The next Permaculture principle we are going to look at along side the crypto world says to apply self regulation and accept feedback.
When the tomatoes are acting droopy and the leaves are browning at the tips they are trying to tell you something. Either they aren’t getting enough nutrition from the soil or they are getting too much water causing a bit of root rot.
If your back and knees are starting to give out from hauling bags of soil uphill from out of the chicken house or the pile you put at the lowest point of land you might want to consider a bit of a relocation job for all that stuff.
You had a bumper crop of corn the year before so you decided to plant 4x the amount this year and cut out some of the nitrogen fixing plants you planned on but now you’ve used up 4x the amount of land. Now you find that the present corn didn’t do as well as the year before because the soil wasn’t ready to handle it and your fertilizer supply was spread too thin.
The ecosystem is always trying to tell you something, accept and absorb whatever that may be and try to roll with it rather than against it.
So, what kind of self-regulation can we try to implement in our crypto investments? I think first off, the way people are excited about crypto these days, we need to make sure we’re not getting swept up in some kind of false hype. Chances are that if you’re hearing about something all over the news then it’s already booming and heading for a plateau or perhaps a slide back down. It’s tempting for sure, you might think it’s still got legs, but chances are you’ve missed the boat. Take a step back and don’t worry. Look at the market history. There will be other times to buy.
Now you might get lucky, I sure have. Sometimes you hear a bunch of good news about this or that coin or project and the price stays steady. The next day you read something else positive about it yet things are still pretty flat. Finally you get word of that project on a different information platform and that third time is enough to push you to buy. If you hear about it in enough places and the price charts seem steady with a good history that shows potential, you might find that you are now in a nice position to wait for the bump up.
Always be wary of the velocity of growth.
If something rockets up to the moon in a few hours that shows the market can be easily manipulated and there is a very high chance that it will do the same on the way down.
The beauty about this crypto world is that it happens online at the speed of light with the ability to get all kinds of feedback from all kinds of sources. Often times your own questions posted in the right way and on the right place can generate all sorts of answers and debate from people all over the world. Of course don’t take any one opinion as absolute, gather a wide variety, try to filter out the noise and sometimes just trust what your instincts say after you feel you’ve put in a good amount of work in the form of research. Reddit, Telegram, Steemit and sometimes Youtube are all excellent sources for a variety of opinions.
And most importantly, self-regulation comes in the form of knowing your limits.
Don’t take risky chances with money you cannot afford to lose. That feedback’s going to come in the form of a slap in the face from your partner when they find out you gambled away the mortgage on some scammy project like onecoin.
That's all I got. I would love for people to actually read and enjoy these posts. Any comments and advice are welcome as well as recommendations as to who to follow on Steemit.
Hami -