Nothing but good news for cryptos, if you look long term!
I can't think of a truer statement than this. "Nothing but good news for cryptos, if you look long term!" This will keep you sane and excited. Two points to always remember.
One is cryptocurrency / blockchain technology is the future. That blockchain technology will effect all industries and digital assets are the next evolution in money for society. Remember we've gone from gold standard, to cash, to checks, to credit cards, and now to digital assets. Society will transition and mass adoption will happen.
Two is, when the market tanks, treat this as an opportunity to buy and increase your positions in your coins of choice. Collect them when they are at bargain prices. Increase your stake and hold, hold, and hold. This is your time to plant your seeds. Harvest will come shortly and when it comes, it will be in abundance. Prepare, prepare, and prepare. This must be the game you play.
This is how I deal with the volatility of the markets and how I go to sleep restfully and at peace at night. It's a strategy that is working for me. Hope it will help you also.
Just be patient and know how lucky you are being involved in crypto at so early a stage. Stay strong and follow your crypto journey. It will pay off and you will be so happy you stuck with it.
Disclaimer : Never invest funds more than what you can afford to lose. This post is my own personal opinion/speculations/ insights . Please do your own research before making any investment decisions. I am not a financial adviser, nor am I giving any financial advice. If you make any trades after reading this post, you accept accountability and responsibility for any lose that you may incur. By reading this post you acknowledge and accept that.
just like the clips from the mid 90s news anchors covering "the strange new phenomenon called internet" - some tech guy trying to explain how it works, while everyone thinks hes wasting his time with something that is too technical and impractical for the masses to adopt
Good points. Thnx for response.
Loved your metaphor of the harvest. That is how I look at these times we are experiencing as well. As long as you have done your research on a cryptocurrency and are convinced it will have a strong future, then buying after big drops in the price should not be scary! I also agree we are very lucky to be involved in a brand new financial market as well, because of all the knowledge new investors can gain from seeing a market go from its humble beginnings to a full, mature market (no where near mature yet in my opinion).
I followed your blog and hope you continue to write these interesting posts for me and others to read.
Thnx. Great response.
crypto is the future buddy, and thanks for your contribution, i wanna see more post like this, this make inspire and i like your way of expressing so i follow you for more, keep sharing and keep in touch and also check out my blog.
This is exactly what I'm doing! It helps a lot not checking the markets daily if your purely long term but I just bought a whole load of litecoin and bitcoin and I'm going to hold hold hold.
Great job. Keep doing what you are doing.
nice informative post .
Awesome post dear ..Carry. .on
i really like your way of expressing your opinion regarding crypto keep it uppp
The problem that I have is that "Never invest funds more than what you can afford to lose. " line. I'm young and I have little to no expenses. I have a lot of money saved in my bank account from youtube but I know that I will need that money in the future some day for example when I buy myself a car in few months.
I also have money on my other bank account but I just feel like what IF I lose it all. Then a week later I look at prices and notice that I could've tripled my money if I didn't procrastinate. This cycle has been going on for 6 months....
But I think I'm finally "mentally ready" to really invest into crypto
Good Luck .
Wow,,, crytocurrency is truly gaining grounds. Thanks for sharinng.