It's time for a new video on the main channel!
Now, I've been in crypto for quite some time, and there have been many instances where I found myself holding coins and tokens that had fallen by 90% or more. I never wanted to sell them because I didn't know if they would recover, but many of them never did.
This is an experience I'm sure many of you have had over the last few months, which is why I took the time to put together today's video. It's all about how to know when it's time to let go – how to know when the cryptos you hold are down and out.
There are many criteria you need to pay attention to, and though price is probably the least important, it's the most obvious one. However, it's not just the price action that matters, but why it happened. Were there legitimate pumps? Or were they all speculative?
Another important factor on the money side is runway, i.e. how much money the crypto project has to fund its operations. With a large enough war chest, it's unlikely that the project is dead regardless of its price. There are other criteria to keep in mind though of course.
Today's video touches on the most important ones, and hopefully it will help you make that difficult decision about some of your heaviest bags.
It happens to the best of us, and with some luck you won't be left questioning too much of your portfolio by the end 😉
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Long Term Price Analysis: https://coinmarketcap.com/
► ICO Information: https://messari.io/
► Crypto Developer Activity: https://github.com/
► Google Trends: https://trends.google.com/trends/expl…
► Crypto Rich Lists: https://bitinfocharts.com/top-100-ric…
► Regulatory Risk Estimates: https://www.cryptoratingcouncil.com/a…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
