very good article.
like it.

Thanks!

If you do good research this shouldn't happen to often.
I agree upon this, we have to first do some research before purchasing and selling any crypto, because crypto markets don't remain constant they show huge changes at some times.

>Better buy good stock at bad price than bad stock at good price

Agreed. There's always a possibility that the good stock will increase in value and will benefit you in ways but bad stock Never benefits you.

really good article

is very good airticle

Well said, @cicbar. There's a quote buy Bernard Baruch when asked how he got so rich - "Don't try to buy at the bottom and sell at the top. It can't be done except by liars".

Similar thoughts echoed by the Rothschilds. If it worked for them, it can work for the ordinary investor/trader too.

Only dead fish go with the flow:
[IMAGE: https://steemitimages.com/DQmTKmj4bVAmM4YM4K8sDEgAHY1rEU5GLcqHrz9ErHt7HGV/6ff21868351e9b96ddf8fb3cc3b852b5.jpg]

Stock market is a scam:

https://www.youtube.com/watch?v=eVUyBR_MM6Y

And Warren Buffet got rich because he was scam insider, not because he is wise :)

Again you nailed it friend!
It is always hard to say goodbye to a coin! We are all afraid that it will moon afterwards. But I did had a selling plan for most of my coins but it got snowed under due to the current market!
I am niw thinking about selling reddcoin with a loss, to purchase with the money Neo, Neblio or some more Coss!
Damned I should have followed you on OKB!
Indeed most sport bettors only writes about there wins. We must remeber that only 5% of the sportsbettors make a profit. Most members of the SBC are transparent about their wins and their losses, which is like it should and what we do find utmost important!

Sharing is indeed important so that they ones who are willing to learn can learn!

Resteemed your post!
Maybe you should look into the @investorsclub. Maybe you do find some great articles there!

Thanks mate :-)

This is really a good article.I'm agree with this.

I haven't had yet a set of rules, but goals I have. And in all my tradings I had a specific number to sell at, but never had the patience. I think though that I will put to the test your to day rule when selling my cryptos.
It will just take some time for the market to recover. I will not sell though at the first boom. If my goals will be accomplished by the end of summer I will sell then, but if not I will wait for winter. Unfortunately that's when I got in with some of my investments and I know from my own experience that the hype is pretty big then and another think that I learned is to sell whenever the crowd gets to overconfident and buy where is doubt.

Patience is crucial. You have to practise to be patient.

Upvoted ($0.17) and resteemed by @investorsclub

Just a friendly reminder to use the #investorsclub tag to qualify a post for an upvote. More info on tags to use here.

Join the Investors Club if you are interested in investing.

Well said, @cicbar. There's a quote buy Bernard Baruch when asked how he got so rich - "Don't try to buy at the bottom and sell at the top. It can't be done except by liars".

Similar thoughts echoed by the Rothschilds. If it worked for them, it can work for the ordinary investor/trader too.

This is really a good article.I'm agree with this.

Thanks 😁

Very informative post. hope to come back with such kind of post. please support me.

One side of my brain says to never be a hog and get too greedy, so I sell when I profit. But then the other side of me is full of regrets about it because warren also buys companies FOR LIFE (most of the time). The emotions in this game is so hard to control.

Then you should split like me, have some investments for life and others for trade...

Yes, after I take my initial investment out and some profit, I should keep some of it still in the game so I have no regrets. Still, these things are easier said than done. I am also torn between diversification and being concentrated.

I know that it is not easy, we all have same doubts and fights :-)

Don't be coward when market shaking for what i believe in cryptocurrency trading there is no loss because we are not forced to sell at loss so that loss it depends in your choice

To listen to the audio version of this article click on the play image.
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Sounds stilted mate

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good to see this type of comment.

this the best article, Thanks for sahring

An interesting article, thank you.
I agree with you about EOS, but why do you recommend NEO? According to the data of onchainfx.com its developers do anything, but not developing their product. 770 lines added on Github over the last 90 days and 32 changes committed (compare with EOS: 1.9M/2K).

