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Old 02-06-2018, 09:36 AM  
Mickey_
 
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Join Date: Nov 2005
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Posts: 4,238
You have to decide whether you intend to profit from cryptocurrencies or not.

If the answer is YES, you need to

1) become resilient
2) dig deeper, get better sources and disregard the panic and misinformation being spread in the mainstream media. You're marketers, you should know best what attracts eyeballs (hint: emotions) and understand that the media is just marketing in overdrive. They make their money from repackaging the truth and from selling fear, panic, sensationalism, etc. It's not a pretty game, but understand their game and beat them at it, don't fall for it.
3) be patient
4) have extra funds ready to buy the dips/average down when opportunities present themselves
5) constantly educate yourself

If the answer is NO, sell at a loss and find something else that better suits your risk profile. ;)


ps. perfect case in point: the above post. If you do your research, you'll realize that most of that post is either BS or half-truths without the context.
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