FOOD FOR THOUGHT
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EVERY ONCE IN A WHILE - Mental Preparation
Now that everything is on the up again to levels which the market has last seen in mid-June 2017 I
may would like to throw in some congnitive scenario planning to feel a little more sure about your
investments in times it doesn ́t look like all celebratory. Especially when you are in it for the long
run because there are going to be downtimes over and over again.
For me personally it helps writing about what is on my mind but what is also cryptosphere ́s
common sense too. That once an entire market takes off parabolically at some point there is no
other way but down - usually leading to mass panic selling and therefore further crashing the market.
Remembering statements of leading crypto commentators where they said BITCOIN is going to
5000-6000 $ this year to shortly after go back to the 2000 $ range are still echoing in my head.
And surely the market will see those major kinds of backdrops.
How often did BITCOIN loose almost up to 90% of its value before? I think the number is
somewhere around 10 times.
Following Bitcoins price history and applying it to todays worth if BITCOIN (app. 4500$) we could
see it go all the way down to 450 $ again which the market last saw around the spring/summer of
last year (May 2016). So really not a long time ago at all.
Concerning this kind of horror scenario there are upsides to it.
FIRST:
WHEN YOU`LL EVER HAVE THE CHANC TO PICK UP SOME BITCOINS THAT
DIRT CHEAP?
SECOND:
NOW THAT YOU KNOW HOW HIGH IT CAN GO ONE CAN BE QUITE OPTIMISTIC
ABOUT THE POSSIBLE 10 times GAINS/PROFITS THAT YOU CAN ACHIEVE LATER ON
(WHEN GETTING BTC AT SUCH A DISCOUNT).
THIRD:
PEOPLE THAT WERE HESITANT TO GET IN THE FIRST TIME WOULD IN THAT CASE
GET ANOTHER CHANCE TO BE PART OF THE CRYPTOSPHERE
USEFUL LINK TO A GOOD PREPARATIONAL VIDEO:
CHRIS DUNN-EARLY CRYPTO INVESTOR
https://www.youtube.com/watch?v=-SEIxadvMrI
As of always thank you for reading, commenting and resteeming my content and stay CRYPTUNED!! As a cryptoenthusiast I wouldn´t mind you donating whatever amount the informations seem worth to you. Here are my addresses :
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