[Crypto] Don't Miss Out... on the FOMO

Not heard of FOMO yet? It’s short for Fear of Missing Out, on the biggest, disrupting thing spreading across the globe. Buying into, holding/'hodling' or staking your own digital money or crypto. And once you start, even if you lose money, it’s hard to look back.

I now buy it, earn it, spend a little and occasionally trade it or 'manage' it. More and more people are on the timeline it takes to move through all these things. Maybe this article will help you to start. There are enough articles out there already that’s for sure, but until you start owning and using it, taking the time out to do this - well, it’s just a lot of hot air. It seems journalists also like to see bitcoin as some kind of disease just because... well, they were too busy reporting when it was time to buy in. They missed out.

And that FOMO can be a great motivator, if you can also keep it under control. Keep looking at the big picture; the longer term one. Zoom out on the currency charts. At the moment, Bitcoin is the ‘gateway drug’ into a plethora of different currency-based projects. The better known ones are for a reason: they’re usually better; safer; more groundbreaking or ready to roll. However, there are some diamonds with big ambitions that will find their time to shine. You might have to wait awhile, or you could ride the ones fresh out of the gate. But they falter, and most people just don't have that sort of money to burn.

You may have read all sorts of things negative and positive. Then there are people saying things extremely negative or extremely positive, just to stand out. “Bitcoin will reach this astronomical amount in x years”. I’m sure it does motivate a lot of people. But the truth? Always somewhere in the middle. How can they possibly try and predict the precise future of this space? New tech cannot go unchecked. Governments will surely need to track those who use it for negative purposes, so some kind of regulation or tech implementation for that will need to happen. And then it will gain surer footing.

Meanwhile you find there are platforms already out there that are incorporating crypto and putting it to decent, imaginative use, like Steemit. They make crypto make more sense, and more of such vehicles will quietly emerge.

So... load up if you can, get ready; adapt. Websites and coins that give people direct rewards, finally, for their time creating content; their time spent online. It's still not going to be fair. Sensationalism versus content has always been at loggerheads. There will be stories of carelessness and abuse, but overall it will empower. Bad guys will get shunned or isolated from growing island upon which the rest of us are working together; evolving together; playing by the rules. Then we will jump between the islands.

What’s great about Steem? Despite any of its growing pains, you can join a real community here, with an easy way to tip on anything that YOU think has value. Or support people you think bring value and who speak to you and your interests. You don't have to comment just for the sake of it. Only vote. In time, we should see Steemit grow and become more things we can't yet maybe imagine. Look at the range of apps already. Steemgigs, Steemshelves, dBooks, dSound etc etc...

Crypto FOMO is about forming - out of all the buzz and the FUD - your own opinion of the blockchain tech and its current state, and its successors. It's about following and discussing projects you believe in and want to stand by, or even, stand up for. Be counted. Self-believe. Investing.

However, it should also be about forming a strategy in the midst of rapid change, so you'll feel at ease with moving your (informed) chips around the board. You will need to keep your eyes on the board. Risk? There is always risk with new things. But that’s the thrill.

But again, the point is, that it's about growing up with it. It's about making decisions and seeing them through, especially when they turn downwards. Ideally, you should have planned for things to turn downwards, but it will always make you consider. Where is the market? Do you jump ship? Or do you still see strength in the project? Scary stuff. Active trading is very close to gambling. Like life. But you don't need to trade actively. You can 'dollar cost average' on a volatile project. You can 'manage' your own portfolio, where experience and time are the best of teachers, where all your decisions can be informed and not rushed.

But don't imagine you can 'get in and get out'. You'll get hooked. Besides, that's kind of lame, and kind of missing the whole point of crypto. Bitcoin and its growing crowd of web-bound buddies are digital money. They're shaking up the town and they're making things easier. People like to be enabled. And these boys will be moving out of the nest and into the real world anytime soon.

So... don't sell out, and not too early. Stay on targets. Invest, and you'll be a real investor.

Are you looking forward to using your coins in the machines that are being created for their actual use? Just some thoughts. Give me a crypto-penny for yours!

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I post randomly about Art & Writing, Games, VR, Nature and Crypto, usually with coffee.
I manage a small crypto portfolio that I'm mostly consolidating into Steem. Follow along for the ride.

Finally, I'm happy to recommend this useful article:
Managing your Steemit Wallet correctly by @spiritualmax