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 Originally Posted by OngBonga
The fact of the matter is, you can't really be taking financial advice off people when it comes to crypto, especially selling it. I don't want to be blaming anyone else but myself for any mistakes I make. If I end up with nothing, that's the way it goes for many people in crypto, just like poker. A risk I'm willing to take.
There's always a better performing coin than the one you're in.
This
You can see what other people are doing but at the end of the day , its your money , there is no "right" answer and you have to make the investment decisions that you are hapopy with . Not only what you are buying , at what price and if when you are selling , but how much are you willing to risk . this is very like poker .....you can have 95% equity on the turn but you can still get the sucker punch that wipes you out
Not sure if Ong agrees , but there is a lot of similarity between poker and crypto trading, you have the rake (fees) , high variance you cant control and sensible bankroll management will help limit your losses when things go bad. Choosing your coin is a bit like table management , if table turn bad best to leave same with coins,
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