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RE: Dumb & Dumber: How Not To Fall Into The Traps Of Becoming Crypto's Next "Dumb Money"
That truly is a big key to success in trading, well though out and well educated choices. When you get emotional or panic in anything you tend to make snap decisions and usually those end up being the wrong choice. I found a long term solution makes you not sweat the numbers so much. I used to sit there for hours and watch those charts every minute but now I just buy something, put it aside and check on it occasionally, since doing that and really reading about the coin I am way less stressed and making way better income. Glad you got something out of this, and really do appreciate you coming to be apart of our Slack today, really great to have you with us.
Thanks a ton! Glad to be there.
Back to your comment though I agree if you're basically constantly stressed over it you probably dont understand it at all. Or maybe just a little but not enough.
I used to flip flop around like that with my 401k until i actually learned what i was doing so i was not in panic mode. Now i check it like only every couple months. Long term money shouldn't need to be constantly monitored.
Not that i am a pro with that either but anyway. Have a good night
You got the right exact concept. I kind of do the same with crypto as I did with my 401K lol..you just find that one that you can invest in and feel secure to hold. That is where the long term real money is at. Steem is a good one for that because you can do something proactive to increase your holdings, kind of why I am more all in here. You get the idea, honestly crypto is no different then any other from of investing, just a little scary for short term investors, its the long term people that will sit back in a year or so buying homes and being fully free I believe. Yea I said goodnight a long time ago didn't I? lol I better actually hop off. Have a great one, we shall chat again
Lol yep, imma actually catch some zzz's myself here so I can go to work tomorrow and continue to contribute to the 401k. :p
STEEMIT is addictive
That it is, for me its pretty much become my full time job.