Why research in crypocurrency is a vital task

in hive-175254 •  2 years ago 

We all should at least knows that when it comes to some certain things in life it is vital to make sure that we make research about it when it is needed. Any thing you feel you don't have much knowledge about you should rise up and give that particular thing more time and attention as this will helps you deep along the line as time progresses. When it comes to learning we all should knows that it is endless, this is holding to the fact that innovation and invention will keeps coming up day in day out. With that in place, you should bear it in your mind that learning can never and will never end. One thing that I will let you know is that when it comes to learning you should knows that it can come from any body, it can come from a child or even some body more matured than you. Just drop the pride and focus on learning and you will see yourself doing amazingly well over the years.

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If you take note and you have been observant enough you will see that many issues we have today is as a result of the inability for us to learn or make research about that great project lying ahead. I remembered long ago when I came across a good crypocurrency opportunity. I didn't take it or push my seriousness to it. The project launched and it was trading so badly as at that time. Because of what I passed through as per the hard times I suffered why trying to accumulate that tokens I never wanted to sell it so cheaply. I kept holding the token but because of how hard it is to keep up with bills and life in particular I had to keep selling some just to meet up with some basic needs and necessities. I remembered how some of my friends chatted me and where laughing at me saying that I am holding on to a dead project.

It got to a point that after numerous pressure from friends and also so many challenges that I ran into, I had to sell without thinking twice. Life gave me little or no hope. At some point in time I saw that after holding for about three years the coin started rising in value, what really shocked me was that I chatted a friend of mine and asked him that I wanted to sell some of those tokens. He is aware of that project so I asked him if it is a good ideal to sell all or hold some. He asked me to make research to see why the token is rising in value. The problem here is that right at that point in time I don't have much knowledge about cryptocurrency and I don't know how to make research about cryptocurrency project at all. I chatted him and told him that I don't know exactly why the token is rising in value, it will really be painful seeing that the opportunity came for me to sell and I never did. With this in place I had to rush down and sell. Instead of selling half and leaving the rest I sold all.

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As per the above, the only reason I am not regretting it that much is holding to the fact that I sold it for a very good reason. The painful part of it is that after selling all the token it didn't take up to two months before the coin hit a very good rate. Imagine something you are happy you sold for about $1000 rising to about $7000 assuming you have hold down a little. After I saw the amazing rise I rushed down to do more research and I saw that many people keeps partnering with the project. They started investing mightily in it seeing how good the project is. I was shocked to see all those goodies coming to the project and I had no body to blame than to blame myself for never doing a good research when I had the chance to do it as at that time. It has passed and it is now time to move on. My move wasn't bad as we all knows that I can decide not to sell and my token might drain to zero (0). We all have seen all this happening in the crypocurrency ecosystem but what I wanted to say is that doing research can help you to some certain extent.

Before I dropped the pen I will like to say that when you see your cryptocurrency holdings doing well, don't just sell without doing proper research as to why it is doing well. Investigate as to what is currently happening with the cryptocurrency ecosystem and project before taking your decisions. The research you do today will impact that your cryptocurrency journey tomorrow.

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I will end the post here, if you have anything else to say please air your view by commenting under this post.

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I believe that research is the first step in cryptocurrency market before we decide to go ahead for the investment. We often say that do your own research before investing and there is something we all should do to ensure that we are putting money at the right project.

Research about anything is very vital, it gives you proper guide of what lies ahead.

Hi Friend
There is no substitute to research as there are so many opportunities that happen but are lost because we do not have research based knowledge.

Yeah, research based knowledge is very important

Well, you have spoken well, I have nothing to add than the fact that research should come first before investing.

Thanks for sharing

Very important. It should be the first thing to consider before investing

i agree

This is important and Needless to say that without research we should not invest in cryptocurrency and even in any other segment. I believe that investment is a journey and research is the first step to move towards it. nice post

Thanks