I'm into bitcoin since 2016 and the most important thing I learned is to have a longer outlook. A different perspective than the short-term fiat profits that 95% of the people here seem to be interested in. This perspective has not come naturally to me. I made a lot of stupid mistakes, a lot of ICO Shitcoinery and a lot of learning along the way.
You shouldn't feel bad for taking profits if your game is to accumulate more fiat. Just remember that you now have fiat and not sound money like BTC or gold. Fiat will increasingly come under pressure in the next decade. I found it to be a relief to be part of a new Bitcoin standard and not see it as a game or a casino to get more dollars. What I would do is put some of your "profits" in BTC (and maybe some gold) and don't look at the fiat price. Just keep it there for the next decade(s). I know from experience that this is more difficult than it sounds. I've seen a minus 85% in my BTC in 2018 and I'm mentally preparing myself for another big downturn. I have been freaking out a little less every time it happens, till I honestly don't care that much anymore for monthly fluctuations. I see it finally as part of the process towards a new monetary system. Learn to be a Stoic around volatility. You will feel like a fool when (or if) the world changes in the next decade and you had the chance to be one of the first people in history to have real money but you sold it for bad money.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments