It’s a wild ride
If you have invested in cryptocurrency or decided to, you have decided to ride a wild roller coaster. Welcome abroad! Small or big, you are a part of this revolutionary change that you can share about with your grandchildren in future.
There are going to be unexpected ups and downs. It’s easy to look into the past and tell what should you have done or not. But noone can predict the exact future. Honestly, whoever claims they are expert and they know, they don’t know. Whatever technical analysis it is, it’s just a mere guess in the crypto world. The only prediction that’s 100% true is it’s either going up or down, the next moment or the next day. What matters is your entry point and exit point. What’s your budget and how long do you plan to hold it? Make sure you can afford to forget that much of your money for that long period you plan to hold. Don’t worry about the ups and downs in the middle, it does not matter how high or how low they are unless you enter/exit, just enjoy your ride. But being a human it’s not easy to not driven by emotions and current situations.
Do you have that courage?
Let’s say if you had $1,000 to invest on 1st Jan 2017 and if you had bought Neo ( previously know as Antshares) at 14.4 cents per coin and sold it towards the end of Jan 2018 at around $160 per coin, your $1,000 would have been about $1,103,448.
Now let’s check the reality. It’s 1st Jan 2017 and I have $1,000 to invest into cryptocurrencies. Which coins should I buy? Let’s check coinmarketcap.com. I have heard that this antshares project is very good. Hmm it's ranked at 31 now, not bad. But is it worth buying it at 14.2 cents? Or should I just buy bitcoins? Or should I diversify? I know it’s very high risk, but I am just going to put my $1,000 on Antshares and forget about it.
It’s been more than a month since I bought it. And I am checking coinmarketcap.com many times a day. Bit sad, it seems like it’s downtrending, should I have sold it when it was at 15.5 cents? No, common let’s wait more who knows, they say it might moon to $1 or even $2 by 2018.
Damn, can’t believe that it’s been more than 3 months and seems like the downtrend has not even finished. My friends were right, never put all eggs in one basket. Even if it’s just $1,000 I was stupid. Lesson learnt. As soon as it starts uptrending and I make some money I am going to sell this shit.
Wait, what? Am I dreaming? It reached $1.70 on 25th May and it’s almost down by 50% in just less than 5 days? It’s clear that it’s never going to reach that point again or it might take several years. I regret that I did not put sell order limit. But I was too greedy. I could have made my $1k to $11-12k. At least I should have sold 50%. If I tell this to my friends they might think I am crazy not to sell even now but you know what, I am going to ride more. If this much happened in 5 months, there must be much more to come.
Haha guess what? Neo crossed $150. Just in 1 year I turned into a millionaire. I am going to wait until it crosses $1,000 now. Hell yeah!