There's a big mistake that some people make who want to start in investments in general, but mostly in cryptocurrencies I've seen it a lot, and it's that as it happened with the gold rush in the 19th century, seeing that there are some people who make big profits want to go in and put money in, even without knowing what it is about, some even take out loans, acquiring big debts and if things don't go as expected - which usually happens - they can literally even ruin their financial life completely.
Why do I talk specifically about cryptocurrencies?
This year in particular has been of rebound in the market and many people have entered the cryptomundo, for example with DeFi there has been a big Boom, however it is something that is not easy to understand for everyone, and enter a business or investment that is not understood is a big mistake, do not you think?
A common mistake is that, to enter something that we do not understand, particularly has happened to me and I have paid dearly, but, I have learned, this year particularly was of much learning, and obvious, I will continue learning and making mistakes, only that I will try that it is not with the same thing.
To invest in something, especially when we talk about projects in Cryptography, we must not only understand what it is about, but also believe in that project. Why? we are witnesses that cryptocurrencies are very volatile, that is to say, their prices vary permanently and can fall abruptly, as well as rise in the same way.
So, if you believe in the project, in the people behind it, you will know that even if the price drops, they will continue to work to add value and thus make the price of the token rise.
If not, what will happen is that at the first sign that the price may go down, or remain below the price at which the investment was made for a long time, the first thing that may come to mind is that if the capital is withdrawn even if it loses or not, doubts will enter, driven by fear, and the person will end up practically suffering because "he is losing money", when in fact he is not losing, not until he sells.
An example, Hive recently was at 0.233 dollars, and even a few months ago it was over 0.90 dollars, who bought at that price can say that according to the current price (0.105 dollars, for the day of this publication) is losing, however, if he trusts the project he will know that later the price will stabilize, to a point in which it could be far above the purchase price, now, that time can take hours, days, weeks or even months, that's why being in the crypto-world has to do with some patience too, not only knowledge and belief in the project, although in the end everything is related.
What do you think about what I just said?
I would like to know your opinion
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