Reminder: Running bots is risky, keep spare funds aside always
Added 2021-02-03 20:46:24 +0000 UTCRunning bots is risky, I repeat it every half an hour every time I have the opportunity and will continue doing so: in calls, articles, updates, chats, everywhere I can!
If the market did something extreme and fully unexpected, reacting to anything like...."Biden says we are going to ban BTC" or "Elon Musk says he hates BTC"....you should expect to hold a red bag for a week, a month or even more!!!
When I say I understand that risk I mean it.
But if that never happen, I'm also happy to take a BIG reward. Actually I'm almost certain that it WILL happen, 100%. It happens over and over. I don't neglect it, I'm prepared for it.
We are in a bull market, that doesn't guarantee we wont see red numbers if something really bad hits the crypto world.
My conviction is that if something really bad happened like BTC drops 70% then I wouldn't sell. I believe in BTC.
I would patiently let it be for a while and deploy possibly further funds to take advantage in the long term. That's exactly why I encourage you to leave funds aside, if someone doesn't pay attention to this it will be painful.
Not because you are doing well for 2 months in a row with bots you are safe. In the last two months BTC has been doing OUTSTANDING. We barely had a humble -25% drop.
We will experience dips way larger than that. When? no one can tell with 100% accuracy.
