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15日

The Cryptocurrency Investing Emotional Guide

This is mostly just funny, but could serve as a great reminder at the highs and lows to keep your emotional investing in check!

Photo #1 from Waterloo, Canada by Scott Cunningham made on 2019-02-06 22:02 for Sola
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Canada, Waterloo
15 コメント
Peter
Isn't that the truth
Hanover Fiste
If you want to invest, in ANYTHING (I don't do crypto) and get the best returns, don't be afraid to keep most of your money in.....cash reserves. Why? Because when prices fall, and all your money is invested, you have nothing to buy with, and you KNOW it's a great time to buy. You never know where or when the "peak" is. But as the price goes up, you should start selling. It's tempting to keep riding the elevator, but deep down inside you're hoping to time it just right, and are afraid it will fall soon. When it begins to fall, you've already suffered a preceptive loss, so you hang on hoping it's a short one.... Best thing, is to sell and be safe. Lock in most of your gains. Hold onto your cash reserves. You know, that old money that you crypto investors claim is obsolete? 🤣 And wait for the fallout. Wait for the crying, and the hype to die down. Then it will slowly return. Get back in slowly. Basically when everyone else zigs, you zag.
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Scott Cunningham
Pro Creator
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Exactly! Great advice my friend. We can always play safe with gold too 👍
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Peter
Scott Cunningham, I think gold is the answer
20
thelevel
You should use this model to your advantage. Most people are on this track
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Enes 🔥🔥🎆🎆
In real life most of the time the absolute low doesnt look so beautiful. For example around 2000 the biggest stock index in germany was falling for 3 hole years. Who the fuck knows exactly when the lowest time has come, when all you see is a stock index falling for 3 years? And 2nd its really important to understand that buying when its low isnt the best way either. If you buy shit it will later still be shit. The most important thing is to stay invested over reall long periodes. I can remember the time exactly, but there was a time where the dow jones was doing around 20% a year and if you were not invested on the best 30 days per year, you were just doing 1% or something like that. . But theres a big truth to this ofc. I like the quote from Buffet that goes something like this:"the stock market is the only place where the people run away from a 50% sale"
10
Scott Cunningham
Pro Creator
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Of course you are right! This is more of a very general emotional guide rather than a financial guide 👍😉
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Enes 🔥🔥🎆🎆
Scott Cunningham, yes :D it should be taught in kindergarten! XD
10
Scott Cunningham
Pro Creator
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Enes 🔥🔥🎆🎆, hahaha yeah
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Moses
モデレーターにより削除されました
Mimran
カード投稿者により削除されました
Scott Cunningham
Pro Creator
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Pratapsingh Chandel, Right!
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