How To Trade Bitcoin and Ethereum Cryptocurrency for Beginners 2018

How's it going everybody. I'm going to talk about cryptocurrency such as Bitcoin and Ethereum. A little background about it how you can invest in it and the risks involved.

Now I'm a beginner myself and I did my research just enough so that I would be comfortable investing in it. I know you can get a lot deeper into in terms of the implementation the types of crypto currencies the way it works. And actually how actually mined things. This is all kind of transparent you don't necessarily need to know every single detail in order to invest in it wisely. But it is important to know a little bit of the background.

Cryptocurrency Background

 Crypto currencies is kind of like this you have a whole bunch of computers on a network on the internet. They all have a thing called lectures which keeps track of all the transactions. Now cryptocurrency is a decentralized network which means every single node, every single computer has a copy of this ledger of every single transaction there is. Now every single node can actually have a concave version of this ledger.

Currently this ledger which holds all the transactions that ever been completed since the beginning. Is roughly ten the 30 gigabytes and it's actually growing. The whole decentralized network constantly checked itself for error. So if an attacker comes in and tries to modify one single computer. And tries to feed this to other computers. Other computers are going to complain about it and not going to allow this fake transaction to go through.

 The thing I like about cryptocurrency is that the number of coins is actually fixed. From the very beginning. Now not all of them may be discovered yet because they have to go through this mining process.

Bitcoin vs US Dollar

This is in contrast to u.s. dollars where the central bank can actually just print any amount of money bail whatever company out. All of the supply of the United States dollar would inflate and the value of our dollar would gradually go down.

 This is very different in the crypto currency because the number of issued coin stays the same. Much like gold where the amount of gold stays the same. And therefore there's a rarity to it and due to this rarity the value of gold is kept. And I expect the value of a digital currency to be kept as well.

 You can see as the US dollar goes down and down the value of the digital currency would go up as compared to a United States dollar. 

What is the main difference between bitcoin and ethereum

Now what's the difference between Bitcoin and Ethereum. Bitcoin is just a digital currency itself. However Ethereum you can attack on all these other different services on to the blockchain and essentially do fancy things with it. And that's why people like to use as a area more than Bitcoin.

 For example you can set up the Ethereum to do something like a Kickstarter where people can actually pay into it. And it would not actually be duck from their account until certain criterias are met.

Ethereum has been a bit more popularity and currently it's a second most popular digital currency after Bitcoin. Ethereum has a shorter block time of 12 seconds whereas Bitcoin has a block time of around 10 minutes. This really just means that whenever you do a transaction for example you want to buy more etherium that transaction would go through faster. This is because Bitcoin by itself it's architected in such a way. That they can only do so many transactions per second need to propagate through the whole system. And this takes ten minutes to do. Just because of this bottleneck and because the original creator is nowhere to be found.

There's a lot of different groups that are trying to change the way Bitcoin works and they can never agree to something. Because of this is kind of going to be like an HD DVD versus a blu-ray battle the digital currency that's going to win is the one that's easier to use.

 Now I see Bitcoin it's kind of slowing down although it is the most popular right now. Due to this blockage of all the different ideas of how Bitcoin should be changed. So therefore they're going to be in a gridlock and nothing will happen. And therefore it's just going to slow down in terms of usability compared to the Ethereum.

How to buy bitcoin and ethereum

 Now you wonder how the heck do you buy into this because sometimes you have to run a server or something this gets really complicated. Personally I just go to one of the largest exchanges coinbase.com.

I actually bought one Ethereum this is at the cost of $255 and I've gained about 26% since maybe a month ago that I bought this coin. You have to understand that digital currency is highly highly speculative. It's kind of like currency traded you never know where it's going to go based on policy or whatnot.

For example the Ethereum got hacked a while back someone sixty million dollars from the server. However the creator said no you can't take 60 million dollars. So then they kind of went back on the ledger and just kind of forked it and they call the new one Ethereum and the old one is called the Ethereum classic. The classic one started off about $2 and now about $20.

 Normal ethereum is about $320 as of today on blockchain brokerage. Now I like it here and better because I like the idea that thieves wasn't able to get away with the 60 million dollars however the theme classic people just think oh yeah you know this programming is immutable. You should not be able to change it no matter how what happens.

 Now that's two ways of thinking about it kind of side on the etherium side rather than the classic side. So I bought more a theorem instead. Now I want to give a case on why I should buy things that holds their value a lot better such as crypto currencies or gold.

