RE: Quit Treating Your Favorite Cryptocurrency Like Your Favorite Sports Team

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Quit Treating Your Favorite Cryptocurrency Like Your Favorite Sports Team

in cryptocurrency •  7 years ago 

Long term investors don't mind the price going down a bit and buying a new position. After all, it's long term.

I believe ppl should support the currencies they believe will be great for the future. I actually prefer supporting a currency that might change something in the world, than supporting lets say a football team, who are wasting millions sometimes for players that don't even give the example to the community and their own fans.

Ppl can support and enjoy anything they want without harming themselves or others in the process.

As we all know, investing in Crypto, is not the same as investing in anything else that has been here for more time.

Although i have to agree that supporting the way the picture is showing.... is too much hahaha!

Cheers, and have a nice day.

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I disagree on the be rah rah with your cryptocurrency. Being emotionally involved in your investments to me is a recipe for bad investing.

Don't get me wrong I get what your saying, I can understand why someone supports a privacy coin if they value privacy and freedom, crypto is an exciting thing so to an extent I understand getting a bit more involved than with stocks. Heck even with stock some people get very rah rah Apple and a handful of other companies.

That said, again, I think its a recipe to poor decision making and I think its partly why people outside of crypto don't take us seriously.