You must have heard about the topic above at some point in your life! If you can relate it and have done the opposite of it than congratulations, you have taken a step forward in terms of making decisions. For a very long time, I used to believe in the idea, if you believe in a project then go all in! Not that it is not suggested but the fact is, what if things goes sideways and you end up on the wrong side of your investment. Lets talk about it.
Believe in something!
I like HIVE. More than anything and so far what I have got from here, it is practically immense! And the I am building my stake in here with my time, effort and almost everything I have. Infact, I am in here for LONG TERM and all the efforts are indeed going to be productive in the coming days for us. At the least, with this belief we are walking towards the future.
I am not saying, if you believe in something than you should not get in with it 100% but what I am referring to in terms of FINANCE is, sometimes you have to take rough decisions. Let's talk numbers. Currently, I invested some HIVE tokens into LEO and believe me it almost doubled my investment. As of now if I sell the LEO token, I would already be in a handsome profit. Now, if I had those HIVE tokens in my wallet, it would have been just stayed there and even if I powered it up, I would not not have received the same amount of incentives, like the way I received in LEO trade. This is just an example of how we can diversify our assets and make proper use of them.
What I am trying to say is, if you diversify your assets, you will have a different chance of making upto the financial stability of yours. In I have to talk about crypto, I must say instead of investing in FUD, invest in right news, right platform, right team, and in right technology! When you see the bigger picture, you tend to do the right thing and yep, of course in the right time!
Measuring the consequences
This part is a crucial one. When you know what you are doing and when you have no idea what you are doing. We do get to see both these behaviors in crypto space. Some people are lucky enough to make their pockets deep, even without anny idea and also some people looses deep pockets without any idea of crypto. Please, do not do that! making profits off of your investments is always awesome but at the same time loosing from the principle amount hurts like hell.
I must say, it all depends on the POV of a person. How you relate your thoughts with your economic situations and how you get to utilize those assets for yourself. As whatever the outcomes arrives, you shall be the bearer of it! I hope you do the right thing at the right time ;)
This post is not any kind of financial advice. Please DYOR!
Best regards
Rehan