Crypto for Dummies

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What is Crypto?

Crypto, a shortened variant of cryptocurrency is a digital or volatile currency in

which transactions are verified and records maintained by a decentralized
system using cryptography, rather than being maintained by a centralized
authority.

Crypto is a volatile industry. One minute, you are over 20% in profits, the next
minute, you are 70% in losses. But don’t panic, you only lose money when you
sell. If you hold for a little while, there are chances that the coin that dipped
may rise in price.

Cryptocurrency is built on the blockchain.

So what is blockchain?

Unlike the conventional Web or Internet with a central server, Blockchain is a

database that gets distributed to every computer on the network, rather than
connecting to a central server. The database contains the data from every
transaction that takes place on a network. Every time a new transaction
occurs, it gets added to the database in real-time.

These lists of transactions are separated into manageable “blocks”, with each
containing a transaction timestamp and a link to the previous block. Because
each block has to be validated by every computer on the network, it makes it
impossible to falsify a transaction, resulting in a tamper-proof ledger
containing every transaction to ever take place.
What causes the rise and fall of cryptocurrency

Though there is a lot of volatility in the cryptocurrency market. Often times,

this volatility has a root cause. If you understand what causes these swings,
you will excel in cryptocurrency. There are several factors that have an
influence on the demand for cryptocurrencies. Some of them include;

The Media: The usefulness and purpose of a coin often takes a back seat to
trends, media recognition, and endorsement by public figures.

The vast majority of cryptocurrencies have a finite supply, meaning if

something like a rumour or news item was to drive up demand, the price will
shortly follow. It can be hard to notice an uptick in demand, but you can make
it far easier by following media coverage.

When Media buzz causes astronomical growth of a coin, is the new price the
real value or the former value which has now been driven up by the Media?

When Media drives up price, people often describe such an asset as

overbought. Traders rush in to buy it, and since its supply can no longer keep
up with the demand, the price experiences substantial growth. Those who
believe the asset is trading above its true value might perceive the hype as
unreasonable and the investment misplaced.

The reverse can take place, as well. An asset, the supply of which is higher than
the demand for it can be considered to be oversold. The number of people
who want to sell it is greater than the number of buyers. With little or no
interest in the asset, its price falls. A keen trader, recognizing the hidden
potential of the asset, will make a purchase despite a prevalent negative
atmosphere surrounding it. If the asset really were oversold, its price will
correct back upwards and the trader will make a profit.

Take, for example, Dogecoin, a small project that was essentially a joke, but
somehow ended up making investors millions! You might be asking yourself
“how’s that even possible? Well, when Elon Musk tweeted about Dogecoin,
showing he believed in it, investors could only come to one logical conclusion -
if the richest man in the world thinks it’s a good investment, I should probably
invest too.
Following this, there was a huge increase in demand for Dogecoin, causing the
price to rise, generating further publicity, resulting in a snowball effect.

FOMO (Fear Of Missing Out): The idea that someone might miss out on easy
profit (FOMO) can play a big role in investment choices. When many people
buy a coin, the coin’s price tend to increase.

Demand and Supply: Demand and supply has a huge influence on the price of
pretty much everything in the modern world. Cryptocurrency is no exception
to this rule.

The law of demand and supply is an economic theory that determines the
relationship between the supply of a particular good or service and the
demand for it, to see what effect that has on its price. It describes the
fluctuations in the price of anything.

If demand increases faster than supply, the price goes up. For example, when
there was a clash between herdsmen and settlers which led to an inability to
convey fresh farm produce from the North to the South; with the demand for
farm produce unchanging, the price of tomatoes and onions increased.

If a coin is in short supply or if the demand for it is high the situation results in
an increase in price. Those wishing to buy are willing to compete by offering
ever higher prices. Alternatively, if a cryptocurrency is in abundance and if the
demand for it is low, the prices fall.

Generally, the law of demand and supply predicts that if the demand for
something rises, the suppliers will make more of it. Manufacturers are willing
to expand their production to sell larger quantities, intending to profit from
more sales. But that is impossible when it comes to most cryptocurrencies for
two simple reasons: they are limited by max supply and they are distributed.

Max supply determines the total amount of each particular crypto that will
ever exist. When it comes to Bitcoin, that number is 21 million. Over 18 million
BTC have already been mined and the rest are slowly being added to the pool
of total bitcoin supply.

