Nickson Virginia (0xnickson)

Nickson Virginia

Remember something

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Everyone knows the saying, "Buying is for apprentices, selling is for masters." I'll add another one: "Entering the game is for apprentices, exiting and resting is for masters." There are only a couple of big money-making opportunities each year, and most of the rest is dead time and traps. You won't learn when to go all-in or when to cash out until you've gone through a few cycles.

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recast:farcaster://casts/0x19e848b37356aa8e1deb6d28dff43abbe2111d7db7f750d4f80618ce08028a3e

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If you're finding it hard to cut your losses on your altcoins, it might help to review the "break-even formula." In the crypto world, the "break-even formula" is: • A 10% drop requires an 11.1% rise to break even. • A 20% drop requires a 25% rise to break even. • A 30% drop requires a 42.8% rise to break even. • A 40% drop requires a 66.7% rise to break even. • A 50% drop requires a 100% rise to break even.

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