Anyone who is panicking because of the market these days is not paying close attention. This is the way the market works, its volatile and to believe it always needs to go up, is to be a bit naive.
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The truth is that nobody truly knows where the market is going to be a week from now, two weeks from now or even a month from now. Anyone who predicts anything is probably is guesstimating at best. A wise investor would tell anyone who is panicking right now, that the money that they have made over the years come from those who panic.
That might sound harsh, but it's pretty accurate. If you are worrying too much about the prices of crypto going down, that probably means you are getting ready to allow these investors to double their investments or more. I’m pretty serious about this, I just got off the phone with a friend asking me if he should sell. Why? On a red day?
Whoever tells you that he or she is into cryptocurrency investments purely because of the technology might be a little disingenuous, specially if that person who said that to you is the one who is panicking at the moment.
Patience is key, if you understand what this whole revolution is all about, if you really understand it you know how this whole thing plays out. It will go up, it will go down, it might go sideways, but overall with time, the trend is up.
Being a good investor is not easy, if it was, the title would not exist. Think about that for a second.
Greetings, Cbhartist
Excellent words. For me, to be a good investor, the person needs to be focused on the long term and not look at both the question of prices. You must buy the assets every month, whenever your salary or other form of remuneration appears. A part of this capital gains and "religiously" is separated, the person buys each month with this separate money. In the long term the interest of the investment will make the patrimony of the person very good.
This I say is related to variable income assets and fixed income. I don't know how the Criptomoedas market works, where the volatility is too high. Do not consider applying here what I said. This strategy of mine works very well for the actions of good companies. The person learns to have emotional control and studies good companies, after that, buys a part of them every month....
Thank you for posting and good night!!!!
thank you for the information you provide, should the investment as you said earlier, set aside income each month. Thank you very much @julisavio
thank you for sharing your thoughts.... i happen to lean to your way of thinking as well..
You rightly said that no one can predict the exact future price of cryptocurrencies. If someone could have calculated the exact price, he would have never told it to anybody. Instead of it he would have invested in such a way that he would have been the richest person on this planet.
I laugh when someone posts here regarding future price of cryptos. That person must be a lying. I agree with you that patience is the key. Your advice is very valuable. I invested in cryptos and the value of them has come down more than half. I have no choice but to keep patience.
Thank you.
Hello friend @chbartist, I totally agree, we are in times of patience and nerves of steel, it is not easy but to grow we must believe and to move forward we have to trust that the future will be better, of course always doing a thorough analysis of the market history. Running is for those who have little faith, well my thinking is good, I will continue to bet on steemit and pray that the market will change to sustained growth. Happiness always.
good advice for everyone, I myself feel that way, and have experienced like your friend @chbartist
I like what you say encouraging us to invest.thanks
Good advice my dear friend. This information encourage us to invest. Thanks.
I mean crypto is for people with the nerves of steel
Im trying hard to stay consistent with my strategy to leave my coins untouched until 2020. I am willing to trade for other coins to modify portfolio but not to fiat.