Is down. Have a friend who was bragging about making a lot of money on Doge when everything was up. Never realized those gains so he has nothing now. Not too happy with his decisions but now he has to hold on.
Great article, as always. I's not my first crash and my previous experience taught me some stuff.
If you can work with dollar cost averaging you will be ready for everything. As soon as I start doing it I was way more relaxed and market volatility doesn't affect me as it did.
Before I would be constantly checking market prices. Now, every couple of days or so.
At helped a lot was entering the NFT market, WAX Blockchain to be precise, which taught me that hodling is the way and it doesn't matter if the market has fluctuations. If you do a good research it will pay off, one, two months later - I'm ready to wait years.
If you believe the NFTs you buy have value and you can hold, bitcoin shouldn't be any different.
Plus 1 for dollar cost averaging, always smart to have a portion of your portfolio liquid to take advantage of those tasty dips everyone keeps saying to buy!
"You must use this Bitcoin price crash to grow" This has been my message to family and friends who asked me for advice a couple months ago when BTC was moving up fast. A simple phone call can help your circle reposition before the next boom.
Like in most things in life, you can learn and expand your limits by going through a hard time. A price crash is going to show the oldest holders to be aware of all the situation Bitcoin can go trough, and to all the newbies not to think of this as a magic way to become rich. We’re going to pass trough some changes, but at the end of the day that’s going to make us adapt and grow.
Practice is always harder than theory. Only through experience we can truly learn. It's been a wild ride and I'm sure it will continue to be. But in the end it will all be worth it. I'm enjoying every step of the way and learning a lot too.
Sylvain - love this article and how you're educating people who are entering this space. I've always thought about investing in cryptocurrency like one would invest in a 401k. The swings are unpredictable and pricing could fall sharply in a bear market, but as long as I know I can afford to hold crypto long-term, it will eventually come back up and continue to achieve new highs. With so much potential in this space, I really think that money is only lost by investing in bad projects or not having the mental strength to hold through price dips. A long-term investment horizon with a lot of front-end research on projects will make crypto holders very, very happy in the future :)
If you really want to survive in a market with plenty of whales you have to go though all this ups and downs just keeping in mind that You can't be rich in a minute or a Month (not talking about special cases) practically you have to do something to get something
So if you are a holder of btc or holder of any Crypto and you might be going through the same ups and downs just remember
HODL IS GOLD
We get opportunity once in life so just not waste that by listening to some FUD or any other things
I love this. Everyone loves crypto until
Is down. Have a friend who was bragging about making a lot of money on Doge when everything was up. Never realized those gains so he has nothing now. Not too happy with his decisions but now he has to hold on.
Great article, as always. I's not my first crash and my previous experience taught me some stuff.
If you can work with dollar cost averaging you will be ready for everything. As soon as I start doing it I was way more relaxed and market volatility doesn't affect me as it did.
Before I would be constantly checking market prices. Now, every couple of days or so.
At helped a lot was entering the NFT market, WAX Blockchain to be precise, which taught me that hodling is the way and it doesn't matter if the market has fluctuations. If you do a good research it will pay off, one, two months later - I'm ready to wait years.
If you believe the NFTs you buy have value and you can hold, bitcoin shouldn't be any different.
The DCA approach is the best way to enjoy this world with peace of mind. All you need to apply it is to have confidence in this incredible revolution.
Plus 1 for dollar cost averaging, always smart to have a portion of your portfolio liquid to take advantage of those tasty dips everyone keeps saying to buy!
This allows it to strengthen its positions at a reduced price. Elon Musk approves ...
"You must use this Bitcoin price crash to grow" This has been my message to family and friends who asked me for advice a couple months ago when BTC was moving up fast. A simple phone call can help your circle reposition before the next boom.
Like in most things in life, you can learn and expand your limits by going through a hard time. A price crash is going to show the oldest holders to be aware of all the situation Bitcoin can go trough, and to all the newbies not to think of this as a magic way to become rich. We’re going to pass trough some changes, but at the end of the day that’s going to make us adapt and grow.
Practice is always harder than theory. Only through experience we can truly learn. It's been a wild ride and I'm sure it will continue to be. But in the end it will all be worth it. I'm enjoying every step of the way and learning a lot too.
Keep on hodling!!
This is indeed a fundamental truth to remember in any field.
That's why you can prepare all possible plans, you must always be ready to react and adapt when you will be faced with unexpected obstacles.
Thanks Sylvain, great piece, and the illustration nailed it!
Gotta have diamond hands and eliminate any emotion from holding crypto, too turbulent to be feeling every up and down of the roller coaster.
Sylvain - love this article and how you're educating people who are entering this space. I've always thought about investing in cryptocurrency like one would invest in a 401k. The swings are unpredictable and pricing could fall sharply in a bear market, but as long as I know I can afford to hold crypto long-term, it will eventually come back up and continue to achieve new highs. With so much potential in this space, I really think that money is only lost by investing in bad projects or not having the mental strength to hold through price dips. A long-term investment horizon with a lot of front-end research on projects will make crypto holders very, very happy in the future :)
Be greedy when others are fearful, and be fearful when others are greedy. Now may be the time to buy, but there will always be risk.
Buy the dips!
If you really want to survive in a market with plenty of whales you have to go though all this ups and downs just keeping in mind that You can't be rich in a minute or a Month (not talking about special cases) practically you have to do something to get something
So if you are a holder of btc or holder of any Crypto and you might be going through the same ups and downs just remember
HODL IS GOLD
We get opportunity once in life so just not waste that by listening to some FUD or any other things