Great post Dana as always. Turly agree that long term investing pays rich dividends then short term trading. So if you are convinced on cryptos which we all do, then long term strategy is the way forward. However, profit booking from time to time is also of essance. Thanks for posting and your suppprt.
Regards Nainaz
#thealliance
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We take profits to pay for living expenses but living expenses are finite. After a certain point you will have all you need to sustain yourself and then it becomes how can you use the tokens to better your life. For this reason JUST seeking profit is fine if you're not rich enough, but over time it becomes about the goals of interest. Fiat simply cannot solve every problem and if a token can do something novel which cannot be done in the fiat world then the token has true utility.
There are tokens being developed or which exist now which will have true utility beyond speculative value. For people who actually want to use the tokens then the true utility becomes important. For instance a token which can be used for a decentralized scientific super computer, to use cloud computing to cure cancer or fold protein? That has true utility behind it beyond what you could do with fiat.
Totally Agree with you buddy. But i am not rich as off now :-) . If and when i become one, my prespective will also change.
Rich and poor are relative. Stick with smart decisions, build up on your gains, and hopefully you arrive at the place you need to reach in order to continue your personal growth.
Many thanks. Shall surely follow your advise buddy. Take care.
Amazing post.I'm new on steemit I'm following you please you follow me.I hope you follow me.Have great Success.Thanks