However cryptocurrency is a super duper volatile just one day it can go like 10%. I just bought a ethereum, I bought at 250 and went up all the way to like 350. That's like a hundred dollar gain. How many percent gain is that. it's like 33% and then it just dropped back down $30 this is another 10% down.

So you can expect it's going to go up 30% down 10% one day up with other 20%. You know it's just going to move all over the place. And you just have to expect this, however if you think about long term let's say 10 to 20 years.

The US currency in year 2000 let's say you have $1 then you know how much it's worth today it's about 71 cents to that dollar. Now if you held $1 worth of gold it's going to be worth a lot more than one dollar.

Since year 2000 there's an inflation of about 2% per year. Now over 17 years this equates to about a 40% of inflation so the average price of things if it was one dollar back then today it's going to cost you one dollar and 40 cents.

Now you just can't look at inflation and just go all my currencies is going down in value but at the same time your wages has been going up as well. So what you really want to look at it's not at the actual value of this dollar. But rather how much you can buy per your income every single year.

 Back in 2004 to average expenses as a ratio of income is about 55% this includes housing, transportation, medical costs, food etc. Now fast-forward 10 years in 2014 people actually have this 74% to buy the same exact stuff. This is a 19% increase of cost relative to your income.

 Your income may be increasing but the costs are increasing a lot faster. All this boils down to that your buying power is actually being reduced. In light of all this you may have a chunk of investable assets and you put it in an investment account and it's growing at 6 to 8% every single year.

 Now yet this beats inflation however if you keep any of this in cash such as in a savings account. Which earns you only 1% the inflation of 2% along with wage is outpacing your expenses. It's going to create an effect where your money is kind of shrinking about 1% every single year. And over a long time this is a lot.

When I looked at digital currencies is highly speculative so I wouldn't want to put all my investment money inside a digital currency of course. Couple years ago a friend told me about a guy who invested in Bitcoin really really early on and he invested in just about a thousand dollars and it grew 1,000%. So guess what $1000 turned into a million dollars. So he put in in something highly highly speculative and he got a really good gain from it.

 You can imagine for anything that's so highly speculative you may gain 1,000 fold or you may actually lose it all. If maybe Bitcoin just folded. One thing's for sure I think buying digital currency is actually a lot better than lottery tickets or going gambling with the same amount of money. When you gamble at a casino the long-term gains is actually very very negative the more you play the more you're going to lose.

 So in light of all this my comfortable range of investing in something like this maybe about five to ten percent of your portfolio.  Your portfolio is the amount that is over and beyond what you save your emergency fund. So if you have an emergency fund and anything over this. This is what you should use to invest. Out of this five to ten percent, I would stick about 25% in bitcoins and 75% in ethereum.

Investor or Trader

 There's pretty much two ways they can go about doing this. You could be an investor or you could be a trader.  Now if you choose to be an investor that typically means that you would purchase some cryptocurrency and hold on to it.

Basically you could be holding on to it for a few months or even a few years. And hoping that that value of that cryptocurrency will appreciate. Now if you choose to be a trader you typically focus on short term profit. Meaning you would purchase a cryptocurrency and utilize the volatility of the market to sell in and out of trades.

 Basically it goes down to the buy low sell high now if you're anything like me you're probably going to be a mixture of both. I do have some coins that I hold long term as long term investment so I'm not too concerned about the fluctuation in prices.

 However there are other coins that I do trade short term and I do utilize that fluctuation to get quick profits. So it's really up to you to evaluate what your goals are and what level of risk you're willing to take.

2 Must Have Wallets: How To Keep Your Cryptocurrency Safe

What is the best bitcoin wallet app? Well this article will reveal all, not just bitcoin but also what is the best litcoin wallet and also what is the best ethtereum wallet which is both safe and useable!

My top two wallets I recommend a few guys now. There's no ico recommendations no investment recommendations nothing like that in this article. I'm just going to be showing you the two wallets that I use that I find absolutely excellent.

The first wallet I use is blockchain wallets this wallet as it's a simple seamless and secure. And it is exactly that is absolutely excellent wallets. Number one digital wallet over a hundred million transactions and over 15 million users.  It's just absolutely insane the amount of people. It has simple safe and secure and also you can buy and sell.

