A Solid Foundation - stop whining!
Success Requires Consistent Effort
I have read some posts recently that had a lot of complaints in it. LEO crashed, CUB crashed, my posts don't get noticed... etc. Sure, things have gone down recently, but I will tell you a couple of things that have not gone down, my effort and my attitude.
Crypto is not a get rich quick scheme. I learned that sometime in 2019 or 2020 after a solid 3 years of waiting for it to happen. Let me let you in on a little secret that might already be obvious to you. If you are waiting for it to happen, it won't.
Go get it!
There are amazing gains to be had in the cryptosphere. This is very true. Will it happen overnight? Maybe, but don't count on it. Token value will go up and down, and if you are not a megawhale, you have no real power in which direction things go, but there is something that is in your control. The work that you put in!
Bitcoin went down, as did my entire portfolio. But, I added 453 POB tokens to my stake last week! I farm a decent amount of CUB daily. I am constantly adding LEO to my stake. I am writing blogs and reading into projects that have potential.
I have been adding a good amount of value to my portfolio on this downturn. I have also bought some coins on the cheap. I am in control of this, I am not in control of who reads my posts or how much the LEO token is selling for. I am in control of the content that I write and also how much I am buying that token for.
Focus on what you CAN do!
This is obvious, and it really boosts morale! I added $500 to my portfolio in new coins in the last few weeks. I didn't spend any money, I just worked and watched my money make more money. This is the attitude that keeps me positive and keeps me focused on my goals. Sure, my portfolio is lower than it was in April, but next time things go up to those levels, my portfolio will be much larger as I have been steady accumulating.
I set goals for myself and where I want to be. I want to write at least 2 good posts per week. If I can write more, and am inspired to write more... I do. I read up on the projects I want to keep up to date on and I look for new information to help build a more solid portfolio.
When there is a dip, I look at what changed and how I can improve my position. These are all things that are in my control. This keeps me focused.
Let Go of things you cannot control
If the market goes down 35%, there is nothing that you can do about the valuation of the coins. Crying about it won't make them go back up to where you want them to go. Being so attached to the valuation of your portfolio in fiat is a trap. Fiat is a trap.
If you focus more on increasing the amount of tokens that you have for the projects that you want in your portfolio, then every day is a work day. Every day is a day where you can increase your holdings. Every day is a day that you can win. Crypto is volatile and if you are entering this space expecting constant gains, you are going to be short lived in this market.
If you are prepared for things to go down... you can set yourself up to improve your position when things actually do go down.
The Solid Foundation
Forget about how many crappy dollars your crypto is worth. Your buying power is going to improve long term. It is programmed into BTC to be that way. Know that there is always work to be done and keep the vision long term. Things are going to skyrocket again, and when they do... I am going to have more. This is because I am putting in the work daily. I am keeping focused on what I can control and not worrying about the things that I cannot. This is a solid foundation for long term success in crypto. I have been involved in this space for over 4 years and I have seen the gains, and the devastating drops. Bull runs come like clockwork. I am ready for this one (and/or the next one).
The biggest factor that gets people down and complaining is looking at "how much they are down" compared to the dollar. This is old system thinking. The dollar is not something any of us want to be holding. We would much rather have a crypto portfolio than fiat. A healthy crypto portfolio will have some percentage of stable coins. This percentage should go up as your portfolio goes up. This is volatility control. If my portfolio goes up 10x, that is awesome. If it then goes down 10x and I did not make any changes, nothing happened. If my portfolio goes up 10x, I should put some of those gains into something less volatile. This will secure those gains so when the inevitable dip shows up, you are ready!
There is the source
This is the source for the complaining. We got greedy and didn't think the run was too hot. We didn't put anything into something a little less volatile. I am guilty of it. I now have a small percentage of my portfolio in stable coins (I think we are going up, but I am ready for things to go down). When things double, I will put a bit more into stables... all the way up.
Conclusion
Forget fiat. Stack crypto. But know that fiat is less volatile, so use it to help your portfolio grow, and avoid feeling the need to complain because it looks like you lost some fiat value. Every day, it looks like I am gaining more crypto.
