Dog Eat Dog Space

There I was working out in the gym and a friend asked me what I do for a living, I told him I am into crypto, most people who really aren’t enthusiastic about crypto only know crypto for the buy low and sell high feature. This usually involves a lot of waiting and recently we have had more of bears than bull, so how does one who makes a living off crypto survive? Well I had to sit down and explain that crypto is one of the most risky investment he can get into because it’s usually like a dog eat dog space. If you are trading crypto, you are gambling, no matter how defensive you are towards any crypto project, the moment you realise you are gambling, the easier it is to manage your feelings.

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First of all, lots of crypto gets launched everyday, most of them look like a potential to make you extremely rich until they don’t, the reason they don’t make you rich is because, one dog or some few dogs decided to eat the rest of the dogs, they do this by rug pulling, or being too selfish with their project where they don’t care about the community only their selfish interest of making money. I risk by buying and keeping my fingers crossed, the best thing to do is always try to be among the early investors, this reduces the risk of losing too much and increases your chance of making more profit, but if you decide to be greedy and still lose all your money through rug pulling, then you have your greed to blame.

You can never go wrong with taking profit, always remember to take profit, it’s way better to take profit than to be eaten by another dog in the crypto space. The technology is great, but while the technology is great, some people don’t care about you and only interested in making money off you, try to be wiser and don’t always get eaten by other bigger dogs.

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