 It's absolutely excellent they have an app on the App Store for iPhones and also on the Google Play Store. No Android app for some reason I'm not quite sure but you can still access the via website on your phone but just on the web browser.

So they have Bitcoin and they have Ether (aetherium). They're the only two ones they have on this wallet. But by god they do them very very well Bitcoin and aetherium.  Just to let you guys know ether on Blockchain Wallet is actually aetherium a few people was asking me what ether is but it's actually aetherium. You can tell here by the little logo and also eth which stands for aetherium.

 That's a theory on bitcoin that's all they have on this web wallet but you can send it very easily and also receive it very easily. The fees on blockchain are some of the lowest out there. If not the lowest they're very very fair fees. Which is always nice.

 You can also exchange from your Bitcoin to ether or from ether to Bitcoin very simple to do and then again there are very small fees for doing so.

They have great security with email verification, phrase backed way when you sign up you get about 20 or 30 different phrases random words. You have to write down and this will helpactivate your account again if you lost or you've misplaced your login information.

 They have the mobile linked and also they have two-factor authentication enabled which I have on my account which is excellent.

 Settings - they don't have much they also you could also get your Bitcoin cash if you haven't already. Which is nice you can get that as well and they have a mobile app pairing code which you need to do in order to pair your mobile app.

 So it's a very very nice website very clean, very simple not a lot to it. But then again it does the job that it says and it's also very secure. It's not great to be storing your crypto on exchanges like coinbase or big trucks or anything like that. These are huge targets for hackers dark hack into and just wipe clean account balances.  It has happened in the past people have lost their money storing their crypto on the exchanges. And it could well happen in the future.

So don't be one of those guys, who stores 10 grand on an exchange if you if that's not a lot of money to you, then sure why not. But for a lot of people 10.000 dollars is quite a lot of money.

Exodus Wallet

The next wallet which I would recommend is Exodus.  This is the one that I use mostly for my day-to-day activities transferring funds to IC OS or withdrawing them because it's very excellent wallet.

I'm recommending these wallets because they're what I use and then what I feel very secure storing my crypto inside.

Exodus is of yet again a very clean wallet but it's only available for desktop, for Windows, Mac and Linux there's no mobile app as of yet.  I'm not sure if they're going to be doing it in the future, that will be very nice. But for now it's only on desktop but doesn't matter because they do it very very well. You can see the design is extremely clean I'm gonna take you into my wallet in just a second.

They have their portfolio that you can have your portfolio on there with tens of different Kryptos. They have an exchange with very very low fees. They use “shape-shift”  the same exchange service as blockchain. You can see in the top right hand corner they use shape-shift, which is kind of like an online exchange.

Control Your Key

Exodus encrypts private keys and transaction data locally for your eyes only. Your data remains private no account setup required. Very simple set up your account, you just create a password and then you have your private keys. Which you have to write down or store them somewhere in case your computer crashes. And you have to access them from another wallet on another computer.

 You can also personalize your back-end which is very nice to download. It's very easy, you just click on download on the top right for Windows, Mac or Linux simple as that. Within 30 seconds you're gonna be up and running.

The exodus wallet is the one I use for my day to day kind of transfers of different currencies to different programs. If you want to send Bitcoin you just click send and then you type in your address let's say 1 2 3 4 and you can type in however much you want to send or you can simply put $100.

There very easy to use the fees are pretty cheap. I mean they're not the cheapest but they're cheap enough and yeah it's very easy. A good thing I like about it is exchange is already built-in. If I want to exchange Bitcoin for litecoin it will literally take about 30 seconds.

For an example, I exchanged 10 dollars of Bitcoin, I get 9,90 worth of LTC coin. So it's not that bad taking $0.10 for an exchange. It's really nice because if you see one currency absolutely tanking and going really far down. Or you see climbing going up is really quickly to move your money around to a different currency. And take advantage of those profits then you can then quickly change it back if you need to.

One thing I like is they have their backup which is very good. And they have on their settings you can change your assets. For example Bitcoin cash, Civic, Dash.You can have all these different ones and they just have a lot more options available than the blockchain wallet. Which is very nice.

Localization

On localization you can also set the currency the fiat currency to what you like Australian dollar, Hong Kong dollar, British Pound, Mexican peso, Pakistani rupee, South African Rand. There's lots of different options which is nice.

