Dear investor,
The cryptocurrency market is an emerging economy with a vast growing potential.
At the time of this writing, the total market cap of all cryptocurrencies is around 100 billion US dollars. This is almost the equivalent to what Warren Buffet's company (Berkshire Hathaway) is sitting on CASH. Yes, you heard it right, that's only one company. And yes, it's one of the largest investment companies in the world, but it's still only one company.
This is an introduction to give you a mere perspective of the numbers we're talking about.
Tip 1:
-Cold blood. Remain disciplined by not jumping in and out of the companies you're investing in. This is an infant economy, therefore, incredibly volatile. Be prepared for a 40 % DOWN in a 24 hours range, it doesn't matter. In the long run, you will always win.
Tip 2:
-Scuttlebutt. The modern era scuttlebutt is researching on youtube, get SEVERAL opinions from youtubers who made themselves some research. Take a look at forums, blogs, etc. And invest. Just do it.
Tip 3:
- Remain in the game.
The best timing to sell is never, the second best timing to sell is in a 5 to 10 year period.
Your thoughts shape reality. And right now I am thinking that the crypto space will shape a better world.
Aesthethic Investor.