Time Tested Strategy To Buy This Crypto Dip

8 mo
LeoFinance
1 Min Read
249 words

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Crypto is on sale right now

Might not be a bad time to put a couple bucks into this opportunity to #BuyTheDip

Whenever you invest, remember these time-tested investing principles… 💰💰💰

5 Time Tested Investment Principles

  1. Diversify across multiple coins. You don’t want all your eggs in one basket. A 96% (standard deviation) diversified portfolio has 30+ different coins/stocks/investments. Majority of my holdings are in 5-6 coins, and then I have a few bucks sprinkled across 20-30 other coins. Some staples are: Bitcoin, Ethereum, Cardano, among others. 🪙🪙🪙

  2. Dollar-cost average your purchases. Nobody can “time” the market. Don’t go heavy all at once. You’ll beat the “traders” 80% of the time if you just commit to a nominal amount and buy it every week. That way your cost basis is averaged out among the highs & the lows. 📆

  3. Adopt a long-term mentality. Don’t even consider selling inside 12 months. And I’d actually rather see you commit for at least 5 years. If you’re aiming to get rich quick, you’ll get smoked every time. If your goal is to build some serious wealth over a relatively short season of your life (3-10 years), then make the investment.

Having a long term mindset removes most of the emotions of the highs & lows of the market. Emotional decision-making almost always loses. So stick to that long term vision & remain level-headed. 📈📉📈📉

Follow for Truth
@GualterAmarelo

Cheers to your Success

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Some words of reason in amongst all the noise :)

Cheers Gualter.

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You've got it my friend. The more we focus on increasing our income and investing for the long term the better off the whole community will be financially.

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Exactly, I have just written a post about why most investors lose money, even in bull markets. The 5 year period and longer is almost a prerequisite to succeeding in the Crypto world and yet many think they can rock up in the middle of a bull market and make bank...

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You are so right! There are many investors trying to 10x their portfolios in 6 months, but the most successful people I know are playing this game for the long term.

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Crypto currency is going to be in bullish trend by the end of December I can't wait to buy more of this token.

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I believe you are right! I've been buying more #LEO and #HIVE every week!

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That's investment

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thanks for the tips but the area of investing for five years seems like a very long time to me and I must confess that it is not really easy to wait that long. i believe discipline is everything

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You right! It all comes down to discipline and buying things you believe in for the long term. 🔥

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discipline has its own part to play and attaining such level of discipline isn't as easy as it sounds

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Having mind set of leaving your coins for years is the best investment you can't lose money on that instead you will have multiple income.

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I agree with you. The goal is to increase your streams of income over time!

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Yes boss

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