If you don't like volatility, you can buy stablecoins.
It's been a couple of rough weeks for the crypto game, or at least that's what the majority of crypto investors seem to think. Can't blame them, I know that waking up to a bleeding market is not exactly what you would call the best feeling in the world, but I think we need to learn to be patient. Crypto has definitely spoiled us all a bit, and the fact that we are talking about ''bearish movement'' and ''corrections'' when in reality the market has grown by approximately 400% over the last 12 months is all the evidence you need that all this FUD doesn't really make sense.
I've said it before and I will say it again: at times like this, it pays to just zoom out and have a look at the bigger picture. This is the market, and this is exactly the way it has been moving since the very beginning. We are talking about volatile assets, so they're going to go up, and then they're going to go down. Rinse, lather, repeat. As a matter of fact, this is the kind of stuff that has enabled so many people around the world to generate massive amounts of wealth in relatively short periods of time, especially considering how it all started less than 12 years ago.
Which is why I do not understand why we are all so prone to panic and anxiety. If you ever catch yourself drowning in an ocean of uncertainty during the red times, then it's highly likely that you have invested way more than you can afford to lose. Overexposure is a very bad thing, and developing healthy investing habits should be one of your top priorities if you decide to embark on this crypto journey. I know you've probably heard stories about crypto-lambos and people who managed to retire on fancy islands thanks to crypto, but trying to become a millionaire in a few months time is the kind of stuff that will not allow you to escape poverty.
Patience is key.
If you don't have patience, you will not be able to reap the reward of your efforts. The people who made ridiculous amounts of money through their crypto-related activities didn't invest all the money they had in the world, and most importantly, they didn't keep checking the market a hundred times a day. You won't be able to hold once you do a 3x on your rent money, just like you won't be able to hold once you witness a 20% decline on your life savings. In both scenarios, the market will most likely give you a beating, because nobody can be happy with a 3x if their assets do another 25x after they hit that sell button.
This is human nature, and missing the chance of a lifetime is a hard pill to swallow, even if you've made some money along the way. In order to play the game correctly, you have to follow specific principles, and never investing more than you care about is probably the most important one. The people who tasted the sweet 1,000x or 10,000x flavour all have one thing in common: they got them and forgot them. They bought their assets, stored them somewhere safe (offline), and let father time do its thing. This is the remedy for success in this crypto business.
Now, the truth is that you don't even have to score such a huge win in order to appreciate the ever-growing cryptocurrency industry, as it has already provided us with numerous ways to generate income from home without needing an employer, and this is something that we need to be talking about more frequently. People are nowadays in a position to earn money by blogging, mining, curating, handing out free tips, consuming content, listening to music, staking, farming, watching ads, doing all sorts of tasks, etc. I could go on for another two paragraphs, so I believe you get the message. Wealth is awesome, but being able to put food on the table and make ends meet with just an internet connection is a big deal, especially in today's world.
This is a crypto world.
Taking everything mentioned above into consideration, and also considering how the internet has unified all our means of communication and taken over our lives, I think it's safe to assume that the internet of money is destined to do the same. The crypto game is here to revolutionize the way we communicate value to each other and perform transactions on a global scale, and this is going to become a lot more obvious once more countries decide to follow El Salvador's example and bring cryptocurrency into their mainstream financial system. The crypto space now has roughly the same amount of users as the internet had in 1997; it's still early in the game.
The space has been growing exponentially over the last 12 years, and there's still a long way to go. The vast majority of internet users do not even have an email address they use on a regular basis, but the world is now changing at a rapid pace, and the ongoing financial crisis is acting as a catalyst for change and cryptocurrency adoption. The corrupt central banking system is slowly dying, and the crypto industry is here to put the nail in its coffin. We are now moving towards a fully digitized future full of unemployed banksters, so don't lose hope during the red days. HODL your assets and be patient. Your future self will be thankful.
I appreciate your attention,
