There is an endless amount of information about planning and managing stuff and mostly, it is not hard to come up with a plan. The hard part is when your plan goes sideways and you have to find a solution to a problem that you did not know would be there when you wrote your plan. It is when your creativity and determination come to work. Will you manage to overcome the obstacle or will you give up?
"Everybody has a plan until they get punched in the mouth"
- Mike Tyson
Photo by Birmingham Museums Trust on Unsplash
If we take this perspective and look at the crypto-verse, we can see similarities. When times are good and cryptos are going up, there are many people praising blockchain and how it will change the world we're living in. They're also saying buy the dip when it comes!
But then, when the dip comes, many people simply sell their coins because of the fear that they will lose their hardly earned (bought) tokens. I have to say one thing - you're not losing until you're selling. Even if the price of a token is falling, you still have the same amount of tokens. Unless you sell them in panic, you're not losing anything.
Of course, I'm talking about projects which have a solid foundation, a community, and a team of developers working on it. If you invest in shady DeFi projects, you're on your own, and a rug-pull can happen at any moment. When you invest in a real project (which you've researched), you won't have to worry about dips because you'll be looking at a long-term goal.
Many people are waiting for the dip to come but once it comes, they're too scared to go in because: ''what if it keeps falling?'' I have the same answer for this one. If you're looking at a long-term play, dips will only be like a Black-Friday sale for crypto. If you're looking for short-term gains, I can't help you because I have both, good and bad experiences with it.
The only thing that matters is how you deal with the obstacles on your way! If you're passionate about a project or a topic, you won't worry about a problem. In fact, you'll be excited to deal with it and go one step further in making something great! I know it's in you, just have a little faith!
Thank you for reading, my friend! Until the next time, our paths meet!
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Because most of people are shilling (knowingly or unknowingly) or looking for some quick profits. When they see downtrend, there dream of quick profits vanishes and they sell quickly. Shillers never understood the project so they also leave.
Only believers take the advantage of "buying the dip".
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True words! Thank you for reading!
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I think we will always have people buying into stuff because of speculation rather then actually believing in it. But I think you will have more success in the long run if you only put your money in stuff you both understand and believe in.
Exactly what I think! Thanks for coming and reading my ramble and have a nice day ahead!
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It's funny how you said you are on your own, in other words, OYO.
But you are actually saying the truth.
Many people tend to praise a particular project when it's booming but when it starts sinking deep, they all forget how they used to praise it.
While others are waiting for when it will dip for them to buy more.
You are right about the losing end, it's only fear and panic that makes people rush and sell their token at a very bad price.
The truth about crypto is that it will always fall and rise again. Its only in one's hand to decided whether to sell it at the rate it is at a particular time or hold it.
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Exactly how you said it! Thank you for reading, I really appreciate it!
Have a wonderful day ahead!
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