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In crypto, sometimes the best thing you can do is nothing

Sit on those paper hands until they turn into diamonds.
There exists a meme in the crypto world that goes something like this: “Whenever I buy, the market dumps, and whenever I sell, the market pumps.” Like a cliche, the widespread status of a meme is a sign that it contains an element of truth, as anyone who has spent five minutes on a trading site will have learned with great pain.Those who hold onto a dying coin for too long are considered delusional, while those who sell too soon are derided as having “paper hands.” In between are the estimated 1%–3% of day traders who actually make a profit.A confessional by one trader on social media site Reddit painted a vivid picture of paper hands at play on Thursday. A user by the name of u/wheelzoffortune told the story of their failure to reap life-changing profits from cryptocurrency investments because they continually sold too early. The Redditor revealed how they o

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Źródło: https://cointelegraph.com/news/in-crypto-sometimes-the-best-thing-you-can-do-is-nothing

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