When supply and demand are the same, they bring balance to the market. The
amount of goods or services supplied is the same as the amount demanded.
Market stability eliminates volatility, which brings about equilibrium.
In reality, no market is ever completely in equilibrium. Since crypto markets
are still relatively young, they are even further from equilibrium than long-
standing markets might be. Perhaps one day in the future, the price of crypto
will stabilize. But for now, its high volatility is part of what makes crypto so
exciting, because it raises the stakes for traders. A market where prices move
rapidly brings higher risk for traders, but also the potential for higher rewards.

Keeping your eye on the crypto market, which is open 24/7 is essential when
you want to invest in cryptocurrency.

Integration: As a relatively new technology, many people are looking at

cryptocurrency with wide eyes, wondering what it will amount to. This
depends massively on something called institutional adoption, which involves
large companies like Amazon and Visa integrating crypto technology into their
platforms. Also, with countries like El Salvador accepting it as Legal Tender, it
boosts adoption and tends to drive up the price of coins.

In a similar case is the relationship between Elon Musk and Dogecoin. This
shows that a large company with deep pockets believes in cryptocurrency. This
(rumoured) adoption often cause an upward trend in price.

In July 2021, there was a rumour circulating about Amazon starting to accept
crypto payments. As expected, social media users were excited. As this story
began to circulate, it caused wild speculation about the future of Bitcoin and
cryptocurrency in general; with many believing other companies would follow
afterwards

Although this story was later confirmed to be false by Amazon, the price of
Bitcoin shot up drastically rising from $34,400 to over $40,000, an increase of
over 15%.

Benefits of Cryptocurrency

Hedge against inflation: Two things often happen when you save in crypto.
Your savings either remains the same or it is worth more after a period of time.
Inflation do not affect your savings as it’s protected safely in the blockchain.
When you convert your N50,000 to USDT(a crypto form of US Dollar). Using
the exchange rate of N565/$1, your N50,000 stays that amount. With the
consistent fall in Naira, it could become N587/$1, which becomes profit for
you at the point of conversion to Naira(FIAT).

The Crypto market is open 24/7: Unlike the stock market, the cryptocurrency
market never closes! If your trade isn’t going as planned, you can quickly close
a trade before you lose all your earnings. You also get your profits in real-time.
There is nothing like; come back tomorrow to redeem your wins or profits. This
means wherever you are in the world, you can earn a second income by
trading in your spare time; all from the comfort of your bed!

Hedge against a falling FIAT(currency used in the country): Due to the

inconsistency of local currency, you can make your income appreciate more
even when the local currency is falling. Crypto helps you to achieve this.

No Barrier to Entry: Crypto trading allows anyone in at any point in time. A

family in Kaduna, a student in Ibadan, a trader in Aba can all play in the same
markets with significantly lower barriers to entry for anyone involved. There is
no individual or organization that is gatekeeping crypto. Anyone can enter or
close a trade on any crypto exchange at any day or time of their choosing. With
as low as $10, you can start trading and start making profits.

Volatility can also be a Blessing: Due to its volatile nature, a coin may move
significantly downwards. This curse could also be a blessing because that same
coin can pump significantly upwards and you x10 your capital if you entered
while it was low. Unlike investment in stocks, a 5% price change in the stock
market can send the market into a frenzy! However, with cryptocurrencies, it’s
common to see a 50% price increase overnight - giving you the potential to
make huge profits with just 1 trade!

A form of investment: With crypto, you can increase your earnings by buying
crypto and watching them increase over time. Crypto can make a small
investment of just $100 to be worth $1000s by the same time next year,
provided that you take the time to learn, be patient and choose the right
investments.

Small initial investment over a period of time lowers both the risk and the
barrier of entry, for the benefit of a larger potential gain than any other
market. Using a concept called Dollar Cost Averaging(DCA), instead of putting
all your funds at once into crypto, you buy coin in small portions at different
days or times. That way, you are not burned by a significant fall in the price of
a coin. For example, instead of putting all your $1000 into a coin, you can buy
them in bits at different point in time; $100 today, $250 tomorrow, $150 etc.

Crypto is the future of Finance: Cryptocurrency is tipped to be the future of

finance and will positioned to disrupt many industries. Unlike traditional
financial markets, crypto offers traders very peculiar features.

