A friend of mine was talking with me back in early June. He knew I was in Bitcoin and he asked me why. After the conversation he went and bought BTC. I saw him recently and he told me he sold all his Bitcoin at the end of August. I asked why.
1/x
1/x
He told me another one of his friends where he lives told him to. His friend, he said, had just 2x'ed his money in Ethereum, buying at the end of June and selling in August. Said his friend told him he caught a lucky break making profit before crypto went back down
2/x
2/x
I told my friend he should have consulted me first, that it would have been better for him. He replied that he could just buy back in again.
His gain was 10%.
But because he didn't understand his investment and listened to his friend, he is missing out on a potential 10x.
3/x
His gain was 10%.
But because he didn't understand his investment and listened to his friend, he is missing out on a potential 10x.
3/x
Moral of the story: cut out as much noise as possible and have conviction in a trade that you understand.
4/4
4/4
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