In as much as the crypto market is now becoming an inevitable part of the financial world ,there are important things that need to putting into consideration before dambling into crypto projects.there is one important principle to always keep at the back of your mind when investing in crypto.of course crypto is a very profitable business but that doesn't mean that immediately you jump in you start reaping or harvesting from the market,you need to be patient because the crypto market is very complex because during the time of your investment alot of things happens which could either be in your favour or against you.
THINK OF LONG TERM INSTEAD OF SHORT TERM.
Durinng crypto trading or investment,its always important to have the long term mindset in order to avoid stories that touches.having a long time mindset in crypto goes a long long way in saving one both financially and psychological pains,most time short term investment could go wrong because of unforeseen circumstances and when it happens it could result to mental break down.
The recent bear run that we have been having for months has actually proven why it's a bad idea to think of short term during investment,the bears has been dominating the market now for several months,so for those that invested thinking that withing a short period they will start cashing out must be making a great mistake,sometimes short term could favour you but in most cases its always a regret.the pain of short term could be very difficult to bare. .