Little startup capital: Across the world, crypto is still in its infancy stage. You
don’t need a huge amount of money to make it big in crypto! In May 2021,
someone made the sum of $6.5million by just buying $17 worth of $Shib. The
tokens were bought in October 2020.

In November 2021, a crypto trader who had bought a $8000 worth of $Shib in
August 2020 made $5.7billion, as the meme coin gained over 94,278,239.8%.
The $8000 worth of Shiba Inu($Shib) rose from $8,000 to $5.7billion at $Shib’s
all–time high of $0.00008845. This made the hodler a crypto billionaire.

Futures Trading: With learning, practicals and experience, Futures Trading can
help you make big profits from a single trade. With Futures, you can earn 100x
more than you usually would. This means a trade that would have given you
only $10, could earn you $1000. Always remember that the higher your risks,
the higher your losses whenever they don’t go the way you speculated.

Crypto is the new school: One of the reasons why Millennials and GenZ are
major users of crypto is its ability of ‘Banking the Unbanked’. However, this
use-case is not enough. Remember that these days, capital gains are larger
than most salary incomes. Due to this, millennials and GenZ will rather invest
in crypto than in stocks or be fixated with their salary (fixed monthly earnings).

If you are between 18–35, chances are you are significantly more likely to
trade crypto in a 24/7 market that feels at times like a computer game than
buying stocks of old companies.

Millennials - already struggling with bills, rent and unemployment - see crypto
trading not as a risk but as an opportunity to join the ‘financial party’ to which
they had previously not been invited. Hence, trading cryptocurrency opens
new financial opportunities for them, the previously ‘excluded’ parts of
society, allowing them participate as investors.
Disadvantages of Crypto

Crypto is volatile: You can return to the village quicker than you know it. Your
$500 portfolio can turn to $24 before you close your eyes and open them. It is
this volatile nature that makes crypto-averse persons run from it.

No Risk-free Trades: In cryptocurrency, there are no risk-free trades. Every

market entry is laden with risks. From Bitcoin to Ethereum to BNB, there are
risks everywhere. In crypto, you are always trading at your risk. This is why you
always see the Caveat: DYOR(Do Your Own Research). To do your own
research, you can get access to data and actionable insights on www.reni.ng

With Reni, you make smarter financial decisions by getting access to a pool of
aggregated data and actionable insights. From coin marketcap, prices, reviews
from coin hodlers, market sentiments, coin comparisons, and a whole lot.

Losses are part of the journey: It’s completely rational to close trades with a
loss. There is no trader that has a 100% infallibility ratio and traders that claim
so or guarantee fixed returns are not telling you the complete story. What
traders have to avoid is to accumulate a total loss that will be virtually
impossible to recover from.

Breaking even after a major loss is hard: When you accumulate lots of losses,
it will affect the portfolio in the long-run. If you keep making losses upon
losses, with little profits to cover up for them, you might be out of portfolio in
the long-run. Take for example, if an asset loses 30% of its value in one week
and the next one it gains again the 30%, we won’t simply reach breakeven.

For example, you start crypto with a capital investment of $10,000. That same
week, you lose $3000 because you panic-sold when the coin dipped. Your
initial $10,000 has now become $7000 because you sold.

In the following week, you made a 30% percent gain. That means that your
$7000 will become $9100. A profit of $2100 in absolute terms. Remember that
$9100 isn’t the amount you started with, but $10,000.

If this cycle continues, it becomes harder and harder to get back to the starting
value.

Don’t panic sell.

Seasons in Crypto

There are two types of seasons in crypto

The Bear(ish) Season and The Bull(ish) Season.

Bear Markets: Bear Markets are markets experiencing sustained and/or

substantial declines for a period of time.

Bear markets is a period of time where supply is greater than demand,

confidence is low, and prices are falling.

Pessimistic investors who believe prices will continue to fall are, therefore,
referred to as “Bears.” Bear markets can be difficult to trade in — particularly
for inexperienced traders.

As investor confidence reduces, a negative feedback loop emerges, which

leads to people selling off their crypto, causing prices to continue to fall.

The Bears are often excited about a fall in price. This enables them to buy
more, and make profits whenever it pumps.

It is always a sound investment strategy to buy crypto during a bear market.

This pays off when the cycle reverses itself and the market become green.
Bull Markets: Bull Markets are markets experiencing sustained and/or
substantial growth over a period of time.

