Cryptocurrency has really created a lot of learners today. It has made a lot of people go through making researches, learning about what to buy, when to buy and how to buy. Crypto has created a wide market in the world.
No matter how educated a person is, he is always a newbie to cryto if he's never done it before. I see cryto as a school as well as a future no one would resist it's benefits.
Cryptocurrency gives the zeal to learn, it's always in the schedule to know something new or probably about new coin launched in the market. It has created a lot of entrepreneurs today.
It serves as a school for everyone irrespective of our education or what we studied in school in as much as we understand the concepts of it and the policies applicable to it. Its policies tells us that no one is responsible for our losses and no one can take the blame for our mistakes.
HOW FAR HAVE WE LEARNT FROM CRYPTOCURRENCY
How do we feel when we make the wrong decisions? I mean when our impatience costs us a lot of losses than we expected. I imagine selling a coin one has waited for months to pump. Selling it due to the fact that it doesn't pump as expected and losing hope in it. It definitely pumps one day and people who have exercise their patience take the profits. When we see it's progression, we feel like we have failed and it makes some people sad most especially those good at calculations not knowing that cryto isn't about making magic money but how far we can go with our investment.
I remember having shiba few months ago and selling it when it was dip because I needed some money to sort myself. I could have found another means of getting the money but because I didn't see any progress, I sold it to solve my problems. I didn't feel sad actually because no coin is my friend. The joy we feel in making profit arouses more interest to invest. No investor feels sad to make profits.
DO WE SET A PLAN BEFORE INVESTING?
This is a question I asked myself after I discovered my reaction towards my coins. Did I set a plan before buying my coins? My mentor would say "Impatience kills a crypto investor the most and leaves him with no profit"
Setting a plan should be the first thing we do. We should know how, when and why we should invest in a coin before taking the step.
Cryptocurrency requires the need to study, make researches and learn more about what we buy. It's like learning in a normal school.
PEOPLE'S BIGGEST FEAR IN INVESTING IN CRYPTOCURRENCY
The fear of losing money for a long time led a lot of people into selling the dip and has cost them losses.
The lesson I learnt from crytocurrency is that patience is the only key to a successful investment. No matter how brave or smart we are, our impatience can always cost us losses. A patient person earns the medal for a successful investment. We can always take our profits when we are satisfied but we should always learn to be patient to avoid losses and wasting our time unnecessarily.
#Posted using Leofinance
