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hey @rvz - appreciate your feedback. This is a community for long-term investing (crypto is just one piece of this, plan to offer a stocks course later in 2021
by karnie6 5y ago
hey @rvz - appreciate your feedback.
This is a community for long-term investing (crypto is just one piece of this, plan to offer a stocks course later in 2021).
To me, long-term investing in crypto (which may seem outrageous to some) is 1) having conviction that core protocols (Bitcoin, Ethereum, a few select others) are going to increase in value over the long-term as crypto eats the world of finance, community, marketplaces, etc, and 2) holding those tokens for long periods of time. This is not about HODLing random "shitcoins" (like DOGE) just to be a meme.
There were definitely ppl evangelizing crypto in 2018/2020, but of course they werent the loudest. In any event, if you can take profits and buy the dips - more power to you.
For me, I've found that being a long term holder of anything (crypto/stocks) and riding out the mania/crashes is 1) less stressful, and 2) ultimately more lucrative.
Appreciate the feedback tho!