Neo is China eth bc of that China gov supports it/

NEO blockchain encountered many technical issues during Ontology airdrop. So I have no trust in their technology.

At this point I feel like only the true believers care about the tech. For exp, Bcash is called innovating for just increasing blocks. Verge is called anonymous just because it has top support. Bytecoin is basicly a weaker version of Monero but some much fraud and secret premining it not even funny.
However Neo tech is cool but it basically a hybrid between a debabase and blockchain. It semi centralized much like ripple.

I'm not talking about increasing blocks or providing anonymity. The real purpose of cryptos is to provide people with the new ways of payment, but in fact, none of these projects work.

Check my comment to cicbar, I gave a broader explanation of my thoughts there.

Yes I saw :)
However you asked the most controversial question and i did answer it kinda. If you look at the bitcoin whitepaper-it tells the purpose of crypto is to be free from government control. Nakamoto was not concerned about scaling that much-he would be surprised that if bitcoin even got popular.
And DPOS is efficient but not that decentralized. Again I am part of the faction of crypto was made to set us free so my def is diff from yours.
Dan also does not stand behind steem. He is legit angry at us and is going to create his own on Eos and for Bitshares his dad his on it hence why he still cares about it.
Just bc steemit does alot of transaction are useless transactions. Yes it mean if used on a currency it be amazing but steem is not that answer as well as bitshares. Bitshares and steem can be replaced with Eos. Dan said he might move bitshares to eos or add eos tech to bitshares.
I like to disagree with the fact that only 2 teams are working on scaling.
What about bitcoin? Well yes there is no direct team it the most decentralized coin-the LN is being worked on. Each LN channel aka 2 nodes-500tps currently and can be made up t
so with current bitcoin nodes=2 million tps
1 mill tps are probably the real number
And bitcoin is also using sharding and plasma in their own version of eth-rsk that has even better scale that Eth.
https://steemit.com/bitcoin/@sames/how-rsk-is-going-to-use-sharding

Thanks for your detailed answer, it's nice to talk to a person is involved into technology so much and is not a blind excited crypto-enthusiast.

There's an interesting article on medium from Multicoin regarding EOS centralization.

Here's what it talks about. What do we call decentralization? For example, 50% of Ethereum network are currently controlled by 3 groups. (Check this link). Is Ethereum truly decentralized?

With EOS, there are 21 main block producers (and ~100 reserved) that are located in different regions worldwide. For the system to lose censorship resistance most countries should unite and put censorship on these producers.

Getting back to NEO and decentralization as the main purpose of cryptos. As far as I'm concerned, NEO is centralized. Currently, all its nodes belong to NEO foundation.

Oh there's no doubt about it that Neo and Ripple are centralized. No matter how you look at it.
Now for Eos and Eth the diff of decentralization depends of the person.
In Eos and later on Eth, the miners and nodes will become the same person. In Eos, you have to bribe the users to vote for you. Eos is basically a more decentralized version of a Republic.
Eth well I would say a more decentralized version of a communism or will become one. Where the amount of % you have=power
And you have to have a certain % just to get in.
In bitcoin,
and right now Eth but when they go to POS that will change.
The mining power is inaccurate way of showing decentralization of bitcoin.
First of all mining pool does not equal miners. I have a miner pointed at slush pool does that mean the mining pool is me? The mining pool is like steem delegation. The miner can withdraw support from a pool. This is happening to Antpool and btc.com
Also with the introduction of new mining companies the distribution of hashpower is weakening bitmain hold.
This is the current one:
[IMAGE: https://steemitimages.com/DQmQ7dbS4UeXuk1Wz39kE1sFeAXk4chBrfcYk5YMycYRrrM/image.png]
Source: https://blockchain.info/pools
And also The miner are not the dencentrzled part. It the nodes-remember UASF? Nodes are what matter in bitcoin and fake nodes are very easily seen. Also since bitcoin has no lead dev the development of bitcoin is the most decentralized.
And for the miner part with the introduction of halong mining Bitmain dominance in bitcoin mining has dropped. A much need computer has arrive to asic and samsung is helping halong mining in the quest for an alt mining company. With the bad press Bitmain has-less people buy for them.
To counter Asic negativity
In theory, Asics are better than Gpu and maybe more decentralized. Asic= consistent hashrate and loyalty to the chain. Asic mean that you are not into only for the money but to help the chain since you can only use the asic for that. In gpu you can switch any time to other gpu coins. Many gpu miners are into only for the money by using nicehash and auto switch pools. Asic are supposed to decentralized by the the fact more than one company are making them.
Right now the problem with Asic is that one company makes them-Bitmain. If Halong mining is one of the few key reason why bitcoin was against changing the algorithm. It might be one of the last test to show if Asic can truly be decentralized in theory.
I kinda like POS(crying out load bitcoin is going to use POS in its sidechain tech . )
But current POS has a flaw who know it could be made better. People are researching them. DPOS does look like one of the best types of POS
Currently POW is better in my opinion.
While yes POW does seems like an energy waste it not. This work is necessary to make the chain secure. In POS, the stakers who owns 10% of the supply will mint 10% of the supply, and won't cost them anything much.
In, POW you have to battle against everything. You have to buy new miners to keep up, pay electricity, cool the machines, buy new ones.

