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The Cryptocurrency Investing Emotional Guide

This is mostly just funny, but could serve as a great reminder at the highs and lows to keep your emotional investing in check!

Photo #1 from Waterloo, Canada by Scott Cunningham made on 2019-02-06 22:02 for Sola
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15 comments
Peter
Isn't that the truth
Hanover Fiste
If you want to invest, in ANYTHING (I don't do crypto) and get the best returns, don't be afraid to keep most of your money in.....cash reserves. Why? Because when prices fall, and all your money is invested, you have nothing to buy with, and you KNOW it's a great time to buy. You never know where or when the "peak" is. But as the price goes up, you should start selling. It's tempting to keep riding the elevator, but deep down inside you're hoping to time it just right, and are afraid it will fall soon. When it begins to fall, you've already suffered a preceptive loss, so you hang on hoping it's a short one.... Best thing, is to sell and be safe. Lock in most of your gains. Hold onto your cash reserves. You know, that old money that you crypto investors claim is obsolete? 🀣 And wait for the fallout. Wait for the crying, and the hype to die down. Then it will slowly return. Get back in slowly. Basically when everyone else zigs, you zag.
14
Scott Cunningham
Pro Creator
Author
Exactly! Great advice my friend. We can always play safe with gold too πŸ‘
6
Peter
Scott Cunningham, I think gold is the answer
20
thelevel
You should use this model to your advantage. Most people are on this track
20
Enes πŸ”₯πŸ”₯πŸŽ†πŸŽ†
Pro Creator
In real life most of the time the absolute low doesnt look so beautiful. For example around 2000 the biggest stock index in germany was falling for 3 hole years. Who the fuck knows exactly when the lowest time has come, when all you see is a stock index falling for 3 years? And 2nd its really important to understand that buying when its low isnt the best way either. If you buy shit it will later still be shit. The most important thing is to stay invested over reall long periodes. I can remember the time exactly, but there was a time where the dow jones was doing around 20% a year and if you were not invested on the best 30 days per year, you were just doing 1% or something like that. . But theres a big truth to this ofc. I like the quote from Buffet that goes something like this:"the stock market is the only place where the people run away from a 50% sale"
10
Scott Cunningham
Pro Creator
Author
Of course you are right! This is more of a very general emotional guide rather than a financial guide πŸ‘πŸ˜‰
1
Enes πŸ”₯πŸ”₯πŸŽ†πŸŽ†
Pro Creator
Scott Cunningham, yes :D it should be taught in kindergarten! XD
10
Scott Cunningham
Pro Creator
Author
Enes πŸ”₯πŸ”₯πŸŽ†πŸŽ†, hahaha yeah
1
Scott Cunningham
Pro Creator
Author
Pratapsingh Chandel, Right!
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