A bull market, or bull run, is a period of time where the majority of investors
are buying, demand outweighs supply, market confidence is at a high, and
prices are rising. If, in a given market, prices are quickly trending upwards, this
could be a sign that the majority of investors are becoming optimistic or
“bullish” about the price. With more and more people jumping into that crypto
asset, it increases even further, and may mean that you’re looking at the start
of a bull market.

Investors who believe that prices will increase over time are known as “Bulls”.
As investor confidence rises, a positive feedback loop emerges, which tends to
draw in further investment, causing prices to continue to rise.

Because the price of a given cryptocurrency is substantially influenced by

public confidence in that asset, a strategy some investors use is to try to
determine investors’ optimism in a given market (a measure known as “market
sentiment”).

Bear and Bull markets each presents its own set of opportunities and pitfalls.

Excited about the pump in price and anticipating more pumps, bulls can quickly
buy so they can sell to make quick profits. The pitfall however is, the crypto
asset may have gotten to its peak, then nosedive and starts to dip, leading to
losses if they are sold or the investor becoming an hodler for a long time. A
typical example is investors who bought $Shib at the price of $0.00008845,
hoping it would increase even further. Since that amount(ATH), $Shib is yet to
back up to their entry price, talk more of surpassing it. So their day of profits
has been shifted forward or may never come. At the time of writing, $Shib has
dipped all the way down to $0.00003356
How to read Crypto charts
In crypto, it is important to know how to read charts, identify trends(whether
they are moving up, down or across) and also know when they are about to
reverse. This skill is really key to Crypto trading.
It is very important to learn how to follow charts, no matter what asset you are
trading.

Bar Chart: A bar chart helps you to identify the prevailing trend and to time the
entry and exit of your trades.

Line Chart: A line chart is the simplest and most basic type of stock chart used
to analyze crypto market. A line chart shows the direction of the
cryptocurrency closing price. This quickly gives the crypto-chart reader a view
of the price trend.

Candlestick Chart: Candlestick charts are used by traders to determine

possible price movement based on past patterns. Candlesticks are useful when
trading as they show four price points (open, close, high, and low) throughout
the period of time the trader specifies.

How do I buy crypto

Exchanges: You can buy crypto on crypto exchanges such as Binance, FTX,
Coinbase.

Local P2P: You can also buy crypto from individuals and communities that buy
and sell crypto.
How to make money from crypto

Often times, people go into crypto without a defined strategy.

Am I holding this coin for a long-term?

Am I flipping it for instant cash as soon as it pumps?

Am I waiting for a dip in price before jumping in?

Am I jumping on a pump?

Am I using some of or all of these?

It is important to have a clearly defined strategy in mind before investing in

crypto. This enables you to hold your ground or plan well, unperturbed by
current rumours being peddled in the news.

That being said, there are two major ways people make money from crypto.

1. Crypto Investing

2. Crypto Trading

Crypto Investing: This way of making money from crypto is when you buy
crypto and hold for a long time as a store of value. E.g buying Bitcoin when it
was $5000 and not selling, even when it got to $68,000. This set of investors
always hope for a pump in price. Sometimes, they buy more when it dips. To
these investors, crypto is a basic store of value.

Crypto Investing is the simplest strategy. It is popular for the crypto term
HODLing (holding); which involves buying and waiting for a coin to rise. As easy
and simple as it seems, it is not just about buying a cryptocurrency and praying
for it to pump. You need to note the following:

First, Buy during a dip: Buying during a dip ensures that you won’t get caught
out and end up having to wait months or years for a coin to rise back in value.

Second, Crypto Investing method isn’t a get-rich-quick scheme: You need to

have faith in the long-term potential of the project that you invested in. Make
sure it has solid technology and a good team behind it. In crypto, a good team
and an enthusiastic community helps a cryptocurrency to appreciate in value
Crypto Trading: Crypto Trading is the activity of buying and selling crypto over
a short period of time. For many people, to just buy and hold coin is a lazy
strategy. This is because they don’t want to be up massively and then lose all
the profits made because they did not sell. So instead of just watching price
action, they consider taking some profits at different times in order to take
money off the table and convert them to a stable coin like USDT or convert to
FIAT or just rotate it back into other coins that might be at a lower price.

