Crypto Holding Challenges

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Experts are right as they believes, we should invest as much we afford to lose. But I say invest as much you can afford to hold for long time. Crypto holding can be challenging if you invest here your all earnings and saving because you were excited to gain big. Who promised you here that you’ll gain big? Experts can predict but that doesn’t necessary to be correct all the time.

If you invest your all money here, you need to prepare your mind for long time hold or else follow as experts say, invest as much you can afford to lose. Financial fight can be toughest for you and who wants debt in life? Honestly, I'm strictly against taking loan and I don't have anything to show as security when ask for any loan. Finance can be complicated and challenging when you are overconfident on you investment.

Many investors has misconception that crypto can be a easy money making scheme or making profit on investment overnight. Be practical and logical, crypto market is definitely a good source where we can invest but it doesn’t promise anyone to make him rich overnight. Bitcoin is a safe and trustworthy crypto coin to invest on it but it doesn’t promise to make you rich in over night.

Recently I saw a social media post where a boy sharing his profit amount from crypto investment though he didn’t mention how long time it took to make 3x-5x profit in his local currency but he shared his positive experience to encourage investors. Wise investors always invest his extra money for any kind of passive income that he can afford to lose or maybe hold for long time.

My current status is holding crypto for more than a month and the gain I'm expecting from it doesn’t worth the waiting. If my investment bring $50 dollars of profit then it doesn’t enough when I'm waiting more than a month. Sake of avoiding loss the waiting period could be longer. Here constantly risk taking is also not recommended because that has high risk with loss or lowest gain.

See my intension is not discouraging anyone who invested on crypto. Just talking about the challenges we may experience when invest like a blind and trade crypto like gambling. So what to do? Select the right coin at first, like bitcoin is recommended if you can afford. Meme coins are also good but personally I don't recommend it. Next invest half of your total asset because your financial stability should come first and be ready for at least a year to hold.

Trade crypto at your own risk but make sure your trading will doesn’t cause regret. Crypto challenges can be easy when you trade it without any rush and having no financial crisis in personal life.

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