Bitcoin like startup
Investing in Bitcoin is like investing in a startup.
Once you buy into the idea of Cryptocurrencies (i.e "validate"), you need to ride the wave.
As an early adopter in the Crypto world, you will go through the crests and troughs of this volatile journey.
Questioning why you got onto this journey every time there is a dip would only stress you out.
Here are three important things you should know:
Monitoring your Bitcoin investment everyday is a recipe for heart attack. You are investing in this asset for the long-term.
You don't 'make' a loss, unless you 'book' a loss. So when Bitcoin falls by 40%, you are not making a loss of 40%.
Even the most promising startups go bust. Bitcoin too can. No one, including Musk knows this.
Lesson: if you are looking for quick gains, you must be able to take quick losses as well :)
