If there's something the market of the Cryptocurrencies have shown us is that it is NOT common, and when something its as revolutionary like the blockchain technology is, the last thing you need is something common to confront it, even if it is the so called "common sense", that common sense that tells you to sell to cut your losses when the prices are falling hard, or the common sense who won't let you get in the market because its unregulated.
So don't get me wrong on this, if you're looking for a long-term investment in this market it is ALL about the FUNDAMENTALS, i'm telling you without a doubt that at least half of the ICO projects are gonna fail, that's why you should find those really strong from the core, and hold it no matter what, and here is where you shouldn't listen your common sense, you don't let the panic get over you when you the price falling more than 30 or 40%, you don't buy just because everyone its talking about it and it has already grown 100% in a month. My point is...STICK TO THE FUNDAMENTALS, learn everything you can about your investment, if you're willing to give them your capital for a year or more, be sure that the project can be accomplished.
And here is where i got to highlight the importance of something like STEEMIT! You need information about a project under development on blockchain technology but the whitepaper is not enough, so what is better than a place when you know the good content is rewarded at the same time that misinformation is flagged, here you have a free market of information you can trust, of course still has some flaws, it's still on dippers, but its a place when you can find different points of views with less bias than other places.
If you want to day-trade you just need the stomach to ride the waves, but if you're looking for an INVESTMENT you gotta do your homework, and trust me that STEEMIT is the best place to contrast all the sides of every project.
Trust the free market
PS: Sell-offs on sundays and holidays, coincidence or a statement of the market itself against the regulated one?
This post received a 1.4% upvote from @randowhale thanks to @erodriguezc11! For more information, click here!
agreed
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by erc11 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
This post has received a 1.10 % upvote from @booster thanks to: @erodriguezc11.