Pos makes it so that 51 attacks are harder bc they are little their investments on the line. Pow is somewhat even harsher. Not only will their rewards lower if 51% attack done, the coin down=machines useless. This is amplified by asic machines which effectively locks the minier rig to mine only that coin.
Pow can be improved even more by making useful mining aka finding primenumbers. This is being researched in bitcoin.
Also POW in theory should encourage miner to look for greener energy and maybe already doing it.
https://steemit.com/mining/@sames/bitcoin-mining-pow-the-truth

Bitcoin is the great experiment and the most decentralized of all coins.
A blockchain can not work without a bitcoin like coin. Otherwise it is just a fancier database.
The introduction of LN and sidechains will be game changers.
Bitcoin was built to be completely sovereign state resistant. Two diff forces=control along with the fact even if the gov ganged up to shut it down-you might as well shut down the internet. Some many nodes too hard to shut down.

Sure, bitcoin is most decentralized of them all, I don't argue with that.
But the question I ask concerns selecting a platform for creating decetralized applications.
Bitcoin is unsuitable for this task. It can be regarded as digital gold which you simply keep as reserve funds.
There is a plenty of platforms that are designed for this purpose: Ziliqa, Cardano, EOS, Nem, Ethereum at last an so on.
Which one would you choose if we specify decentralization and censorship resistance to be the cornerstone to make a decision?

That a tough question....
Bitcoin is meant to be the payment platform
Eos would be perfect for compared to others the app runs for free. No costs on users....
All others require the user to pay a fee just to use it.
The Dapp in Eos just pay a monthly host fee and boom free usage for customers.
Rsk will be a platform for ultimate decentralization it bitcoin and Eth at one time.
But Eos is the best Dapp platform then Rsk then Eth then Cardano

Then EOS truly rules, let's stick to it.
Is it you on the video you sent me above?
You have an interesting point of view regarding all the concerns cryptos. What do you think about arranging an interview?

Oh no the person in the video is not me. He is one of the biggest names in crypto.
He is Andreas M. Antonopoulos
He is a big time promoter of bitcoin. One of the top people in crypto you got to follow

Oh, right, thanks. I know the name, but I've never seen any video with him.
So what about an interview?

Many projects are developing on NEO. There are many platforms but only some of them will survive and that will be platforms that are used the most. I believe NEO is one of them.

Surely, the platforms are aplenty. But let's take a look at the facts: none of them really works.
According to statistics on blocktivity.info, 20% of transactions belong to Ethereum blockchain. Also, Ethereum team is working on implementing sharding right now. When it will be released, main issues of the technology, such as the number of transactions per sec, will be resolved. So Eth is going to work.
Bitshares+Steemit make up 70% transactions. Larimer stands behind both of these projects. His new project EOS is about to be released in the nearest few weeks.
I don't want to say anything bad about NEO or any other projects, but I bet on those that really work. At the moment there are only 2 teams that have managed to creat anything worthy: Buterin and Larimer.

