CRYPTOCURRENCY INVESTMENT ADVICE ABOUT YOUR EMOTIONS
Cryptocurrency investing will amplify two of your emotions, FEAR & GREED. You must learn to control these emotions if you are going to have any long-term success. Think of why you made the initial investment in a coin and if it hasn’t changed then don’t be swayed by your emotions.
FOMO – Fear Of Missing Out – fear that you are missing out on a fantastic opportunity to buy a coin and make lots of money.
FUD – Fear, Uncertainty, Doubt – spreading negative or false information about a coin to get people to sell.
HODL – Hold On for Dear Life – hold coins you believe in as a long-term investment through their inevitable price corrections.
REKT – Wrecked – losing a large amount of money on a bad coin investment.
“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.”–Warren Buffett, Berkshire Hathaway 2004 Chairman’s Letter
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