I was in church and this Parable came up
Sometimes these are ancient wisdoms that are still applicable in the modern day
Let me try to apply this to how some invest in Crytocurrency
Parable of the Sower is a story of a farmer who throws some seeds in the field.
Some seeds fell in the path where they got eaten by the birds
Some fell by the weeds , where they were unable to grow
Some fell by the rocky soil, which did grew for a while until harsh conditions made them wither and die
And then there are seeds that fell on good soil which generated a crop a hundred fold
The seeds that fell on the path are like those who bought Bitcoin at the peak and got disappointed when it fell.
These are the ones who want to get rich quickly without getting their hands dirty. They are the ones who fall wholeheartedly on get rich quick scams
The seeds who fell on the weeds are those who follow the crowd. They buy when others buy. Sell when they see others sell.
These are the types who fall victim to pump and dump. In the end , they didnt't make much money
The seeds who grew on rocky ground are those who bought and hold. But eventually lost faith as the profits did not come quickly enough
This is the chart of Bitcoin at the end of 2013 when it reached a peak of $1151. It would not reach that peak again till Jan 2017
If you were an investor in Dec 2013, what would you have done ?
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