Stronger Hands Needed

in crypto •  7 years ago  (edited)

Lately in the crypto space we are welcoming more and more investors into the market.
This is a good thing but at the same time it does have its negative effects aswell.

New People that have entered the crypto market have done so because they have heard about all the new millionaires and the possibilities not only financially but with technology aswell.

I speak to new traders every single day that are after my advice and a lot of them seem to expect everything to happen overnight.
Sometimes tokens I have recommended have rewarded people with 1000% gains in 1 day but obviously it's not always so easy.

If it takes a few weeks or a month to double your investment that is nothing if you compare it to investing your money in anything else in the world.

I think it's great to be optimistic but you need to be realistic at the same time, some people are getting 50k loans from the bank to Invest in the market before they have even learned the basic things about it.

When the greed within the market stabilises so to will the prices. Everyone that gets into this needs to remember that the volatility is what makes the rewards so great, we have to take the good with the bad.

If your portfolio is looking grim when you wake up in the morning, do yourself a favour and put it away for the day and take a break.
When you check it the next day more often then not you will realise it has gone back to or above where it was previously and if you had of been checking it all day the day before you would have been stressing out for nothing.

Play the long game and gather what short wins you can in between to increase the depth of your portfolio

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @coin-of-tomorrow! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @coin-of-tomorrow! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!