The Calm After The Storm

It’s been almost a week since the brutal crypto market price crash, that got lots of crypto investors scared. The whole crypto space focused on the dip, nothing mattered at all, I am sure that even if Amazon announced accepting bitcoin as a means of payment, the crypto community won’t care like they would do 2 months back. Just when we were celebrating the crypto market cap at $3 Trillion, it dipped to $2 Trillion, and just when I was thinking there was still hope, we can still take it up to $3 Trillion it dipped further and the last dip brought it down to $1.2 Trillion.

The dip can be really devastating because, in as much as we always scream , HODL!!! It’s just a dip, buy the dip, I can’t help but see how unpleasant the red color is during the dip. Of course that’s only when you long a coin, but if I wanted a project or coin to short, the red color becomes really beautiful in my eyes. It’s annoying that you do your own research on a project and you have high hopes for that project, the project starts doing so well, all of a sudden, bitcoin dominance dip becomes an issue and you see the value of your portfolio tumbling. When I tell my non-crypto friends what’s going on during the dip, their first reply is always, withdraw all your money now before it goes to zero. Well, you can’t blame them, they see crypto as a gamble, while I see it as an asset for the long run.

This is how people lose a lot of money in crypto, they buy at the peak and sell at the bottom, that’s like giving out free money. But they won’t understand until they get involved in crypto.

I have come to realize that most times, it’s not the amount of money a man has in his bank or in his wallet that makes him feel rich or wealthy, but the confidence of having a sustainable means of income is what makes them wealthy. A man can have $10,000 right now and not feel wealthy because he doesn’t know where his next $10,000 will come from. If he spends the $10,000 on bills and everything essential in his life, he is back to being a man without $10,000. But a man with a sustainable source of income can have $5,000 and feel wealthier than the man with $10,000 because, at the end of the day his income will sort his bills but he has an additional $5,000 he can play with on any investment he chooses to.

This is the reason I am into crypto, to create an everlasting source of income that I don’t have to worry about where my next income will come from to pay my bills and afford the basic and essential things in life. We are in the early stage and taking full advantage of it is the best advise you can give to yourself right now. Let’s enjoy the storm coming with being an early crypto investor now, while we wait to achieve the financial freedom we are seeking to achieve.

Posted Using LeoFinance ^Beta