Everything you comment is very interesting; the truth is that quite similar has happened to me; that is to say, I have also been in the crypto space for several years and at the time I also made the mistake of investing in cryptocurrencies like Shiba at the wrong time, for letting myself be guided by the FOMO of the news; without first investigating the project and its situation. The same thing has happened to me with many other cryptocurrencies where I have ended up losing a lot of money instead of making it; but in a large part of them (such as the case of SHIBA INU) the worst thing is not that the cryptocurrency did not have an opportunity to rise, but that when I entered the market at the wrong time to buy it, without technical analysis, without investigate the project, without investigate the team that represents it and its usefulness; I ended up buying at a point where I did should to refrain.
As a general rule, now I have the habit of never investing in something simply because I have seen it in the news, or because I have seen it as a trend on social networks; by the time the fame of a newly emerged cryptocurrency is vox populi, generally you have to wait a reasonable time to invest in it, if we decide to invest in it; because doing it before, is to give liquidity to those who entered first.
But these things are matters that are learned based on experience and based on trial and error, and as you said, whoever thinks that they can get rich with this overnight, will most likely fail. It does not mean that whoever does not do things well cannot get rich with cryptocurrencies, because in reality, whoever learns enough about trading, investments and the crypto world can get rich after a few years; but until we discover and learn everything necessary to achieve it; we continue on the road.
Very interesting your post. Thanks for sharing. Greetings.
We sure can't get rich quick here in a minute or a day but if we hodl strong for 5-10years then we might be in a better position. Glad to hear your story in the crypto-verse these past years.
From the outside, it seems easy to make money from crypto. When you actually do it, you see the reality. If you make money on crypto consistently, it's not luck. It's purely your work, experience, and knowledge.
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Everything you comment is very interesting; the truth is that quite similar has happened to me; that is to say, I have also been in the crypto space for several years and at the time I also made the mistake of investing in cryptocurrencies like Shiba at the wrong time, for letting myself be guided by the FOMO of the news; without first investigating the project and its situation. The same thing has happened to me with many other cryptocurrencies where I have ended up losing a lot of money instead of making it; but in a large part of them (such as the case of SHIBA INU) the worst thing is not that the cryptocurrency did not have an opportunity to rise, but that when I entered the market at the wrong time to buy it, without technical analysis, without investigate the project, without investigate the team that represents it and its usefulness; I ended up buying at a point where I did should to refrain.
As a general rule, now I have the habit of never investing in something simply because I have seen it in the news, or because I have seen it as a trend on social networks; by the time the fame of a newly emerged cryptocurrency is vox populi, generally you have to wait a reasonable time to invest in it, if we decide to invest in it; because doing it before, is to give liquidity to those who entered first.
But these things are matters that are learned based on experience and based on trial and error, and as you said, whoever thinks that they can get rich with this overnight, will most likely fail. It does not mean that whoever does not do things well cannot get rich with cryptocurrencies, because in reality, whoever learns enough about trading, investments and the crypto world can get rich after a few years; but until we discover and learn everything necessary to achieve it; we continue on the road.
Very interesting your post. Thanks for sharing. Greetings.
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.
We sure can't get rich quick here in a minute or a day but if we hodl strong for 5-10years then we might be in a better position. Glad to hear your story in the crypto-verse these past years.
Posted Using LeoFinance Beta
.
From the outside, it seems easy to make money from crypto. When you actually do it, you see the reality. If you make money on crypto consistently, it's not luck. It's purely your work, experience, and knowledge.
Posted Using LeoFinance Beta
.
🙂
.
I joined around the same time as you. 5 years in crypto changes you as a person, that's for sure.
Posted Using LeoFinance Beta
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