The Psychologic Strategy That Makes Me Not Trading Crypto, Just Hodling

I’m not a financial advisor, so you should do your own research. Always read both sides of the barricade.

One of my Medium friends, ScienceDuuude, has another entirely different perspective about Bitcoin. You should read his opinion too.

Although we have opposite opinions, it doesn’t mean we don’t respect each other. On the contrary, we admire each other very much.

Never forget, in the investment world, luck and risk have an enormous weight in our decisions, especially in the bets we make in the long term.

In some of these bets, we are going to be correct; in others, we will be wrong. The main thing, in a world where currencies depreciate with each passing day, the important thing is to look for efficient ways to value your time, energy, and, therefore, your money.

Like Warren Buffett, the best options won’t be known until 20 or 30 years from now. It’s hard to live with this idea because we live in a world where everything happens at the speed of light. But in the investment world, anyone who wants to believe in get-rich-quick schemes quickly falls to the ground and never gets up again.

Mother Nature has taught us for centuries that we have to sow, to reap later. But some trees take decades to grow and flower. So, as the young Warren Buffett so early realized, at just 17, he began to hoard. Only at age 65, Buffett truly began to reap the rewards of his labor.

I think I’m sowing the first seeds. I’ll wait patiently later to reap the rewards.

Some bets will work, others will miss. But if I’m not in the game, then yes, I’ll be sure that my time will be devalued, my energy will be neglected, and my money will disappear.

I want to be on the right side of this currency war.

What about you?

This article is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions.

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Source: https://medium.datadriveninvestor.com/the-psychologic-strategy-that-makes-me-not-trading-crypto-just-hodling-a46ee4092f6d?source=rss——-8—————–cryptocurrency