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Why Persisting in the Crypto Market is a True Test of Patience
And can teach you some valuable life lessons
I felt a range of emotions when we hit $100,000 for Bitcoin last month, and I’m sure you did, too.
— Relief that we finally made it.
— Anger and disappointment for not buying more when prices were significantly lower, and frustration towards those who have refused to listen to me for over seven years.
— Euphoria after hitting this incredible milestone that remained a pipe dream for most of Bitcoin’s existence.
Above all, I am grateful to those who’ve brought Bitcoin and altcoins to my attention and self-appreciative for sticking by this through thick and thin.
Much of this boils down to two things: Patience and perseverance.
You can tolerate any market if you can withstand wild price fluctuations and brutal bear markets (yes, plural) in this asset class.
I understand much of this applies to emerging stocks that take years or even decades to gain significant traction.
However, digital assets’ highly volatile nature can make investing in them an emotional rollercoaster, particularly when you’re heavily invested in this space.
I’ve told people with heart conditions, especially those who are very risk-averse, that it’s probably best to avoid investing in Bitcoin and altcoins.
Mind you, this persistence is a delicate balancing act between…
