![conceit.JPG](https://steemitimages.com/DQmS32RModhQE2Q6GEEL6wuSSS8YtotEVLXHkDRmbaYr3HN/conceit.JPG)

# Did your ankles get broken by cryptos?
---
###### _If you Agree or Disagree with what I'm writing about leave me a comment below._
Disclosure: I am long BTC, XRP. Looking to add XEM.

Prices went up and then back down again. Why???
Know what?
IT DOESN'T MATTER.

![Image of Confused Nick Young](http://i1.kym-cdn.com/entries/icons/original/000/018/489/nick-young-confused-face-300x256_nqlyaa.png)

What matters is to know what your strategy is.
If you're worried about getting burned → don't play with fire. 
Jumping in and out of markets— without a plan— is how you get burned. 
<br/>
**no plan =** 🔥🔥🔥

### Have a strategy and stick with it.
<br/>
It's pretty simple, really.
You gotta' decide what kind of investor you want to be:

> ![ducktales_scrooge_mcduck_buys_his_way_into_db__by_doctormoodb-day8d0t.png](https://steemitimages.com/DQmSHH8DweudSiZyPopXtuHZaA4DL2UMCjwZnnirzkd3C3g/ducktales_scrooge_mcduck_buys_his_way_into_db__by_doctormoodb-day8d0t.png)
> **BUY-AND-HOLD**
> Buy cryptos and hold on until you can't anymore.
> *This strategy is good if you don't wanna' worry about the day-to-day prices.*

>![article-2107285-0F0F4D4200000578-38_468x455.jpg](https://steemitimages.com/DQmW67c91mNSefUGoiHCijo7hpG7Mjb8NtoMmjAuypgM1TW/article-2107285-0F0F4D4200000578-38_468x455.jpg)
> **SHORT-TERM-GAINS**
> Learn how to read markets and act quickly.
> *This strategy is good if you want to take control and use the day-to-day prices.*

The worst strategy is just reacting.

Losing your cryptos to trading fees or trying to second guess prices without a plan is a loser's game.

#### **Our first rule is "Don't be a loser."**

> Winners put ZEROS **...after #1** (yourself)
> 1,000,000←
>
> Losers put ZEROS **...before #1** (yourself)
> →0.000001

https://s-media-cache-ak0.pinimg.com/736x/5d/00/ba/5d00ba16b1014accad3980dc51bfbb8b--meme-pics-funny-pics.jpg
#### Don't just react...
#### Have a game plan and STICK TO IT.
---
<br/>
Now let's do a quick check to find out what style of investor you are...

Let's look at [this simple chart of 5 cryptos](https://coinmarketcap.com/currencies/)
(Top 5 based on Market Cap by Circulating Supply)

![Top5_down.png](https://steemitimages.com/DQmbBYtBsxEhsYWZntvG3ysewbsL99yfBX7pJFwjMGZ31TP/Top5_down.png)

Hmmm... 
Down, down, down, down and yep! down, again.
[I called this result yesterday](https://steemit.com/bitcoin/@ranger74/the-nagus-report-07-18-2017), but some people got hurt by not doing their homework.  

Sooooooo...
Based on this small list of crypto coins, **WHAT WOULD YOU DO** if you were a day one noob?

BUY or STAY OUT?

#1   |   **Bitcoin** Down 3.37%
#2   |   **Ethereum** Down 10.67%
#3   |   **Ripple** Down 7.70%
#4   |  **Litecoin** Down 6.83%
#5   |   **Ethereum Classic** Down 3.97%

If you picked BUY for any of these, you might be a BUY-AND-HOLD investor.
If you picked STAY OUT, you might be a SHORT-TERM-GAINS investor.

Of course, you can be a mix of both, but the important thing is to know what feels right for you.

### Know your style, develop your style and stick with it.
<br/>
Thanks for reading,
_-The Nagus_

**All data from** https://coinmarketcap.com/
**I don’t own any of these images.** 
**This isn’t advice. Just what I’m doing or considering.**
**Go sue someone else.**