Investing in cryptocurrencies is something that shows one's ability to make good decisions.
And this ability to make the right choices can be affected by the high volatility of this.
The fact is that when we see this kind of sharp movements in the market there are people who have the need to hear: "Don't worry, everything will be okay"
Above in the red arrow, you can see the point where we are now, compared to the situation in 2017 and 2013. Same movement, same opportunity.
Just to calm their mind and to be able to go on without so much pressure. This is a reality, this is how it is and has been from the beginning.
And I think it is time not to ignore yourself and start listening to your rational side.
If you are able to look at yourself in the mirror and see that it has also happened to you, congratulations, you are a strong person.
To recognize your strengths and weaknesses is to be a strong person, a person who is able to make decisions under stress.
When you decide to invest in a project you make the decision to do so based on information and fundamentals.
So, why do your emotions run wild when the market makes sudden movements? People forget why they invested and that is prime.
Before you act, stop for a moment and think: "Have my fundamentals about the project changed? Or have my emotions changed about it?"
The value of a good project is based on the solid information it provides, but also the good questions the community asks and the good answers they receive.
Happy Sunday!
You can follow me on https://leofinance.io/@ikaro but not on the street :)
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Looking into the fundamentals and information about a project is equally important as the dip shown in the picture.
If a project does not have a good roadmap and vision, it will collapse in near future.
Lot of people are betting at Doge at the moment, but i ma not sure if that is the right strategy as the hype is just temporary
Indeed, there is a fomo and investment disproportionate to what doge really is.
As Charles Hoskinson said, doge is a dangerous bubble, it has no technology or anything useful, but still a lot of newbies are betting on it. The danger of doge is that if there is a massive loss by investors, this will be a perfect excuse for the SEC [U.S. Securities and Exchange Commission] to take a look at it.
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yup. Every time there is a hype people starts to follow the trend.
You are very correct with other aspects as well, if a lot of people will loose the investment, this will have adverse impact on other people who are thinking of investing.