a Philosophy for Cryptocurrencies

When investing in crypto, there are many different philosophies:

1: Daily-trader: tries to invest for the quick gains, and increasing daily invests at the same. (risky)

-Potential for huge returns if efficient, compound profits can make you rich in a few days.
-Very risky and psychological distressing
-Do not underestimate your own human emotions
-Do not underestimate crypto gains ! 50% might seem a lot, but it is NOTHING for crypto

2: HOLD: This one is attached, or is looking for long-term gains. Sometimes attached to a coin or two. (safest so far)

-Very successful in the last year, probably the easiest way to win in crypto without psychological distress

3: Hype: That one who is very bullish about the future of crypto. "It will be the future". (risky, but most profitable so far)

• This would be overconfidence players
  -Flawed thinking, usually followed by huge bets, and risky financial future.
• Impatience to buy - prices often fluctuate and you miss good opportunities
• Would have worked for last year
  -Believing in ICO's

4: Doomsday: "It dropped 50% !! It is a bubble, the end of crypto"

-This is the worst philosophy for crypto, because frustration prevents you from huge-gains to come, and you loose good opportunites

Although there are others philosophies, here is some I consider common to investigate,

What do you guys think?

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