3 Points to live by when investing in Crypto - Avoiding the FOMO, FUD, and being a HODLer!

in cryptocurrency •  7 years ago 

HODL.jpgSo much noise! Opinions, social media, pumper agendas, etc... No matter where you turn someone has a reason why its (coin, company, token..) is going to the moon or just a total scam.

Take these few steps to avoid falling prey to FOMO, FUD, or Scams. Do real research and make your own case. Before I buy anything, I always start with these 3 items.

1.) Create a spreadsheet with a 1-10 ranking. This will help you score you prospective investments. (i.e. leadership, maturity/roadmap, number of exchanges its being trades on(unless it hasn't been listed or an ICO), size of market, code, etc..)

2.) Does the company disrupt a industry/market or meet a real need? Go through the whitepaper and see..If not, this is a red flag for me. I look for opportunities to invest in areas that blockchain is much needed and can truly make a difference!

3.) Can the leadership execute or is it just an wild dream? What are the barriers? What is their history? Is there a advisory team? Are they elites with the ability to open doors and help direct, guide, and mentor? Everyone has an idea.... but there must be full circle execution! Try to gain an understand of the leaders and their abilities. Many will get to the 10th, 5th, or even 1 yard line but few will make the touchdown. Find the All-Stars!

Most of all remember that the markets go in cycles. Don't buy more than you are comfortable with and can stomach to watch it dip at times. Sleep well and trade with conviction!

Its been a great ride! 2018 will be a great year as well. Look forward to hearing from you all...

HODLer!

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