Customer Support

Exodus also have absolutely excellent customer support. I mean I had an issue previously and they replied within like 12 hours or something and they sorted out my issue. It was absolutely incredible and these guys don't really take any fees. They just take the small fee when you send your transfer which is really standard. But the service they offer in exchange the customer service they have is absolutely second to none is awesome.

My number one recommendation would be Exodus.  It's an absolutely incredible incredible wallet with so much diversity of different assets. You can have it's very easy to send and receive. I'm very very happy with Exodus.

This is a 2 wallets that I recommend. Do not keep your cryptocurrency on exchanges, I can't say that enough. Don't do it you're gonna get burnt.

Understanding Bitcoin Cryptocurrency for Beginners 2018

More ways to learn about this fascinating world so what is cryptocurrency. What is Bitcoin? Bitcoin is the largest most popular cryptocurrency out there on the market. It is also the transfer of value using digital currency.  The transfer of value is the key here. So you have to believe that this Bitcoin this US dollar, this Canadian dollar has value. It is also the very first decentralized cryptocurrency out there.

Lots of words we don't understand okay. Now decentralized meaning it takes the traditional model of central banking in the US. The Federal Reserve is responsible for printing money.

Now Bitcoin was created by Satoshi, Nakamoto. Which is a pseudo name for someone. Who we don't know who this person is which makes it even more elusive and weird and creepy in crypto.

But I don't even know who invented the dollar. I could google that and find out. But whatever, the point is this guy or girl created this system as a response to the financial crisis in 2007 and 2008.

But if I was the owner of the Federal Reserve, I personally would print money for myself my friends and my family. I'm just saying let's be real. So there are pros and cons with having our centralized an extreme example of Power, that's miss used is Zimbabwe. The reserve was printing lots and lots of dollar bills son and their currency lost its value. The medium of exchange was valueless. You couldn't use money to buy groceries. They printed a trillion dollar Banknote that had zero value. so currently Zimbabwe uses the USD.

I believe the use of South African Rand. They use everything but their own dollar. They don't have a currency because that's how the value just completely dropped. An extreme case of hyper hyper inflation.

And you can watch documentaries on Netflix, “Banking on Bitcoin” is a good one. Capitalism: A love story by Michael Moore is a good one. It doesn't talk about cryptocurrency but it does talk about the financial crisis.

Now supply and demand is a thing in economy. When you keep on printing money and there's no end, how can you store value in that exchange?

With cryptocurrency, there is a fixed supply. There is a market cap on how many coins can circulate in the market and that is 21 million. That's the most in theory that can ever be Generated in the system. Beyond it being a fixed market cap system that in theory creates value. There's only 21 million collect all 21 special edition coins.

It relies on Blockchain technology. Now blockchain technology is what has blown the minds of everyone in the space. With blockchain it is recording transactions and verifying and ensuring that that in fact happened. That you got this money from this person and this money went there.

 With blockchain it can't be duplicated, it can't be counterfeit. It can't be double spent. Everything is accounted for and verified and that takes a lot of time to process. So the act of verifying these transactions is time consuming with Bitcoin.

Read : 5 Easy Steps Crypto Trading Strategies for Beginners

So they are now considering Bitcoin, instead of a currency that they hope to use in the system day to day. It's now considered a commodity like gold.

Are you still with me?

Bitcoin is the popular cryptocurrency, but there are other cryptocurrencies out there. And they are referred to as alt coins. Alternative coins besides the Bitcoin. Now there is a Ethereum. There is Lite coin. There is ripple. There is OMG there is Monero there's Neo. There are a ton of coins out there.

Your job is to research the tech behind it, and you could read the white papers which is basically a document that the creator has listed what the purpose of the Technology is and does, but nobody really reads that. Well the beginners I doubt will, but you know what you should actually just read it just for some giggles.

Right now we're in the very early stages of cryptocurrency. It isn't widely adopted yet.

The idea is Cryptocurrency will be the new currency and we're gonna shift from what we use today USD, Canadian, Euro, Pound, Pesos. We're gonna shift from that system to the crypto system.

This system is referred to as fiat. Not the car. Fiat the money, and we're going to shift to the cryptocurrency system.

The only Place I've seen accept cryptocurrency actually there are a few there's a Lamborghini store that accepts Bitcoin. Monero is another currency out there. And on the news Mariah Carey, G eazy and a few other Musicians were saying that they would be accepting Monero. So I went to their site to try to purchase.

