Importance of a trading plan in crypto

The cryptocurrency market is often called the “Wild West”, mostly due to its seemingly lawless nature (although regulation has quickened pace more recently). At the same time, this new space which brilliantly merges applied digital cryptography with economics may resemble the gun-slinging days of Billy the Kid in the area of trading and investing as well.
Since crypto is such a young and developing market, with its 1000 percent gains and the like, it can exude an aura of &l