Agree but NEO is working also. There are many nice projects on NEO.

That's cool. What are your favourites?

http://ndapp.org/

Thanks. I write reviews on dapps that really work. Have you tried any of these? Which ones can you advise?

Switcheo is nice DEX and Narrative will be competitor to Steemit. Now they are in alfa.

Isn't Switcheo Neo version of Etherdelta?

Yes.

You got a 16.12% upvote from @postpromoter courtesy of @cicbar!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

One more rule for your fine text, @cicbar:

Never, ever buy crypto that you didn't thoroughly examined, read the whitepaper and found properly working source code.

Thanks. I do that and agree with that rule 100%

Just a friendly reminder to use the #investorsclub tag to qualify a post for an upvote. More info on tags to use here..

Steem at $3 seems like a good price to buy to me. lol

Agree. It was better buy sub 2$ but still is good buy for me...

Yeah We probably shouldn't ever see below $2 again but who knows. Right now it looks like we could stay above $3 but hard to say in the world of crypto. lol
Do you use @dustsweeper? My solo upvotes don't count.

No, never heard before for it. Look interesting, I like all things that are supporting new users.

Your solo U/V's may not count for earnings, but it does help someone's "Reputation!"

Good to read your article. I'm a student & i am very interested about trade. I always try to learn new things. Your article increased my knowledge about trading. Thanks of a lot sir @cicbar

You welcome!

Awesome trade highlights. I like your rule about never selling if the crypto is rising and has fallen for 2 days if it's not near your profit target. I like your honesty here - nobody can predict these price moves with perfect timing. I would also stress the fact that not trading with borrowed money is a cardinal rule! You have posted yet another great post, keep em coming!

Thanks! :-)

Awesome trade highlights. I like your rule about never selling if the crypto is rising and has fallen for 2 days if it's not near your profit target. I like your honesty here - nobody can predict these price moves with perfect timing. I would also stress the fact that not trading with borrowed money is a cardinal rule! You have posted yet another great post, keep em coming!

Whatever your argument, I just don't like Warren Buffett anymore!!!

And YOU SHOUDN'T mentioned his name on steemit.

YOU SHOULD KNOW BETTER.lol

Why not? He is investor with good rules and I don't care if he hates Bitcoin. Some of his rules are doable at any investing strategy so they are good at Crypto investing also.

Hi Cicbar :)
Warren Buffett investment in like Coca-cola contribute to nearly 137,000 deaths a year from diabetes, 45,000 deaths from heart disease, and a few more thousand a year from Cancer.

So DO you like an investor who care more about the ROI than negative impact in the society ?

I would agree with you if people don't know how Coca Cola is unhealthy. Most of people know that it is bad but still drink it. It is not Warren Buffett's fault. Even I drink Coke sometimes with Pizza :-) I know what is your point but you know for sure that many factors have influence at diseases, not just Coca Cola. Usually people who drink Coke, live very unhealthy. Warren Buffett drinks Coke every day and he is 80+...

Warren Buffett era investment strategy = ROI with compounding interest

Crypto investment era = ROI with compounding impact.

And the world needs a lot of impact. So we’re here to help people and getting richer by doing good!

2018 + = WORLD LOVE II
1948 - = WORLD WAR II

+1 I hope we will get there :-)

I believe we'll get there!

It's what he puts in his coke that keeps him going! 😋

P.S. I like your moto at your profile :-)

Thanks I appreciate it :)

Just a modified version of the "Golden Rule!" It would be a good thing if most everyone could live this way, huh? And I don't care for Warren Buffet lately myself.

We should learn even from people that we don't like. I hate what he is talking about crypto but that doesn't mean that we can't learn anything from him...

True. What I have learned lately is that I don't like his integrity. If he doesn't know anything about crypto, then he should say so instead of selling himself out for the benefit of his kind. Turned himself into a liar is what he has done.

+1 😁

Don't worry @cicbar. I will support you. Good post!

