Heey all you lovely people!
In this post I am not going to tell you to DCA or that you should only invest what you can afford to lose. It is your money and well I am just a random internet stranger, you will probably not listen to me anyways.
But
If there is a small chance you will actually read this and an even smaller chance you will listen to it, let me share 2 things:
- Drop the 'get rich quick'- Mentality
''Why am I saying this?'' Getting rich quick with a low starting capital is, let us be honest, a pretty unrealistic believe. An unrealistic believe will probably lead you to be dissapointend what in turn will cause you to take emotionally charged decisions.
And now I will throw some cool number at you I found online. '66% of investors regret impulsive or emotionally investing'. I do not want that for you all.
- Investing should be a Marathon not a Sprint
Yesterday I think most of us saw a guy absolutely freaking out that he was down 30% since he started investing and calling crypto a scam (still not sure if this was missing a comedy flair).
If you zoom out on the charts of most legit crypto, most are up in %. Now I can not say this means the prices will go up again, meaning you will eventually be up in green again. Buuuuut I am a believer of 'history repeats itself', so just try to be patient.
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