Don't chase pumps, buy dips

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I know that it is easier said than done but this right here is one the best pieces of advice anyone can give to you whether you are old in the crypto game or you are just joining the crypto space, now before I go deep into the reason for this post which is about not chasing the pumps but buying the dips, let me share some advice given to me when I got into the crypto space as a trader.

• First advice was that I should never for any reason trade or invest money that is meant for very important purposes like your house rent or children's school fees or family upkeep the money to trade because the crypto market has a mind of its own it could dip for a year or pump.

• I was told to learn how to take some profit or profits off the crypto market from time to time, which includes you taking or pulling out your profit worth your initial capital for that trade once you are in profit and leaving the rest to run, using a trailing stop.

• Lastly, trade only what you see not what you think you saw.

Now, back to the main reason or purpose for this post, with is about not chasing pumps but buying dips instead, the bear market is the best time to invest or buy coins in the crypto market but a lot of people run away from the crypto market during the bear and they rush back in or FOMO in heavy during the bull market because they believe that during the bear market, you would lose your money and during the Bull is the only time to make money from the crypto market which is a big lie because even in this prolonged bear market condition a lot of traders have made a lot of money and they would make if they were smart enough to accumulate during this bear market.

Bull market makes you rich, the Bear market makes you wealthy.

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