So, you spent the last few months learning about crypto and putting in a small amount to test the waters. Then you saw a dip in the price of your favorite coin, or two , or three.
Awesome you said , "I'm going to make a bundle on this discounted price." You press the button, and you buy in. You wait. You wait some more. The price hovers near your entry point, and then slides down a little. You are now thinking, " I should have waited. I could have gotten a better entry point. "
The price goes down a bit more and you are excited because you have a few more dollars to put into the pot. You buy in. You wait. You wait some more. Then, you wake up the next morning as see the sky has fallen on your plans to retire on that $150 you invested. You're underwater. Hell, what was I thinking. I just wanted to test the water, not swim in it.
Join the club. You have no idea how many investors belong to the "Get Rich or Die" club. But you can revoke your membership at any time. All you have to do is put on your thinking hat and your clear view glasses. Think about what you were told when you put money down and what did you see just happened. You got rekt. But it didn't kill you , right? And I heard from someone that what doesn't kill you will make you stronger. (Except for grizzly bears, they won't make you stronger).
So put on your big girl pants , wipe off the tears, and look at what just happened. The entire market took a dump and this inflation resistant new asset followed the rest of the market. My 1st question is, did you invest more than you could afford to lose? If so, you were gambling and not investing.
Don't gamble. Invest.
If you have questions on what happened then you are at the right place. This is when you learn not all grapes are sour and if you are willing, you can make some fine wine with these grapes you bought.
FNL Crypto has answers and lessons and people. Real people that have learned real lessons and are willing and able to share these hard learned lessons. You can read all you want and study and learn. But sometimes you need to talk to someone.
So don't get rekt by the market. If it has happened already, don't get depressed. The market will come back and I really believe there is value in the cryptomarket. Fine wine takes time. Learn and earn.
Zoom out and look at the charts for a 5 year period and you will see the ups and downs over a longer time frame. Don't despair.
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