The art of rowing against the current

January 14, 2022. No. 127

On many occasions, we invest in cryptocurrencies, projects, tokens, and NFTs, where the price is really high. We are mechanized to look for successful projects and we end up doing the opposite of what we would do in the real world: Looking for better and cheaper prices. When you go to buy something in the real world, you always look for a more competitive price, cheaper, as long as the product does not lose quality. Here in the virtual, we generally discard those projects with cheap prices and look for those where the price is high to enter at that time.

This is known as: Buy high, sell low. A big mistake for everyone and especially for beginners in the world of cryptocurrencies and investments. Not having a clear idea of ​​what you want or having very little knowledge about it, mixed with a lack of interest in researching and doing DYOR for yourself, then you end up regretting it in the future.

"The price you pay for going with the flow can be much higher than the price you pay for challenging it."

If you wonder how many are successful, it is simply because they are the first in many things. They do their research and take a risk with the capital they can always afford to lose. Who enters a project with $5 USD, does not risk as much, and obviously, his profits are not the best and it will take a long time to see them. If you enter with $100 USD or even $500 or more than $1000 USD, the risk is higher, but you would be generating a lot of money every day. If the token is in its initial stage, it will cost very little, just a few cents per token. Perhaps a few weeks or months later the token will increase in value and not only would it double your initial investment, it could also get an extremely high % out of it.

Like when BTC was just a few cents or a few USD. Or when 10 years ago entering a faucet and getting 1 BCH daily was something very normal. How many will now be regretting having sold their BTC in those early days? So the feeling is always to go the other way. A few years ago, I was in freebitcoin full-time. I even got up in the morning every 1 hour to click Roll. I still remember when I spent a lot of time trying to find the trick in the HI-LO game and how to beat the computer and its AI.

Buy a token or an NFT for fun and the price of both drops precipitously, then you start criticizing and offending whoever gave you the idea. It is always necessary to be active to find the exact moments to be able to buy. No one knows for sure when the ATH is or when it will bottom out and rebound. The charts are very complex and traders do not have the last word. The external market and the users who are buying or selling are the ones who can modify the chart, as well as companies, large corporations, and whales.

You look at the news or just at your friends who are having success and then you want to buy and enter right then and there. The price is increasing considerably this draws your attention. The big difference is that person who is in from the beginning and got the token or crypto at a super cheap price. After a few minutes, it will not be so easy.

You may believe that the risk is less. Everyone is buying and you want to enter. You are not doing DYOR and you are following in the footsteps of other users. You have to make your own decisions. Listen and learn from others, from everyone who can teach you and you have to pay attention to it.

Do not buy thinking that the price will rise more. Do not sell thinking that the price will drop more. Control your emotions. Look from the outside and analyze everything. Look at the graphs and try to figure out for yourself if there are any possibilities. Success awaits you. Imagine buying a token when the price is at $0.001 and in a few years, the price goes up to $0.1. The increase is crazy.

The topic of this article is a reference to the YouTube videos of "There is no free lunch", in the video where they precisely touch on this topic.

You can do it…

The video is in Spanish. You can use subtitles if you wish.

Thank you all for reading me today. Please, if you liked the article, don't forget to press the thumbs up icon "Like".

See you tomorrow. To infinity and beyond.