Count your coins, not your USD equivalent.

in #steem7 years ago (edited)

If you are trying to collect something, don't worry about its price today.


Sure, if you are buying currency or ounces of metal, you want to know the price in $FIAT so that you can make an intelligent buying decision. But, the world is not going to end for you if the market price fluctuates.

Gold-CoinsInHands.jpg

Clarification: The world is not going to end for you if the price fluctuates as long as you haven't leveraged your coins




There are ways to borrow and lend against your collection of whatever it is you're collecting.

These ways are called derivatives.


Unless you have a whole lot of what you're collecting, getting involved in derivatives can ruin everything you've worked for.

So, when the gold/silver/crypto market tanks, unless you are already a trader, don't worry about it. "Water off a duck's back." Stay strong, and get ready to accumulate more for your little collection.

fin

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