But I'm trying to wrap my head around ok, so if all these currencies are out there. Which one is gonna be the one that wins and that's the biggest question. We don't know. The system that we use today is very long for me to send money home to Toronto.

Not only does it take a couple days for the wire transfer to clear? Because there's banks between. There's the US Bank. There's the Canadian bank, and then there's the actual banks, so there's like four banks in the whole process.

The idea is cryptocurrency eliminates all of those banks, and I can send money to my family right away without the fees and without the delay.

That isn't the case right now because in order to convert your current currency, your fiat currency into cryptocurrency you need to use an exchange.

Now this exchange to me defeats the whole point of decentralized networks because now it is centralized. Coinbase which is a very popular app I use coinbase is an exchange place where I can convert my US funds into Lite coin Bitcoin, Ethereum, Bitcoin cash. They're gonna be adding more. But that process took me a week to convert my U.S. Funds to crypto funds.

Coinbase is the easiest place to exchange your fiat for crypto. However, there are other exchanges out there and also depending on the country. You might have another exchange that's more popular.

Most exchanges that have affordable cryptocurrency under $100. I'm talking a dollar, five, ten dollars, they only accept Bitcoin or Ethereum, not your typical cash/fiat currency.

So you have to do two steps: The first step you have to exchange your fiat currency at the exchange for Bitcoin or Ethereum. The second step you have to exchange that Bitcoin or Ethereum that you just acquired for the more affordable currency that you really want to get. But now you have to back up your information onto a cryptocurrency wallet.

Cryptocurrency Wallet

Now a wallet is Not like a traditional hard wallet, although they do sell hardware wallets that you can store your information on it. But it's software that stores your private keys.It sounds crazy, I know.

But you need your own personal wallet to store your information, because of this exchange goes bankrupt and closes you still have your Blockchain, your private keys, your information on this wallet.

So I've taken a small amount of money that I'm okay with losing. And I've already tripled that. It can become very addictive, so I do say put in what you're willing to lose and no more than 10%.

But it in investing in the whole game of cryptocurrency. It's blown my mind and opened my wealth of knowledge into a space I was never really paying too much attention to money. What is it besides getting paid by the hour or paying bills like how to build wealth.

 And I don't come from a family that has stocks invested to pay for my college or whatever the case is, buy me a new car, I have to buy my stuff with the money that I earn.

I'd like to hope that cryptocurrency right now. It's kind of like stocks. It's investing in something that may or may not materialize, the difference is stocks are regulated.

But I do this because you could still lose it. But it's way more secure because it's been around that much longer. With cryptocurrency this hasn't been around that long and even more unsettling is it is not regulated.  So it is going to a casino and playing your hand at the table. But it's fun and that's exciting and if I can learn and grow.

I'm just way more aware of money, and now when I'm in stores. And then when I'm talking to like my friends we talk in Satoshi's and in coins like that is like 0.0067 of a Bitcoin.

the way to do that is to Invest you can even put in $10 $50. You can put in $10 into a Bitcoin. I'm trying to invest in something to believe and like. I wanted to grow over the course of a few years, so ideally you know in five to ten years.  I can have my money that grew, I want my money to work for me. Okay, and I I don't want to I want to hustle, but I'm gonna hustle smarter. And I feel like cryptocurrency is an opportunity to do that.

5 Easy Steps Crypto Trading Strategies for Beginners In 2018

Hey what's up everyone..  so some of you may have bought your first coins recently. And yet now you're wondering what can I do with them. So today I want to share with you some crypto trading strategies. That I feel like are particularly friendly for beginners.

Before I begin I want to say my usual disclaimer that "this is not official investment advice". And to take everything I say with a grain of salt. Now that's out of the way. Let's get started.

This is just a quick agenda of what we'll cover :

·         

•        HODL
• ·         Cost averaging
• ·         Contrarian trading – Warren Buffett (Buy the dip, Lock in profits, Increase your position)
• ·         Re-balancing portfolio (Cut your losses)
• ·         Lock your coins away

HODL

The most straightforward strategy is just a huddle or to hold. That means to buy some coins and just pretty much don't touch them and forget about. Forget about them for a few years hopefully if everything goes right they will be worth a pretty penny.

Once you revisit them after waiting for a long time that way you don't have to worry about any crashes. You don't have to worry about them going to the moon just keep on holding.

