Crypto investing = stress
I know that cryptocurrency investing is often compared to gambling by normies defined as those outside the cryptocurrency faithful or crypto knowledgable. But a bear market or even a short term downturn in the crypto market causes many who are invested in crypto to pause and wonder. Maybe they should pull all their money out and wait on the sidelines for a cheaper buying opportunity. We all know that Investing is an emotional roller coaster at times for all investors, not just crypto investors. But crypto investors seem to get more than their share of volatility and subsequent emotional ups and downs. So they must develop a lot of intestinal fortitude or guts to do this particular type of investing.
I think it’s important in times like these to remember your A, B, C’s.
The project A,B,C’s
A. Do you still believe in the long term viability and success of this project?
B. Do you see changes, improvements and growth that are encouraging and that signal positive results?
C. Did you invest money you can afford to lose or at hold what you bought to give the project time to be successful.
The asset versus fiat A,B, C’s
A. Assets in general appreciate in value over time, but their value goes up and down, but generally an upward curve.
B. Fiat or currency depreciates in value long term, with 100 dollars buying less now then 2-3 years ago.
C. If you buy assets on dips you reduce your basis or cost per unit asset over time and increase your ultimate profits.
Hive special characteristics
A. Hive is an investment that not only has the ability to appreciate, but you can agree to lock up your capitol by “powering up your Hive to HivePower and use Hive to make additional profits beyond appreciation, which you can use to pay bills and buy food. And you can do this without touching your principle!
Last words…
No one can tell you what to do with your crypto in a downturn, but remember the rich get rich by doing what other people won’t and that sometimes makes all the difference.
The End
