Good morning, Pub! Hope you’re having a GREAT weekend.
The past few weeks I’ve been trying to do some shorter term trades, some with significant amounts of money, and you know what? I’ve realised that I’m not that good at it, and, it’s much harder to hold your nerve with coins you either haven’t fully researched or don’t fully believe in.
This has been a great learning process for me because it’s made me realise that, primarily I want to be a HODLer. Sure, I will still have a bit of “play money” to try and keep learning about shorter term trading. But, I do think that it can be a very dangerous game. Especially emotionally!
So, I did a little activity yesterday, thinking about the longer term HODL.
I went back to coin market cap one year ago and pretended that I had put $1000 into each of the top 10 coins back then. Here are the results:
I was just BLOWN away by the gainz!
It really does go to show how short-sighted we can be in the crypto community!
I know the haters might say we won’t see those results again, and they might be right. But I’m not part of this #cryptonation because I’m an unbeliever!
I’m going to be backing the coins I believe in and gearing up for the HODL!
Are you in?