Fear Of Missing Out: A Perspective.
"BUY DGB ITS GONNA BLOW UP"
I've been spouting this for at least three weeks now. I wanted to cry this morning.
I've been running around like a chicken with my head cut off screaming to people that DGB will be a very big coin and very popular soon. This morning I woke up to see it at 3.5x what I sold mine at earlier this week. Fuuuuuuu. I thought I felt FOMO when I didn't sell Ripple at 44c.
This was almost devastating to me, how could I not have a SINGLE COIN of something I've been promoting for weeks, that exploded? Is this a punishment for something I've done? I'm not a very superstitious person, but even my mind can't help but contemplate some type of higher intervention, like this is a lesson for an argument I had with my girlfriend this week or something.
She has this myth, that whenever something goes bad or wrong, that there's little Gremlins dancing around her taunting her and making things fall down. That's almost what it felt like...until I stopped to think a little bit more.
I only started trading crypto about a month ago, and I'm up over 115 percent and have taken profits along the way. Can I really complain about missing out on making that 200 percent?
I'm doing quite well for myself all things considered, I've never been one to play with speculative projects, I was more of a gambler years ago and addicted to doubling up in seconds. These days I'm much more content to hold and invest, and that makes me happy.
I feel like I'm on a good path to make something out of my investing, and I need to keep a clear head and perspective. Just as easily as DGB shot up today, ETC could hit the toilet and I lose half my portfolio. I don't foresee that happening of course, but it's always a possibility.
If you're in the green, be happy, especially if you're up so much in the long run. I cracked and got back into DGB while I was typing this post up, so I hope it doesn't burn me, but I have faith that the project is worth much more than .06c a coin.
All I'm getting at is...count your blessings. They come and go, and I think I'm learning quickly how to survive and thrive in the crypto universe. I might need to learn to hold a bit longer when I pick stuff up, but I'm continually making smart decisions for profit. Do that, and in 4-5 years, you'll be very happy I think, like I'm predicting I will be.
Your local crypto slut - <3
We all hit or miss here and there. What really matters is if you are making gains most of the time for an overall positive return as opposed to losing with a negative return. Just stick at it and keep learning. Slow and steady may be better. Properly timing the market is nearly impossible, although we may get some times right. Wish you well in your new found crypto success.
this is why when people mindlessly yell HODL you gotta take it really seriously, they would never use the caps if it were bad advice
nice post @tgjamieerin
Thank you very much, my long term realistic goal with trading and investing is to be able to buy a car and a home in five years, if I can retire instead, I'll be ecstatic.
whats DGB stand for?
DigiByte
This I think fits into your discussion on the crypto markets and investing.
I have been sharing this info on something not widely known/talked about, crytpo related stocks. For me , just another opportunity to capitalize on this new and exciting paradigm. They are currently trading for pennies.
The stocks I think, give that still large segment of people who are not ready to learn about crytpos and exchanges, but have been on the sidelines hearing about all the excitement and gains, the opportunity to get on board this earth shaking crypto move, but within their own comfort zone by simply buying a stock that is related to bitcoin.
Most of these people already have a stock account they know how to use and in this way can participate easily. There are very few crypto stocks so these are already starting to skyrocket just in the last couple of days but may present an very unique opportunity. As a warning, there is not really a ton of info about them so use risk capital only!
I have put some money into them in just the last 1-2 days, already up significantly which means they may skyrocket further, or pull back hard, I do not think anybody can predict. Dollar cost averaging is probably the best way to enter at this point as they are just moving so fast now and price points could be anywhere next week. Anyways, I thought I would share, fwiw.
Here is a link with some of the info on 2 of the stocks crypto stocks that I just put together for myself and others as a starting point for due diligence.
https://steemit.com/bitcoin/@motowngold/global-arena-holding-inc-gahc-another-rare-bitcoin-and-blockchain-stock
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