You are right on all counts man..... this is hurting pretty bad. I am just glad that I am able to keep my wits about and just absorb as much learning as I can. Next time around I want to be able to make better decisions and obviously both knowledge and information are essential to do that.
This weekend I just had to move away from the city so that I could take my mind away from things. I left last Thursday and came back on Sunday. 3 days of rest, friends and good food really did don wonders for me. Only after resting I was able realize how essential it was that I took that break. I am planning to do that again in a few weeks time :-)
If one cannot take a break from cryptocurrencies for a while, it may be a signal that you have too much vested into it. Another thought is to take time to learn and invest in yourself in order to understand the ecosystems being created around blockchain. I recently made a post about this as many organizations are starting to educate their professionals to ensure that the potential of this technology is being reviewed. This is a great alternative as it benefits yourself without necessarily risking losing anything.
To take a several weeks off of crypto market, I would have to be on deserted Island without any technology lol. Of course it hurts this not too enjoyable bear market. However, I look at it from the long therm perspective. If you hold your fiat instead for the next 5 years, you would be loosing anyway without any chance to get your money recovered. If you hold your crypto today and the next 5 years, there is a huge chance your investment will be much more worth that your fiat ever will. Right now, I’m relaxing and looking for more dips and opportunities to buy crypto at huge discounts.
BTW: your flight delay feels like forever 😆. It seems like you are completely alone there.
It's harder to step away for us content creators I believe, this is solid advice though because if you don't you will wear yourself out and be less productive.
Yeah, it's nice to get away from your investments for a while, but it's so much more difficult with crypto. The market moves so quickly. Hopefully the market be a little better when you come back from Australia. Have a great holiday.
Thanks for your always down-to-heart approach :)
Overthinking and overreacting to moves in the market is for sure hurting the average guy. I strongly believe that most people would be better off by simply assessing how much they can afford to lose and average down slowly with a little fixed amount every month and not bother about the daily noise. Keep up with the good work!
I think the people who have the experience of this bubble will be better prepared for the next one! Once the tech is actually getting used, on ramps through normal trading accounts with ETFs make buying way easier and more worry about national debt and inflation the next bubble could be huge! Those who experienced this bubble should now start preparing a plan for the next one!
It is good for those people that are really suffering to take a break but for those of you that can manage your mental state and are committed to the the crypto sector long term, now is the time to double down in terms of your knowledge. Everyone is a genius in rising markets but markets few people are able to comprehend bear markets.
You are right on all counts man..... this is hurting pretty bad. I am just glad that I am able to keep my wits about and just absorb as much learning as I can. Next time around I want to be able to make better decisions and obviously both knowledge and information are essential to do that.
This weekend I just had to move away from the city so that I could take my mind away from things. I left last Thursday and came back on Sunday. 3 days of rest, friends and good food really did don wonders for me. Only after resting I was able realize how essential it was that I took that break. I am planning to do that again in a few weeks time :-)
Great to hear!
If one cannot take a break from cryptocurrencies for a while, it may be a signal that you have too much vested into it. Another thought is to take time to learn and invest in yourself in order to understand the ecosystems being created around blockchain. I recently made a post about this as many organizations are starting to educate their professionals to ensure that the potential of this technology is being reviewed. This is a great alternative as it benefits yourself without necessarily risking losing anything.
To take a several weeks off of crypto market, I would have to be on deserted Island without any technology lol. Of course it hurts this not too enjoyable bear market. However, I look at it from the long therm perspective. If you hold your fiat instead for the next 5 years, you would be loosing anyway without any chance to get your money recovered. If you hold your crypto today and the next 5 years, there is a huge chance your investment will be much more worth that your fiat ever will. Right now, I’m relaxing and looking for more dips and opportunities to buy crypto at huge discounts.
BTW: your flight delay feels like forever 😆. It seems like you are completely alone there.
It's harder to step away for us content creators I believe, this is solid advice though because if you don't you will wear yourself out and be less productive.
No matter how much we love cryptocurrency the fact is too much of something is never a good thing.
When things get difficult I remind myself this is a marathon so be the tortoise and not the hare.
yes sound advice , my hubby is now heavily involved it , just have to get him too take a break now !
Yeah, it's nice to get away from your investments for a while, but it's so much more difficult with crypto. The market moves so quickly. Hopefully the market be a little better when you come back from Australia. Have a great holiday.
Thanks for your always down-to-heart approach :)
Overthinking and overreacting to moves in the market is for sure hurting the average guy. I strongly believe that most people would be better off by simply assessing how much they can afford to lose and average down slowly with a little fixed amount every month and not bother about the daily noise. Keep up with the good work!
I think the people who have the experience of this bubble will be better prepared for the next one! Once the tech is actually getting used, on ramps through normal trading accounts with ETFs make buying way easier and more worry about national debt and inflation the next bubble could be huge! Those who experienced this bubble should now start preparing a plan for the next one!
It is good for those people that are really suffering to take a break but for those of you that can manage your mental state and are committed to the the crypto sector long term, now is the time to double down in terms of your knowledge. Everyone is a genius in rising markets but markets few people are able to comprehend bear markets.