For example, if you are in profit and have made over 100%, you can set a stop
loss just below it to sell a part of your holdings and take some profit, say 20-
30%. With Crypto Trading, you can flip your best-performing coins to instant
FIAT. With the profits made, you can also buy when it dips. This helps you
make much more money in the long-run. Do understand that Crypto Trading is
a repeat game. You enter the market and take profits. In situations whereby
you make losses, take lessons from these losses, learn and move on. Don’t
dwell too much on “had I known” and “what if”. These thoughts will affect
your next trade, as you are bent on using the experiences of the former trade
as a determinant factor in your new trade.

It is important to note that trading profitably is not rocket science. You don’t
have to be an Albert Einstein to trade with profits.
However, there are 2 major problems which hold people back from making
money with trading cryptocurrencies. They are:

1. Not having a clear plan for their trade and/or not sticking to their plan.
Therefore, they get emotional while watching price action.

2. Not taking profit when it is there. Greed often makes people not to get
profits in crypto. With each increase in price, they want more. They don’t sell,
they keep wanting; watching price action all through. Then, the price starts to
fall and they watch in despair or panic-sell at a little profit, at the entry price or
at a loss.

Questions to ask yourself before you trade:

1. What’s my goal (get more Bitcoin, more Ethereum, more USDT?)

2. Why do I want to enter a trade – Which signals tell me that this price is going
to go up (or down)?

3. How far do I expect price to move at least?

4. In which time frame do I expect price to move up (or down)?

5. Where would be my entry price?

6. Where would be my stop loss?

7. What’s my hedging strategy?

8. Where do I take profit?

With these parameters you are able to execute a trade, from the beginning to
the end. Otherwise, you don’t know what you are doing and probably end up
with no profit or even a loss.

NB: Don’t stake your rent on crypto. Otherwise, you’d return to the trenches.

Types of Crypto Trading Strategies

Day Trading: Day Trading is a perfect strategy for those who want to make a
full-time living from cryptocurrency. With this method, traders can make huge
profits by taking advantage of the little changes in price. E.g they buy
Ethereum at $4140, then sells when it pumps to $4450.
Day trading is the act of buying a coin and selling it once it’s risen or fallen by a
small amount. It is simple, promises a quick turnover and reduces risk.

This method involves you watching it on a daily basis to see the price
continuously going up and down i.e. going sideways and not really hitting new
highs. At this point, you start to trade within that ‘channel’ of high and low
prices. So you are getting in near the bottom and out near the top.

Due to the uncertainty of the market, many people do not trade around this
time. They often miss out on profits while markets go sideways. Between
December 2021 and March 2022, the markets failed to reach new highs,
basically just swinging between $33,000 and $48,000. Due to the uncertainty
of the market, many traders will not trade. On the flipside, this is one of the
best times to rake in multiple small profits which accumulate to big profits in
the long run. Often times, the markets might go sideways for many months. If
you don’t trade within the range while waiting for the eventual upturn, you will
miss out on that time and profit.

Advantages

1. You can make profits with a coin that is still lowly-priced e.g $Shib. When
$Shib did its bullrun late 2021, some people became millionaires.
2. Low risk. You are not caught up in a sudden volatility of the market. This
is because you are ready set up to close a trade as soon as you’ve made
a profit.
Disadvantages

1. Without a large sum of money to invest, you wouldn’t make much

profits if you adopted this strategy for a coin that is already expensive
e.g Bitcoin. Illustration: If Bitcoin rose by a few hundred dollars, you
wouldn’t make much money if you invested $5000. This is because, your
$5000 wouldn’t have bought enough Bitcoin in the first place.
2. As soon as you take profit from a pump, you would miss out on
subsequent profits, if the coin continues to pump.

Trend Trading: Trend Trading is a trading strategy that deals with observing
the crypto charts to identify upwards and downward trends. Through careful
observation and identification, the trader takes advantage of the swings in the
market by buying at the bottom and selling with the peak.

Though impossible to accurate predict the next movement of a coin either

upwards or downwards, you can look at the top gainers and losers and try to
identify if you’re at the start, middle, or end of a trend. As long as the trend
isn’t about to end, you can make some money!

Disadvantages

1. It’s impossible to buy right at the bottom or to sell at the peak. This is
because before a movement in price begins, there is nothing for you to
base your trade on. E.g; you enter a trade by buying Bitcoin when it dips
to $57k, with hopes that it will pump to $69k. On the contrary, instead
of rising upon reaching $57k, it dips further downwards to $54k or less.
Futures: Futures is a very risky form of crypto trading. If it were possible, it
wouldn’t appear in this document at all. However, it is being documented in
this e-book for knowledge purposes. This strategy is the number 1 source of
people losing their fortunes in crypto trading. Futures is “High risk, high
rewards”. “Low risk, low rewards”. Basically, go big or go home.

