I got introduced to the world of cryptocurrency back in June of 2017. At the time I was also getting into personal finances and learning about the mindset behind smart investing. If you know anything about cryptocurrency, you know how attractive it is for someone looking for a good investment vehicle. So I pulled the trigger.
The first thing you learn about investing is that emotions are always playing against you. While you are learning about these things, the books make it super rational and obvious what your next move should be. But when your real money is on the line, funny things start to happen. Your brain stops working and fear takes over.
The majority of the books and content available out there are based on how traditional markets move. Stocks, bonds, ETF's... these products are not that volatile, so significant changes only happen over some years. The only cryptocurrency you might know of is Bitcoin, which is known for its volatility. In summary, nothing couldn't prepare me for this carousel ride.
After 8 months, I learned a lot about trusting on principles rather than on my monkey mind. When things are going up, it's easy to stay calm and collected but when things start to get scary, it's time to break the safety glass and reach for those principles. I learned this through cryptocurrency and it remains true for the volatility of life.