Hey friends,
After so much speculation with the recent crash, I just checked my small crypto portfolio.
Not because of panic, but because of curiosity.
The first screenshot was 2 weeks ago when everyone was happy (buying crypto's left and right) LOL
It even went up to 1250%+ ROI. Guess what I did? NOTHING because I want to keep holding...
The second screenshot was yesterday when lots of people were panicking and dumping their crypto investments...
Making the same stupid mistakes of buying on the way up and selling on the way down...
I'm not an expert or financial advisor, but it doesn't make sense...
These are the same mistakes people make on Wall Street: Buying high and selling low loosing their pants and panicking...
Did I loose money yesterday? Only if I compare to previous week, but still with 940% ROI...
Am I panicking? HELL NO, THIS IS THE TIME TO BUY AGAIN!!!
I'm a complete newbie to the crypto market, but no matter what your investment is (Crypto's, stocks, precious metal, real estate, etc) you need common sense...
A mentor told me one time "When people get greedy, you stay quiet; and when people get quiet, you stay greedy"
I love to go against the crowd...
Staying diversified is also common sense!
Not only diversify inside your investment category (in this situation diversify your crypto currencies) but also stay diversified in your investments in general (crypto currency should be only a % of your general investment portfolio)
When you invest, first be willing to lose that money; and second, put your feelings on the side, so yo can make rational decisions...
See you around,