With this strategy, instead of putting all of your eggs in one basket, you spread
them by placing bets on the movements of coins; either upwards or
downwards. If you speculate (place a bet) that a coin will go up, and it goes up,
you will be in profits. If you place a bet that a coin will go down, and it goes up,
you’d be in losses. The process also applies when you bet on a downward
movement. In Futures, betting on a decline in price is called “Short”. Betting on
an increase in price is called “Long”

In Bear Markets, it is often smart to short crypto by speculating a further

decline in price. The flipside is that the crypto might rebounce and markets
become green again. Be observant, study the charts before jumping in.

This approach does require a bit more work than the other strategies earlier
mentioned because you need to analyze how likely it would be for the price to
rise or fall and set up trades accordingly.

CAVEAT: Don’t trade Futures if you don’t know much about it.

Advantage

1. A correctly predicted bet can make you huge profits.

Disadvantage

1. A loss can render you homeless.

Trading Strategies to use

Often times, newbies ask: “What is a good trading strategy?”

The best answer is; there is no definite answer. It always depends.

There is no one secret to crypto trading. You need to play across all the
strategies to get maximum results. You hodl some coins, you do day-to-day
trading, you leverage on trend trading etc. A summation of several trading
strategies will help you win big in the crypto space.

There are two main analyses that should guide your foray in crypto.

1. Fundamental analysis: Fundamental analysis relies on data to determine the

long term trend of the market.

2. Technical analysis: Technical analysis on the other hand, is the study of

short term movements in the price.

Do understand that a strategy can be better or a worse fit depending on: - the
asset you are trading, the market conditions in terms of the market circle,
volatility and current liquidity, your risk appetite profile and the capital.

Tips for the Bull Season

Buy the dips and sell 20-50% of your profit as it goes back up but hold on to the
rest for when the big move comes.

Just keep doing it. Rinse and Repeat. Note that you need data that predicts
that it is going to continue up.

If it stops going up, do this:

Buy the currency as at when it has dropped -10% from a recent high and again
at -20% from the recent high and again at -30% from the recent high. Write
down the price at which you are going to enter in advance. Each time increase
the amount you are investing with.

Remember that cryptocurrencies have massive volatility. Do not get emotional

about this. Expect it. Embrace it even. Volatility is your friend so you can buy at
a cheaper price. While everyone else is panicking, you will be entering again,
Only use this strategy if you are sure your chosen coin cannot go to zero.

If you are investing more speculatively because you want to take on more risk
to make more potential returns then you need to know what you are doing.

If you are taking on more risk then don't keep buying into it because if it goes
to zero, all your money will be gone. Here you have to be clever. Try only
buying when it has dropped and you see it going up again.

But remember, this strategy can only work on something you believe will not
go to zero. If you believe that Bitcoin or any other Altcoin can go to zero, do
not employ this strategy.

So what makes crypto trading so difficult?

The human nature makes crypto trading so difficult. We are overwhelmed by

emotions and feelings. These affections can be the worst enemies for a trader.

Every trader can have a different reaction in front of the same price
movement: fear, euphoria, greed, anger and disillusion are feelings that a
trader can experience in a couple of minutes. A summation of these will have a
negative effect on his or her capabilities of taking rational decisions.

Managing your emotions well can be the difference between making

thousands and losing everything. Every trader goes through a cycle of
emotions. When everything is green and the market is in your favour, you will
become elated and euphoric (this is when you start seeing posts like “to the
moon” all over social media. When prices begin to drop, anxiety and fear start
to take hold. These emotions culminate and intensify as the prices continue to
fall until you reach a point of anger and despair.

Where along this cycle would you sell? You might be thinking “just as anxiety
and fear take hold”, after all, this would shield you from any large losses. In
reality, that’s already far too late, it’s better to sell at peak happiness, right
when your investments are hitting all-time highs.

A period of extreme growth is almost always followed by a dip, which would

allow you to buy back in, increasing your position size. Once you master your
emotions you can trade without bias, putting you on the path to becoming a
professional trader.

Best in your crypto journey.

We All Gonna Make It(WAGMI).

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