 Cost Averaging

 Something else that I recommend for beginners is called cost averaging. So if you feel like a coin is particularly high right now but you still want to buy.  But you don't want it to like start dropping a lot immediately after you buy, this is a good strategy. Basically you buy at consistent intervals like every day, every week, every month  it doesn't matter. Just pick an interval and split your money across that.  And put in like maybe ten dollars or hundred dollars every once in a while.

That way it's more conservative because the lows are less low. And the highs are less high. You're averaging you know this it's called cost averaging. So rather than like putting all your money in up here and then dropping down a lot. Cost averaging protects you from like really big drops and really big losses.

Contrarian trading (Buy the dip)

I'm something else you might have heard of a lot it's called buy the dip. Basically what that means is that if something that's gone up pretty high and once it starts dropping you can start buying some.

One tip I have though is to be patient when it starts dropping, you could possibly buy a little bit. But don't get too excited and like put all your new money in and buy like immediately when it starts dipping. Why? Because I've done that a few times and then once it's dropped some more later on, you've kind of hoped that you save some money to buy it for an even better price right. And so be patient. Don't be too patient but basically just get a good feel for it and just like be ready for if it drops even more. And if it doesn't drop more then you can always save it for the next downturn, okay?

Contrarian trading (Lock in profits)

The next thing is locking in profits, okay. This is something that's really hard to do because it goes against human nature. And so basically when a coin starts going up up and up or going to the moon as they say.  We all give like really greedy we're like oh we're gonna get Lambos, we're gonn become millionaires. But instead the smart thing to do is to start locking in some profits every once in a while. Because as they go up really high they can also drop really fast. And if you held it all the way up and all the way down then what's the benefit of it.

I'm not saying like sell all of it at once but just like maybe a small percentage at every like designated interval of a rise.  According to your own strategy.

Contrarian trading (Increase your position)

 Another similar strategy is called increasing your position. Basically that's like when it goes up you sell a bit and then when it drops back down you rebuy in. Now this is also definitely a nerve-racking strategy, because you don't know if it'gonna hit a point where you're willing to rebuy. It may never hit there and just go it go back up open up again.

How to work with that is to first not sell everything and just do like part of your stack. And then also just have in mind that if it doesn't go back down to a price you're willing to rebuy, just use the profits to like buy another coin you've been keeping your eye on. So that way it's a win-win right.

Re-balancing portfolio (Cut your losses)

Okay now this is the opposite as a side of the spectrum. But also really hard to do because it's against human nature and so everyone's heard of the the phrase like “you're not at a loss until you sell”.

The problem is that if like fundamentals change or if like the market sours on a particular coin. You might have like big losses and not want to sell it. But it might be smarter to sell it and redirect those funds to another coin. That will help you recoup your losses faster right so this is definitely like more of an art than a science. But just something you want to consider and like fight the biases to like really be really stubborn and hold it until like the end of time. Okay

Something else kind of flipping gears in terms of reap in terms of balancing your portfolio this is something that's a little bit more hard to manage. Because it takes more time but definitely a good thing to do. And so you can split your portfolio in multiple ways. Like you can have part of it for long term holding. The other part for day trading you can have part of it designated for like blue chip coins. The other part for really risky icos right. But the whole point is to like have a distribution and to re-balance of skewed. 

Let's say like part of it starts out at like 13.9% but it grows really fast like 30%, you might want to sell part of your biggest portofolio and then spread it out amongst like other coins.

To follow the strategy that you set forth in the first place so in that case. You'd be re-balancing getting the proportions more even to what they were before. And so this is similar to like mutual funds right if you're a regular investor. They split things between like stocks and bonds, like 70/30 or 50/50. Depending on like how risky you want to be and what your goals are.

Lock your coins away

Okay,  finally locking away your coins is a good strategy if you have part of your strategy that calls for not touching a share of your coins for a long time.

 In that case you might want to put them in a paper wallet or some other place that's like harder to access real quick. Because I know a lot of people will get bored and they're like oh I want to trade daily or like oh I wanna FOMO. FOMO buy or panic sell and they go against their predefined strategy. And then end up regretting it later.

 If you're the kind of person that might do that and put your hand in the cookie proverbial cookie jar then you might want to lock away your coins, okay.  So that's it.

 I hope you enjoyed this article and if you have any questions please feel free to leave me a comment below.