worth it even if you rebuy shortly after.
      2. Don’t hold on to something you’ve lost conviction in. It’s like recommending to stay married to a person who is not good for you. Many crypto projects will not recover & the sooner you realize it, the better.
      3. Opportunity cost. Focus the majority of your investment in the asset(s) you believe in the most. What you hold in assets X,Y,Z can’t be in assets A,B,C at the same time.

      So in short it is not just ok but necessary to leave a sinking ship. Don’t marry your losers for life.

    7. Extreme_Nectarine_29 on

      Good post OP. People often get too greeddy in our space. If you’re playing with low cap memecoins and high leveraged day trading you’re not an investor, you’re a gambler.

    8. liquid_at on

      the main part most guides ignore: Understand the difference between investing, trading and gambling.

      So many gamblers try to swing-trade, pretending they are “investing” and how everyone is gambling just like they are…

      If you are not a gambler, do not listen to gambler-advice.

      If you are not a trader, do not listen to trader-advice.

      If you are not an investor, do not listen to investor-advice.

    9. BlazingJava on

      You know the diversification rule of Big investors in the stock market?

      Yeah ignore that, if you diversificate your portfolio on memecoins / shitcoins you just have a shittier portfolio as those ada boys