Ha ha! True!

Lol :-)

Buffett, Buffett, Buffett. Just joking man. I agree with you 100%. The old man may have once been a role model, but that was back in the fiat criminal central bankers days. (Before the age of Satoshi) We are free now. Free to make money from home with Steemit. Free to mine cryptocurrencies. Free to send money to anyone in the world who has a smartphone.

Besides, he is on that Fear Monger train to dispel anything and all that is good with crypto... only to protect fiat and the banking industry. It's all he knows and he will do or say anything to disrupt the crypto space. I don't trust him now.

Actually his stance on crypto is no different from his initial stance on technology. If he doesn't understand the product he takes a dim view of it. My how that has changed as witnessed by his AAPL holding.

AAPL is not BTC!

Correct! It's not about AAPL it's about the concept of understanding. Until Buffet spends some time understanding cryptocurrency his view will be negative toward it. As a buy and hold investor I doubt that he will spend the time to do so.

Ha, he doesn't likely have much time left to Hold onto anything for very long!

That Warren Buffet quote hit me so hard.

Warren Buffet - He says a lot, but believe they do not understand what they're saying. And I do not know what will happen next!

lol, this makes me laugh of the day.

Buffet is an investor of the past and no longer has the risk tolerance of those in the crypto market. He doesn't understand the market and thus his opinion on crypto is irrelevant.

Yes 100% right. It’s likr football player telling us how to play basketball.

I’m sure most of the core strategy can be applied for both old day and crypto investment. But crypto game it’s self more of a millennial game.

I just sold out of oil and gas stocks that kept going up. It’s all political though. The companies still have terrible day rates

I have sold my oil stocks also, CVX and XOM. They will still be there for many years but for me oil industry is dying.

Hello your post of economy are incredible even though it is not my strong point. I congratulate you for making many advances in your investments.

I hope to continue counting on your help in my publications. THANK YOU.

Thanks. I have bought some SBI shares for you to support you. Here is explanation: https://steemit.com/introductions/@steembasicincome/steem-basic-income-the-extended-introduction

Thanks for the data, I will study it well. The same I would love to continue counting on you ... when you can.

Of course. :-)

Hi cicbar, thank you for the advice you give, I will take advantage of them.

Resteemed by @pillsjee! Good Luck!
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Thanks for information i need your service

Thanks for sharing.
Appears well researched and from an informed point of view. :)

Thank you for sharing. i agree with you. Profitable trading is a lot of hard work. Each time I make a huge profit, greed takes over and I quickly lose all that I gained. Its hard work to maintain discipline when trading.

Thank you for the useful information and experience of the Cripp Trade you share with us. I agree with you that there is always a great risk of losing if you do not follow the market properly and be very ready to change the course.

@cibar Having a predefined profit target (and loss) before taking a trade is a good idea too. I do like the fact you never sell at a loss if the reasons haven't changed. This helps with developing patience.

Thanks!

Whatever your reasoning, I like Warren Buffett.

And you mentally mentioned his name Steimet.
Thank you for this..

Thanks for sharing @cicbar
This is very useful for me...

NIce post

Nice post

I like to see and read every post you ... Because the arguments and blogs you post can be an inspiration for all my friends.

If your inspired with his articles why don't you be like that and making us to read you s you read this blog

It all takes the process of my friend, maybe i need time to learn more from him :)

Nice post

Thank you for sharing your insight, experience and perspective, @cicbar.

timm in cryptocurrency trading you to go deep in fundamental analysis so you can't buy bad stock at good price never maybe your are a beginner

Check out rmac.fund. Some good things going on using in-depth market analysis in order to find the cream of the crop. For day trading, fundamentals are all but useless. It just depends on your goals and timeframes how much you look at the fundamentals. Even then, sentiment can kill the best of projects. The market is not logical. It is sentimental and fickle.

Sir,nice trade highlights. Actualy i like your honest policy.You have posted yet another great post, i am wating sir. Thanks.

