Lately in the crypto space we are welcoming more and more investors into the market.
This is a good thing but at the same time it does have its negative effects aswell.
New People that have entered the crypto market have done so because they have heard about all the new millionaires and the possibilities not only financially but with technology aswell.
I speak to new traders every single day that are after my advice and a lot of them seem to expect everything to happen overnight.
Sometimes tokens I have recommended have rewarded people with 1000% gains in 1 day but obviously it's not always so easy.
If it takes a few weeks or a month to double your investment that is nothing if you compare it to investing your money in anything else in the world.
I think it's great to be optimistic but you need to be realistic at the same time, some people are getting 50k loans from the bank to Invest in the market before they have even learned the basic things about it.
When the greed within the market stabilises so to will the prices. Everyone that gets into this needs to remember that the volatility is what makes the rewards so great, we have to take the good with the bad.
If your portfolio is looking grim when you wake up in the morning, do yourself a favour and put it away for the day and take a break.
When you check it the next day more often then not you will realise it has gone back to or above where it was previously and if you had of been checking it all day the day before you would have been stressing out for nothing.
Play the long game and gather what short wins you can in between to increase the depth of your portfolio