Crypto Lessons and Revisions
Lately I've been riding the emotional currents caused by the crypto bull winding up for its run. I'm glad to see that I'm less affected than in the past. I've clearly become more accustomed to market volatility.
But there are still those familiar feelings of grasping at gains, regretting profits taken too soon, and feeling a little of missing out on coins I just can't be bothered to research adequately to want to invest in them that, nonetheless, show sick gains for those who did invest.
If I Had It To Do Over
I'm still committed to remaining focused on just the dozen coins I currently own, despite many new contenders for my attention. If I was entering the crypto market for the first time right now, I would own only 3 coins, BTC, ETH and HIVE.
I would do BTC because that's the boss, and you definitely invest in that.
ETH because it's got soooo many dapps being built on it.
HIVE because it is uniquely in active use yet fairly undiscovered. Plus I actually use it myself, and it's good to have some crypto that is more than just an investment.
Looking at profits in my current portfolio, I can't be mad about buying so much LINK at <$2. I can only be slightly annoyed with cashing out my entire initial investment between $10-15, seeing it now at $20. It's just greed that gives me any dissatisfaction there.
But again, if I was entering the market as a newbie now, I wouldn't buy any LINK at all. That's because it's just pretending that I would buy only that one winner. Really I would buy LINK because I'm buying altcoins in general, and would be bound to buy more losers than winners. I'd also have to keep track of the news and developments on all those coins to know when I need to take action with my investment.
I've discovered that after a couple years, the fascination with keeping track of all that subsides, and I wish to simply know a few coins very deeply.
What Would You Do?
If you were entering the crypto markets for the first time right now, what would you buy and why would you buy it?
This isn't about shilling what you currently have. I'm asking what you would do differently now, knowing what you've learned to date and trying to cast yourself in the role of a new crypto investor who had someone teach them all that.
Would you forgo some gains to simplify things, and also possibly avoid some losses as well?
(All text and images (except the AT logo) are by the author, unless otherwise credited. This is original content, created expressly for HIVE.)
New to HIVE? Watch the Getting Started Video Tutorial: Lesson 1 - Getting Account & Essentials Lesson 2 - Participating Successfully Lesson 3 - Money Matters Lesson 4 - Useful Tools & Features
Posted Using LeoFinance
