BTC, ETH, LTC- the "Big 3" players in the cryptocurrency market have been on absolute tears upwards within the past few weeks, or the past year for that matter. But that is hardly news to those of us whom frequent forums and sites such as Steemit. For some time now, we could extrapolate the viability of these asset exchange mediums by understanding fundamentals in asset transfer, and the need for a secure method to transfer funds without prying eyes of big brother. The speculation lies when the diffusion of this technology would enter the public mainstream realm and take on a life of its own.
Well that time is pretty much now. As of the publishing of this article, BTC =$17,600, ETH= $600, LTC= $300, with no signs of slowing down. The CBoE just listed Bitcoin futures on their exchange, following shortly by the CME, adding further to the viability of cryptos, and another upward spike of value was in play. All would seem rosy, if you caught onto the trend and bought into or mined frankly any major cryptocurrency in the past.
However, if you were risk averse with low cash flow, like me, you missed out on this large jump in valuations. As we speak, people are even taking mortgages on their homes to purchase cryptocurrencies!
The first major rule in investing is to separate the emotion from trading. Don't beat yourself up over missed opportunities, but use them as learning experiences for the future. I have yet to adhere to this fundamental lesson. I find myself feeling remorse and transitioning down into a deep depression to the point that it's literally engulfing my thoughts. Sleep helps. The chance that I could've improved my family's quality of life has taken a major hit, and I find it tough to pick up and keep moving on. But hey, I'm still alive and breathing :).
Have you experienced similar feels?
Until next time...