The first thought of those who begin to know Bitcoin and the cryptocurrency world is: earn a lot and quickly. It is the same thought that I had and probably almost everyone who has been in the crypto world for a long time now. In reality, as we have been able to see from experience, the life of the crypto supporter is really very difficult and often exhausts you, especially when you think you have made the right choice and then you are forced to observe the red of the market that surrounds you.
Living in this world requires self control, if you are emotional it is very likely that you will lose everything and get out of this sector very quickly. It would be a big disappointment because the test failed and a big opportunity is lost. If, on the other hand, you have digested the blow immediately and reacted by continuing your experience in this sector but with different intentions, then you are ready to suffer 😁
The reason for these roller coasters in the crypto market, sometimes with dizzying slopes, is manipulation: although blockchain and the projects on which they are built are the next technology of the century, there is currently a lot of theory and little use in real life. The adoption phase takes years and in the meantime the large holders or whales can continue to accumulate in a strategically incorrect way: to create panic. Panic gives rise to emotions of fear, difficult to manage for many users who do not want to risk their capital and therefore sell at a lower price, following the market trend.
This strategy can be overcome with confidence in the project in which we have invested and the long-term vision: we set ourselves a goal and cling to this goal in difficult moments like the present one, where losses can momentarily register even a percentage. with double digits. But this is not the time to despair, the market is like that. After a few jolts you get used to it and you know you don't have to get emotional. Sooner or later everyone will come back. Then if we look at the market where it was last year and where it is now, then you can see with your own eyes how profitable it has been.
Just like in a roller coaster, the path is not linear. It would be boring and no one is interested in a viable product. For this reason, cryptocurrencies are also increasingly sought after. As always, if you have made your investment, shut down your PC or turn off your smartphone. Turn it back on at Christmas to see if anything has changed, otherwise just let a year or two go by. If you have been good, you may have made one of the most interesting choices of your life.
Information makes man free
Posted Using LeoFinance Beta
Thanks for sharing. This is helpful.
Yes i agree with you on this.
Set and forget. Or better invest what we are willing to lose, so not to give too much preasure on ourself. 😅
Insightful.