RE: The Stages of Investing in Cryptocurrency
My personal thing about investment is that a lot people think it is about making money quickly . Which is possible but rare. My biggest returns have been through patience (in stocks at least) as well as due diligence (the opposite of ignorance)
The logic approach that you mentioned is the way to go - trust me, I've had a couple of years of experience with this - even though it was with stocks.
You are your worst enemy and best asset when it comes to investing.
I have no idea for good analysts, but if you haven't started already I would recommend budgeting out money as much as possible. I feel Crypto is so fresh that we all don't know what we are doing - and that's okay as long as you are self aware.
And one word of warning with Crypto Investor - previous performance does not indicate future performance, but try to look at the values and ideas the investors bring to the table.
Thanks so much for this thought-out post. It's definitely a lot to chew on. For me, my thinking is 'when you got nothing, you got nothing to lose', and the money I am putting into this is from Steemit. I figure since SBD is meant to be pegged to the USD, it's not entirely stupid to fork a significant amount into various crypto, but, like you said, I want to take a logical approach and maybe cut my portfolio way down into the cryptocurrencies I know someone has done a significant amount of research on. Also, thanks for the adage on previous performance. I'll take that with me. :)
No problem. It's good to invest money as if it doesn't "exist" otherwise you will be thinking of it too much. If you expect a 0% return it will be better then banking on it - if that makes sense.
Yeah, that's what I have been doing, not expecting a 0% return, but just divorcing this money from reality! It is helpful, psychologically!