This is absolutely valid. I like the phrase "NEVER SELL WHEN YOUR INVESTMENT IS RISING UNTIL IT DROPS FOR TWO CONSECUTIVE DAYS". Its hard to believe but thats it. i think we need to take a risk and let it keep rising and rising....

great article, hopefully many enlightened investors. good work @cicbar. thanks.

I break my cryptos into five levels, based on how much I want to "hodl" them. My top category is those I won't sell, unless I really feel the need to. (For instance: I dumped my EOS recently because I anticipate an end to so much unwarranted hype. I'll buy back when it hits the bottom.)

I have lower level cryptos that I am more willing to trade. My objective is to diversify broadly so that I have a greater chance of catching a coin as it "Moons", sell the Mooning coin when it is high, and put the profits into the next bunch of coins that may Moon.

I try very hard not to sell a coin when it is low. I only do this when I'm desperate for funds and a great investment is staring me in the face, or when something goes wrong. An example of something going wrong would be like what happened to Centra not long ago. With legal action taken against the founders, I had to quickly dump my Centra, even though it wasn't at a good sell price.

For a normal sell I don't use the "two consecutive days" method like you do (though it has it's merits), I prefer a percentage based sell. I try to sell at about 70-75% of ATH. It's enough to minimise the chance of the price climbing to new ATH soon, but not so much of a dip that you lose out badly.

The nice thing about percentages is that they are "exchange friendly". You can leave your funds on an exchange that offers a limit-stop facility and automate the process, tweaking the levels regularly as you see fit.

70%-75% is interesting rule. Only problem that I have with that is when some Crypto is rising hard,almost 100%, this kind of rise is happening at Crypto market, 30-40% pullback is normal. Do you sell after that pullback or you hold?

I don't automatically sell. I only sell when I have decided that a crypto has gone high enough. There is no number for that, it's an art, not a science. Once I have decided to sell then I apply the 70-75% rule. If I have called the market right then it should drop soon after that anyway (like I did with KuCoin), if I called it wrong then it will drop and then carry on rising (like I did with Cardano) - and that's just too bad.

At the end of the day it's no use crying over spilt milk. It's not like I've really lost out either, since I invariably put the funds I take in back into other coins with good potential.

Historically I tend to sell a bit earlier than I would like to. I'm trying to work on this, but I'd rather sell early than late.

+1 :-)

He said he was wrong about google and amazon. He'll be wrong about bitcoin too.

Thank you for the helpful data and skill of the Cripp Trade you share with United States of America. I consider you that there's invariably an excellent risk of losing if you are doing not follow the market properly and be terribly able to amendment the course.

During the trading, we must have enough experience. Otherwise, we can face problems at any time.

I really love this advice:
>MOST IMPORTANT RULE for me is NEVER BUY CRYPTOS WITH BORROWED MONEY.Then you don't have to sell if your investment is dropping hard.

Sometimes I am tempted to borrow money and buy Cryptos when the Market is down...thank you @cicbar for this wonderful advice and insights.

You welcome :-)

Wow great I agreed with it😊

The Rockerfeller's used to have a maxim: "Nobody got poor by taking profits".

Too many people seek to compare themselves to unrealistic maximums or tops. When they should only be looking at their own buy price and thinking a) can I sell at a greater price than I bought at and b) will selling give me a decent return.

[IMAGE: https://steemitimages.com/DQmaNvhc56Wtw6djX4HfGFFtgkS6s8JviJMRwVA7UQn1pEg/Screenshot_21.png]
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Hi @cicbar, I agree most of your view.
My view comes from experience. I've sold too early and bought too later many times. I think after digging into my errors that almost all of them were due to my lack of knoledge of myself, my positions were afected by my mood or market behaviour, I describe it as a "no control" of my action.
With time and humilty I identified my lacks and errors and changed my strategy or should I say I now have a "real" strategy and a global scope of my goals.
My first move was to change my assests to Steem and making a more simple trading and more realistic goals. For me Steem ( Steemit as well) is a long term investment but not only that but a long personal development investment.
I like the way you stated nice ideas based on your experience, they support mine's but also would for sure help many others.
Cheers

Thanks mate. I like Steem also, with community growing I believe that price will be higher. :-)

"Mister Market is a schizophrenic in the short term but recovers his reason in the long run." Thanks my boys for this article ! ;)

Hi there!!! great post, that is a great opportunity with cryptos, thanks for sharing.
Good luck!!! have a great day

I so much love this article

Hello friend, excellent publication, count on me, I invite you to visit my profile and have you too, Regards

Thanks!

