Patience Is Always Rewarded
Personally I am achieving far more than I did 4 years ago as I have established targets for my crypto portfolio.
The one thing I have learned being in crypto is that you need to remain patient and keep focus with regard to achieving targets. The market will almost in most cases retract and comeback towards you. This is where having patience really pays off and not allowing FOMO to take over. Easier said than done in the heat of the moment and this takes time to learn and understand.
A prime example was late last year when COTI was at $0.66 the lower staking APR offering was worth just over $200 per month for holding 25000 coins. I was nowhere near my target and contemplated selling other crypto assets to speed up the process. If everything stays as it is for now that target will be reached sometime in October with no FOMO involved. A year later but still the same result has been achieved as the target remained the same with no time element involved. The difference is the price is now 5 x cheaper than back then and you cannot get caught up in the hype.
The crypto cycles are great for building value and why we must always use our head and not our heart when it comes to making these decisions. If you are determined and consistent your goals will be reached at some point. Everyday is just another opportunity to move forward chiseling away at your targets.
HIVE and Leofinance have been the perfect base to learn and home these skills as this is what we do every single day. It was not that long ago I was cursing not having enough Leo when it was 4 x the price of HIVE and now look where we are. Leo will bounce back and there is no FOMO required as the stake is growing on it's own.
It is quite amazing to think back how our buying processes have changed and this is all down to experience and knowing with a little patience a buying window will open up somewhere. We somehow always know when we normally buy the price drops and when we sell the price always seems to rise. The buying using dollar cost averaging always works if you are looking for along term hold. The value in the coming years will far outweigh what you paid and this is a far better investment strategy.
Understanding that FOMO costs you in the long term and is why you need to ignore the noise and not get sucked into the social media frenzy. Setting goals is important for ones growth as it not only keeps you active ,but also in the zone. Someone who has clear targets will always achieve more than someone who doesn't.
Posted Using LeoFinance Beta
