Drown out ALL of the noise, the good, bad, and the ugly. Forget charts, pumpers, and pipe dreams.
Ask yourself right now: do you REALLY fundamentally believe in crypto's future success, deep down, as in it's an obvious new frontier?
If you find yourself nodding that it's following the same adoption curve that the Internet did, and that it's a once in a lifetime opportunity, are you invested enough to benefit from your vision, faith and patience?
If not, how much regret can you stomach if you were too afraid, casual, or lazy about it?
I know that I'd kick myself to the curb if I snoozed on this, so I haven't. The upside is simply astronomical versus the downside risk. It seems and feels obvious to me from any angle.
Among countless other signals, younger generations are taking classes on blockchain, governments are warming up to it, and businesses have been building entire departments for crying out loud. That's crypto spreading its wings to me.
Let freedom ring...
If you're maxed out and can't imagine dropping another penny into crypto, congrats, buckle up, and let's hopefully enjoy the ride. That's called giving it your all. IF things work out, people will see you as one of the lucky ones who got in while the rest of the world was too busy photoshopping themselves and scrolling through fleeting stories.
It's not about being aware here and smart to know what's coming. It's more about taking proactive action to share in its success, not being on the sidelines because of fear.
So if you ARE AWAKE to see the writing on the wall, how good will it feel in the end? How many spouses or significant others will you be able to proudly proclaim victory to in light of years of eye rolling?
^-- I'd say pretty damn good. Life-changing good...
*Of course this involves a smart scaled exit strategy and risk management, not just holding.
Investing is risky and completely personal. Everyone is different. However, not every investment opportunity is the same as crypto.
A win is a win if you have anything invested in the smart crypto picks, AND if the blockchain space succeeds, but how much do you want to win? Are you complacent with extra pocket change, or do you want to make potentially one of the smartest moves of your life... that could substantially change your life? If you have the means, do you want a few thousand or to cross over into the millions? This feels like the best chance I'll have.
(In my view, that odds of it changing our lives positively greatly outweighs the odds of it changing our lives and finances negatively if crypto busts.)
I know my position. Failure is not an option on my doing, but if things don't go as we hope, I won't blink as I pursued what I firmly believed in all the way. I go the extra mile and don't quit, so this is par for the course.
Slow down, Matt..
Crypto is highly volatile and they move violently from euphoria to panic. Regardless, if you've invested at or near the bottom of price levels, you're as safe as you can reasonably be from losing ground on your outlay. Those who buy on huge green runs are playing with fire to more of an extreme, but all-in-all, these all may be fair moves today if one holds for the long run and averages their cost over time. Zoom out. Think in years. Imagine a respectable portion of the world using and valuing crypto... and proudly relax.
A little bit about my crypto story:
I've personally gone through a major bull run from the bottom, to the top, to the bottom again. Now here we are and I'm light years more prepared for the next one. I've become nearly desensitized to the price action that used to make me sick to my stomach. I frankly don't care about the price unless I'm looking to tack on to some positions and round off some numbers. I subconsciously want prices to drop so I can grab my monthly tranche before things get to be too expensive to justify in comparison to initial entry.
The key to getting through that price sensitivity barrier was to think in crypto and future adoption, not ever-changing snapshots of fiat value.
I admit that I've never had a lot of Steem, by choice. Since month one, I made this ridiculous deal with myself not to buy any so I could learn the system from the bottom up. Since then, it's almost become a mental block because I've already come so far, might as well continue.... As I sit at exactly 7,000 SP manually earned through hard freaking work, I regularly debate whether I should scale up. After all, I know the people, the ropes, have made the trips, etc.. However, I'm very emotionally attached to my philosophy and core holdings as I've kept them offline for years now.
Only one thing will make me break my mold: paying crypto forward to underprivileged people around the world who NEED the support.
Yes, my main priority of powering up a large amount would be to share the SP with those who could use it to live, literally. Leveraging my stake for curation or command of voting weight is of no interest to me. I simply want to help others. That's what Steem has always meant to me. I hope others can ultimately get to that point if they realize that giving is better than receiving. We're all one human race, not digital wallets.
I have never really felt a sense of urgency to trade for Steem because many tokens are coupled in that they rise and fall together. Sure, there are ideal points where I could leverage individual spikes or drops to maximize the Steem I get, but in the big picture, it'd be enough to do what I want either way.
Theeee end:
Above is my story. If crypto goes ballistic, I'm fairly confident that I'll be at peace knowing that I've gone for the grand slam. I could've gotten in earlier or bought more here and there, but at this point, I'm doing everything in my power to maximize my opportunity at hand. I see the 98%'s from ATH's. I see the tidal wave brewing.
But, if crypto backfires, I won't even blink because I gave it my all. That's the beauty of being at peace with things.
If you're not in the same mindset or position, why not?
If you're here on Steem and in the cryptosphere daily hoping for crypto to moon because it's the future, why wouldn't you take advantage of your first mover position and fully capitalize by embracing some more risk?
This is not financial advice, just my personal thoughts. It's been years since I've gone to bed worrying about my financial future because I sleep soundly knowing that I've put all my cards on the table to pursue what I firmly believe in. This is after quitting my job almost 5 years ago to work for myself. Instead of worrying about myself, I try to educate my friends and family so they're not clueless if and when blockchain/crypto takes its next big stride forward.
Oh yeah, buy low and sell high, or something like that...
And make sure you have a big enough boat will ya??
Thanks,
@steemmatt