What are the high level principles one must stick to in order to succeed in this crypto game?
My principle is to only invest in coins I understand and where my inner experience confirms me there is a need for this.
What are your principles? Serious topic
buy high, sell low
dont have a good feeling about it
buy out of greed, sell out of fear
same as you. missed out a lot of moon missions due to this but I don't want to be left bagholding something that isn't guaranteed to take off due to actual use in the future that is better than their competitors.
Principles may keep you safe but they also limit your potential for success. Take a read of any current situation and act accordingly.
Don't buy a coin that's already pumping
Don't buy at all time high
Don't buy a coin with an anonymous dev team
Don't buy a coin with a pajeet team
Prefer low mc over high mc coins
The trick is not to be profitable but to be profitable for as long as possible. It is easy to be very profitable for a very short time, but it is much harder to stay in the game long. It's all about minimizing exposure.
>Don't buy a coin that's already pumping
What do you mean by a coin pumping? As in, its already going up? If yes, what % do you consider pumping?
classic
I'd say >20% However if there is a real reason for the pump and it's clearly not going to stop at 20% I will buy in