Hey Luke,

Crypto Investing: Think Long-Term

A well thought out piece of advice. IF it's taken at the right time.

What I mean by that, is that you have to have had that mindset going into when you bought. If it was part of your plan to hold through a decline like this because it fit in with your risk management profile, then it's very much great advice.

But if you bought as a short term trade and now are just holding because 'it might come back', then your'e very very wrong. Your risk management will have been totally destroyed and you've opened yourself up to a whole list of flow on problems within your portfolio.

I wrote about why you can't flip a trade into an investment here. Worth a read for you and anyone else interested in the mindset of traders v investors.