Ignore The Noise When You Invest In Cryptocurrency

There are some people who call crypto nothing but a fad, it will go to zero. They think it has no value. You might get scared investing in crypto and seeing the sudden crash, it seems those guys may be right. The thing is, there are always some people who say No, no matter what you represent in front of them. In the past, some people said the internet was a fad.

When the crypto market looks bearish, you may not see many people talk about different coins and how they will go to the moon and then land on Mars. But when the crypto market changes its color from red to green, you can hear a lot of noise. You are on social media, you see a lot of people talking about investing in particular coins and how much money they make in a couple of days.

When you make any investment in cryptos, don't get distracted by noise. This time crypto bull run is different. By the way, it was assumed that Bitcoin would hit 100K. It has not happened yet. If the crypto market looks bearish, it might not happen any time soon.

If you make your investment based on someone else's analysis, you may not do well. For example, if you make your investments in crypto out of FOMO, and assumed that BTC would hit 100K soon, you can easily guess what your portfolio would look like now.

You can definitely see others' analyses, how they make investment decisions and manage their portfolios, but don't put your hard-earned money somewhere only following what they say. You may not know their exit strategy. They can invest in particular crypto and make money, maybe you are taking entry while they are exiting from that asset. Even though it is good to invest in that crypto, your timing is not right, so you end up losing money or holding the bag till now.

As far as I am concerned, no one can tell you for sure exactly what will happen in the future, regardless of their expertise in analysis. If you follow someone blindly when it comes to investing in cryptos, you will not have anyone to blame except you.

Frankly speaking, the way you take care of something that you own, no one will take care of it the same way for you. Do your due diligence and then make your move to invest in cryptos.

Thank you for reading this post. Please feel free to leave your comments. I'll be back with another post.

Disclaimer: I shared my opinions in the post. This is not financial/legal advice. Do your own research and analysis before making any investment.