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RE: Musing Daily Questions 🐮

in #musing6 years ago

It is difficult to keep the faith with all of the controversies surrounding cryptocurrencies and the consistent price declines that we've since about January with some small rebounds that lasted an extremely short time. My advice would be to pick a few that you understand well and believe in, if you then decide you want to stay in, you should understand that it's a long term investment and all investments have ups and downs. Nothing in this world consistently increases in value without ever going down as well. It's the nature of any free trade market. When markets are low, people tend to buy and hold, when markets are high the experienced investors will look to sell while the less experienced investors will think they're missing out on something extraordinary in generally buy in at the higher levels only to see the prices drop as the more experienced investors start to sell and realize their gains. Hang in there, stick with it through the down times, and at some point if you remain liquid you might just find yourself in a better position. I've also noticed slightly that since the inception of cryptocurrenciess it does seem that it runs about a 3 year cycle where there's some significant down times but then after a few year period there tends to be a significant jump in comparison to the usual carry values.