This could be the most important thing you'll see today when it comes to crypto trading and investing. It is easy to get caught up in the moment and not look at the big picture.
(Source)
I want you to look at what happened in the cryptocurrency market last January. There was a huge crash at the time and people started panicing.
Back in January of 2017 the market soared to almost $25 billion and then crashed and lost half its value in just over a week. People were freaking out then, but the ones that didn't sell. The ones that saw the long-term vision got rewarded.
Look at the crash up above and now look at where that crash fits into the year as a whole. Can you even see it?
It is just a blip on the radar, barely noticeable in the grand scheme of things. Imagine, that little speed bump caused hundreds of people to sell and get out, when they could have doubled down.
The entire purpose of this blog is to get you to look at the big picture. Don't get scared if you see a lot of red in your portfolio and you're down on some investments, just hold tight. Look what happened if you felt this ways last January, but decided to hold for a year.
Hang in there, after all the sell-off now isn't even as bad as the crash last January. So toughen up. lol
All graphs from Coinmarketcap.com.
I hope you found some perspective with this blog. Let me know your thoughts in the comments below.
