As A Long Term Investor You Have To Be Fine With Volatility
As a crypto investor you have to have a crypto goal, it could be accumulating 1 BTC regardless of its price whenever. This means that you have to keep accumulating as much satoshi as possible without bothering about the price of BTC. If your goal is to accumulate 10,000 Hive or 10,000 HP over time, you have to constantly buy Hive till you reach your goal. We all agreed that crypto is the hedge against inflation right? This means that as long as you are choosing the right crypto in terms of utility, long term goal and sustainability, you shouldn’t let the dollar value at the moment discourage you from accumulating more of it, no matter the quantity. Crypto is an asset and a technology that is currently changing the financial game, its building wealth and also destroying wealth.
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How will crypto likely destroy wealth? Crypto works with transparency, even though we have some Zero Knowledge blockchains that proves a transaction was true without showing details still shows some details that confirms a little bit of transparency. Wealth that was built off the foundation of corruption and little to zero transparency might likely get destroyed. This means that the longevity of crypto is quite assured, as we are seeing a lot of crypto projects come up raising huge amount of fundings and creating utility that solves certain problem. So if you are investing in any crypto asset that seems like it has long term sustainability future, then as an investor, volatility should something to be fine with.
Dollar cost average in is the best way to accumulate, with a stable means of income you can afford to constantly dollar cost average and achieve your crypto goal. Crypto is predicted to overcome the value of fiat and also its adoption, so there will come a time where the value of crypto in fiat value won’t matter but its value in another crypto like BTC. So keep accumulating those crypto and be fine with the volatllity as a long term crypto investor.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Thanks for the post.
Setting up a goal is the key to achieving greatness in all you do.
My goal is to strengthen my Hiveblog account, increase reputation, get large Hivepower/tokens and contribute greatly to the Hive Eco system.
that is nice, i will love to see you work on that
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