Which one is you???
The ongoing downtrend in the crypto market is confusing people in several ways. Which is making some people panic, resulting panic selling while some are taking the full advantage of this down market and scooping up their favorite coins and filling up their bags. The elephant in the room is, "WHICH ONE IS YOU?"
Over the past couple of years, I have learned very distinctive ways of making assets in crypto market. Some ways were harsh as I had to loose a lot along the way, while some of the information were for free but I had to Hustle and grind a lot. Either way, as of now I am slowly getting to understand what it really feels like to acquire those knowledge and be a better version of yourself than you were.
Crypto is what you want it to be?
I was having a chat with a friend of mine the other day who started investing, researching in crypto for a very long time. But his last words about crypto were, "Crypto ruined his life"! For a moment I was surprised, when he said those words! Probably he was in a position where he felt it that way. But to my aspect, I have to admit, Crypto was a blessing for me! The turning point of my life happened due to crypto.
One of the main reason for my friend uttering those words were choosing investment projects without doing any sort of researches. Investing in the mindset of getting quick returns. Although I am not saying getting quick returns are not ok but what I am referring to is getting quick money involves risks thus loosing money. I am better off with getting slow money than of losing my entire money.
Will I buy in this down market?
Well, let me ask you a question! When do you think is actually a good time to invest in crypto?
One of the veteran in crypto that I know of said in a boasted way, if you do not buy in the DIP, when are you actually going to buy your fav coins? Are you going to buy them when they are at the peak?
I would definitely buy some of the coins which are at my watchlist. Some of them have fallen to the ground, which makes it even more lucrative at this point. I am slowly grabbing them as much as I can. In my recent investment I have added a VALIDATOR NODE of Splinterlands in my portfolio. My total cost went upto $3000 worth of assets to get a hold of a validator node. I am aware of it is a long time investment and I am quite ok with it. In fact whatever coin I am buying atm, I am planning to hold them for a long time. Just in case, if you want to get into Splinterlands, referal link is dropped below!
From my point of view, there are two ways to see the market right now.
- Almost every coin is at a discounted price
- You wait for the bull run and buy at a higher price
Just saying out my opinion at this point. So WHICH ONE IS YOU?
Best regards
Rehan
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