Hello friend, excellent publication, count on me, I invite you to visit my profile and have you too, Regards

@cicbar Post full of information..reading about the loss part in your post it reminded me how i bought BTC during last december of about 40000 INR when it was rising to it's peak and then it crashed on jan last week ..I sold them at near to 20000 INR loss..I still thank for that day because the lesson i learned is now worth it.
Thank you for your post and surely will be following your more upcoming post.

New Crypto exchange with Profit sharing coming June 1st! CoinGrinch.com
https://youtu.be/weO8EU5hK90

Thank you for sharing. i agree with you. Profitable trading is a lot of hard work. Each time I make a huge profit, greed takes over and I quickly lose all that I gained. Its hard work to maintain discipline when trading.

I think you take the best decision for the investment of bitcoin. I also see a good position of steem. It is also increasing in future and must be own. steem also change the blockchain history and great invention for us. Its helpful for funding in many projects and improve us to our good projects. Thanks for your nice Sharing. Always appreciate your post as well.

I do agree with buying stocks or cryptos with fundamental reasons, for retirement.
Let's talk about stocks; microsoft or AMS in DJ can be examples.
There are certain reasons a pioneer company like MS or a steel tycoon like arcelor stays long time in profiting and make passive income for stake holders.

But in cryptos, it will be more difficult to come in to such conclusion; BTC is a good example. It lacks currency properties, and also it is a fragile longrun investment option.

ETH seems to me most likely to stay in the market but still doubts are serious. The reason I believe is: the whole crypto ecosystem is very recent and new.

So if I wereyou, I would stick to my good plans for all cryptos and invest my major capital on traditional stocks, real estate and commodities.

Right now I have only 10% of my investment on crypto, mainly on btc, eth and eos and some steem.

I appreciate your advices 🙇🙇

Thanks :-) I am more than 10% in Crypto but majority is still in dividend stocks.

I wish you very good luck. I will increase my investments on cryptos slowly, but still on periodic short runs 🤞

I will also NEVER SELL AT LOSS.. lol

Like how you have divided your stock portfolio into Buy and Hold (Investing) and Variable Trade (Trading). Also agree with having an investing goal and sticking to it. This relieves some of the emotion out of trading. It can be very tempting to continue to hold a stock you are trading as it goes up (or down). However it is at your peril. If the thesis that got you into a stock holds then consider buying more if its going down or staying in if it's going up. If the thesis has changed, time to move on.

GREAT advice to not buy cryptos with borrowed money or on credit. Could force you to have to sell at a bad time.

Thank you :-)

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"I NEVER SELL AT LOSS IF REASONS WHY I HAVE BOUGHT SOME CRYPTOS HAVEN'T CHANGED" the problem is, you could have bought btc at 10k and it would be the same, and underwater for many months

That is no problem for me. Some investments will be positive after long period, I am patient if reasons for investment are same.

Pretty good advice. I would like to also quote another brilliant advice on trading that I read in Tony Robbin's book - "If you're in profits and you're wondering when to sell, sell only when you find another trade that can give you 50% more returns in the same time frame".

Thanks :)

You welcome!

Solid advice about profit, nobody ever went broke taking profit. Id rather take some small profits and miss a huge pump than take any loss.

At the beginning of January, i had posted here that the crash is coming, so sell everything.

Buenos días hermano excelente artículo, yo estoy empezando en este mundo y me parecen muy importantes tus experiencias, gracias por compartirlas, desde hoy te sigo..

Gracias :-)

Awesome trade highlights. I like your rule about never selling if the crypto is rising and has fallen for 2 days if it's not near your profit target. I like your honesty here - nobody can predict these price moves with perfect timing. I would also stress the fact that not trading with borrowed money is a cardinal rule! You have posted yet another great post, keep em coming!

