We are still in early days.
You’re better off holding shitcoins instead of selling them for a major loss. There’s always a chance some could return to retrieve costs, or breakeven at the very least.
Things will change over the years that many of us will also not easily predict or expect. If we knew precisely what would happen next, there wouldn’t be victims of FTX etc.
You can’t predict everything, that shouldn’t be your focus.
You can do research and still lose. You’re not in the wrong if you’re a victim of these things.
This phase is all about taking risks.
Sensibly, of course.
Invest into higher-risk plays with less capital. The upside potential, if successful, is larger so you don’t need to go overboard.
What you hold may not even be a shitcoin. Just because a coins price isn’t moving, it doesn’t mean the project/company isn’t making progression.
Things in Crypto move in symmetry. Occasionally, correlations are broken on some coins.
These things take time.
None of us know with 100% certainty exactly what the future holds. This is what makes these risks so exciting.
The potential to be correct has unbelievably huge rewards.
The potential to be wrong has unbelievably huge losses, only if you allow it to get to that point.
Control your risk. Deploy capital into higher risk plays with less money than ‘main’ investments.
Treat them as background investments, with no emotion or care for what happens next.
Find a sum that works for you.
If you find yourself constantly watching a coin that seems ‘dead’ or moving slowly, you have invested too much.
The number that avoids this plague is the correct number.
If you sell a dead coin entirely, you have stopped all potential entirely.
You’re better off holding, as the amount you sell will likely be worthless in comparison to what you invested.
I know we’ve all made those mistakes of selling before a big move before.
Invest within your means and your journey through crypto will be pleasant. It will also stop you falling victim to riddlers and believing your investments and future are actually in the hands of mysterious people on Twitter.
Think about that for a second. There’s cults of people who have invested enough money to live a life in fear of being incorrect, forcing them to follow any measurement of reassurance in their investment.
We do not want to be these people.
Trust the process.
Not everything will work, this is normal, nobody will have a perfect success rate in new territory like this, or ever for that matter.
The risks are worth the reward, do it sensibly.
We do not know what the future holds, but we do know the potential of how it can play out.
That makes the risks worthwhile to me, I just don’t bet my life on it
You’re better off holding shitcoins instead of selling them for a major loss. There’s always a chance some could return to retrieve costs, or breakeven at the very least.
Things will change over the years that many of us will also not easily predict or expect. If we knew precisely what would happen next, there wouldn’t be victims of FTX etc.
You can’t predict everything, that shouldn’t be your focus.
You can do research and still lose. You’re not in the wrong if you’re a victim of these things.
This phase is all about taking risks.
Sensibly, of course.
Invest into higher-risk plays with less capital. The upside potential, if successful, is larger so you don’t need to go overboard.
What you hold may not even be a shitcoin. Just because a coins price isn’t moving, it doesn’t mean the project/company isn’t making progression.
Things in Crypto move in symmetry. Occasionally, correlations are broken on some coins.
These things take time.
None of us know with 100% certainty exactly what the future holds. This is what makes these risks so exciting.
The potential to be correct has unbelievably huge rewards.
The potential to be wrong has unbelievably huge losses, only if you allow it to get to that point.
Control your risk. Deploy capital into higher risk plays with less money than ‘main’ investments.
Treat them as background investments, with no emotion or care for what happens next.
Find a sum that works for you.
If you find yourself constantly watching a coin that seems ‘dead’ or moving slowly, you have invested too much.
The number that avoids this plague is the correct number.
If you sell a dead coin entirely, you have stopped all potential entirely.
You’re better off holding, as the amount you sell will likely be worthless in comparison to what you invested.
I know we’ve all made those mistakes of selling before a big move before.
Invest within your means and your journey through crypto will be pleasant. It will also stop you falling victim to riddlers and believing your investments and future are actually in the hands of mysterious people on Twitter.
Think about that for a second. There’s cults of people who have invested enough money to live a life in fear of being incorrect, forcing them to follow any measurement of reassurance in their investment.
We do not want to be these people.
Trust the process.
Not everything will work, this is normal, nobody will have a perfect success rate in new territory like this, or ever for that matter.
The risks are worth the reward, do it sensibly.
We do not know what the future holds, but we do know the potential of how it can play out.
That makes the risks worthwhile to me, I just don’t bet my life on it