Free AI web copilot to create summaries, insights and extended knowledge, download it at here

Abstract

Investing in cryptocurrencies requires a lot of patience. You can follow charts, listen to what a cryptocurrency guru said on YouTube, or listen to the so-called “experts” from the financial market. Maybe it’s all of the above.</p><p id="e894">Either way, you need to be patient. If you don’t have patience, you better pick up this skill very fast. The cryptocurrency market will teach you patience when all of this is over.</p><h1 id="1e5a">Know your cryptocurrency gameplan</h1><p id="3114" type="7">“Everybody has a gameplan until they get punched in the face.”</p><p id="acab" type="7">Mike Tyson</p><p id="01d5">If you are investing for a few weeks, months, or years, know your gameplan. Don’t enter this market blindly, and I hope it will make you a millionaire tomorrow. You need a game plan.</p><ul><li>You may take profits after Bitcoin goes up by $5,000.</li><li>You plan to sell Bitcoin when it reaches$ 75,000.</li></ul><p id="f039">If you don’t have a plan, you need to figure it out and fast. This market moves every second like a flash.</p><h1 id="1854">Don’t be greedy</h1><p id="4a7f" type="7">“There is enough for everyone’s need, but not for everyone’s greed.”</p><p id="ebeb" type="7">Mahatma Gandhi</p><p id="08db">When 2017 came to an end, a lot of investors were losing money as Bi

Options

tcoin was crashing. Many people thought Bitcoin was going to go up forever.</p><p id="6a5b">If you sit back and understand the Bitcoin cycle, you’ll see that these dips are common. It’s part of the plan.</p><p id="79cb">This time may be slightly different since financial institutions have joined and the United States continues to flood the market with dollars. This could actually increase the price of Bitcoin.</p><p id="e265">One day, this will come to an end.</p><p id="2dd1">Be ready to sell. Don’t be greedy like others have been before.</p><p id="01ff">See this other article on cryptocurrencies:</p><div id="e33d" class="link-block"> <a href="https://readmedium.com/my-exclusive-playbook-to-make-you-10-000-richer-in-cryptocurrencies-e7af44ffc41"> <div> <div> <h2>My Exclusive Playbook to Make You $10,000 Richer in Cryptocurrencies</h2> <div><h3>HODL may not be the only way to make money in cryptocurrencies</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*o9T4__2YcEnsduOd6rzbEA.jpeg)"></div> </div> </div> </a> </div></article></body>

3 Lessons from Buying Bitcoin at the Top of the Market

Lessons to get you through the cryptocurrency bull run

I bought my first Bitcoin in 2017, almost at the top of the market. You may be in a similar situation now with Bitcoin around $40,000. Since last year, the price of Bitcoin has gone up ten times from its low.

You are probably asking yourself, should you sell or HODL (Hold On For Dear Life)?

I’m not a trader, but these are three things to consider if you are an investor. The price could quickly drop $10,000 tomorrow before you know it.

Be Patient

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.”

Charlie Munger

Investing in cryptocurrencies requires a lot of patience. You can follow charts, listen to what a cryptocurrency guru said on YouTube, or listen to the so-called “experts” from the financial market. Maybe it’s all of the above.

Either way, you need to be patient. If you don’t have patience, you better pick up this skill very fast. The cryptocurrency market will teach you patience when all of this is over.

Know your cryptocurrency gameplan

“Everybody has a gameplan until they get punched in the face.”

Mike Tyson

If you are investing for a few weeks, months, or years, know your gameplan. Don’t enter this market blindly, and I hope it will make you a millionaire tomorrow. You need a game plan.

You may take profits after Bitcoin goes up by $5,000.
You plan to sell Bitcoin when it reaches $75,000.

If you don’t have a plan, you need to figure it out and fast. This market moves every second like a flash.

Don’t be greedy

“There is enough for everyone’s need, but not for everyone’s greed.”

Mahatma Gandhi

When 2017 came to an end, a lot of investors were losing money as Bitcoin was crashing. Many people thought Bitcoin was going to go up forever.

If you sit back and understand the Bitcoin cycle, you’ll see that these dips are common. It’s part of the plan.

This time may be slightly different since financial institutions have joined and the United States continues to flood the market with dollars. This could actually increase the price of Bitcoin.

One day, this will come to an end.

Be ready to sell. Don’t be greedy like others have been before.

See this other article on cryptocurrencies:

My Exclusive Playbook to Make You $10,000 Richer in Cryptocurrencies

HODL may not be the only way to make money in cryptocurrencies

medium.com