Sold advice and I agree that crypto should not be bought using a loan because you never know when the market is going to drop!

Thanks!

I like Warren's quote, I just wish he tried to understand tech and cryptocurrency companies and investments. I bet he would have valuable insights.....oh well

good work to tell every people keep it up thanks for sharing

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Those are some very interesting tips you have mentioned

Thanks!

Thanks for sharing my friend

The article is very interesting! If you are interested in ico subscribe to me, I will also be mutually subscribed.

Very good choice, I think it would be better to buy good stock at a bad price than a bad price with good price. Very smart words. Very worth in imitation by all readers.

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I buy high and sell low.

:-)

What is the first step to take in investing

Research...

Which field do you suggest I enter into

There is many Cryptos with nice price. At moment I am buying NEO and STEEM but you should do your own research.

Ok , thanks for the advice

You are very true on this that don't trade with borrowed money. I remember when I trade ripple and I use borrowed money on marginal trade. I felt so greedy that borrowed so much then the ripple tank down and I lost all my ripple. I learned so much in that experience and never done that again.I can say that I am not an day trader but a long term investor. By the way good luck to all who are here in crypto, We can profit more money because of its infancy

You have said the reality about trading with Borrowed Money.
Thanks!

Same with me. I got burned for borrowing once but I was lucky that that lesson wasn't too expensive...

hey,,,@cicbar,,Whatever your chances is is not bad either. So I'm great on your arguments.

Once a value investor, always a value investor.

Agree :-)

But you should not be too greedy to lose all your money

Great tips. The hardest part that most of us deal with is not selling until the price has dropped for 2 days. Human nature and our fears sometimes encourages us to get out right away. Look at all the people that stopped investing and pulled their money our during the last recession. In reality that would have been the best time to continue to invest as the market has rebounded and the economy has been good.

Thanks!

Some nice advise got from your informative post. Specially, the point ‘never regret’ if the price goes high after your selling. Thanks.

thanks for the good info

Great and insightful write-up

The price you pay is really important, but I do agree you should only buy stuff you actually believe in. Anything else is gambling.

Market research is most important factor before investment. If you study it well, you always make best investments.

Hi, thank you for contributing to Steemit!

I upvoted and followed you; follow back and we can help each other succeed 🙂

Hello. I liked your post, keep it up. Good luck to you and have a nice day :)

The short term trades are worth to be done but Warren buffet is being disliked more and more nowadays.

public_opinions

It's never will be a good price or a right time, it' s just your experience. Thanks for the post!

Bitcoin has the right balance of pros and cons. That's why it's so popular.

Hey @cicbar, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)

@ahmedjubayer - You may not realize that "enjoyed your content","good content","good work","great post","i enjoyed your content" is considered to be spam, you used 70 similar phrases in your last 100 comments, I've replied to you 1 time before, and the Steem Sincerity API shows a 53.20% spam score. Learn why this is spam and a few better ways to earn the support of the community when commenting.

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Good advice from Warren, after the last run I got left holding a few worthless bags. Volume is the key to profits IMHO.

thank you vrey much for you info;
thank @cicbar

Thanks for sharing this with the community. It always nice to read something that is done with passion.

thanks for the info

Very quote from Warren Buffet: "Be fearful when others are greedy and be greedy when others are fearful

He is actually bashing crypto , and he made his money using insurance money . I wouldn't mention him here

Awesome trade highlights. I like your rule about never selling if the crypto is rising and has fallen for 2 days if it's not near your profit target. I like your honesty here - nobody can predict these price moves with perfect timing. I would also stress the fact that not trading with borrowed money is a cardinal rule! You have posted yet another great post, keep em coming!

I really hope if you visit my blog my friend, hope you are happy with my posting. Voting from you is very valuable to me @cicbar

This is entirely true and a really stressful proposition for a new trader. I like to buy as low as the technical tell me. Sell at the upside.

Earning money is a hard thing.. )