05-28-2021, 09:36 PM
The correct mentality for investing in the crypto market is thinking in YEARS not MO
<!-- SC_OFF --><div class="md"><p>I know a lot of people sell the crypto market as a "get rich quick". But the truth is you're only going to make others rich quick with that mentality.</p> <p>Did you get in at the beginning of 2021? Congrats. But the truth is you've been in the crypto market for a few months. There is so much for you to learn; tons of theoretical models and blockchain trilemma solutions. So many financial instruments from Defi to Dexes. Learn, learn, and learn—you have a whole universe to explore. That's nothing in the grand scheme of cryptocurrencies.</p> <p>Did you hear about those stories like "someone bought a pizza for 10, 000BTC," that'd be worth millions now? Well, it took years for that story to become relevant. It doesn't appeal as much but <strong>you have to start thinking in terms of years.</strong></p> <p>Ask yourself, if the cryptocurrency you are holding will still be here in the long term? If yes, continue accumulating. Otherwise, chill out because you've got confidence in what you are holding and continue doing research. And, if it's still a no-go, just sell it—you can support crypto without actually holding any.</p> <p>So much about investing is more about being able to control your emotions and having the correct risk/reward management than actually picking a project.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/M00OSE"> /u/M00OSE </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmw9hx/the_correct_mentality_for_investing_in_the_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmw9hx/the_correct_mentality_for_investing_in_the_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I know a lot of people sell the crypto market as a "get rich quick". But the truth is you're only going to make others rich quick with that mentality.</p> <p>Did you get in at the beginning of 2021? Congrats. But the truth is you've been in the crypto market for a few months. There is so much for you to learn; tons of theoretical models and blockchain trilemma solutions. So many financial instruments from Defi to Dexes. Learn, learn, and learn—you have a whole universe to explore. That's nothing in the grand scheme of cryptocurrencies.</p> <p>Did you hear about those stories like "someone bought a pizza for 10, 000BTC," that'd be worth millions now? Well, it took years for that story to become relevant. It doesn't appeal as much but <strong>you have to start thinking in terms of years.</strong></p> <p>Ask yourself, if the cryptocurrency you are holding will still be here in the long term? If yes, continue accumulating. Otherwise, chill out because you've got confidence in what you are holding and continue doing research. And, if it's still a no-go, just sell it—you can support crypto without actually holding any.</p> <p>So much about investing is more about being able to control your emotions and having the correct risk/reward management than actually picking a project.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/M00OSE"> /u/M00OSE </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmw9hx/the_correct_mentality_for_investing_in_the_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmw9hx/the_correct_mentality_for_investing_in_the_crypto/">[comments]</a></span>Kind Regards R