All You Need is a Little
Keeping it simple is sometimes best in a bear market
Once you get into crypto—it doesn’t take long.
Someone tells you about this trade, or that NFT. They talk about the DeFi they got in on early, or the coin they invested in that did a 100x return. They make it feel like you’ve missed out on something huge.
But the truth is—you don’t need to do everything to succeed in crypto, and it’s worth remembering this during what is shaping up to be a tough bear market.
It’s okay to do only a few things.
Pick 2-3 cryptos, maybe a few NFTs, and hold steady. Maintain calm. Maintain focus. Dollar cost average your investment.
And wait it out.
Simple, steady, successful.
This bear market is not the time to get FOMO about what the group is doing, or to worry too much about daily trades. Bear markets are for accumulation of positions you believe in, and shedding the chaff.
For what it’s worth—this applies to stocks and other traditional investments too.
Don’t worry, bear markets don’t last forever. The bull market will return. And when it does, you want to be ready.
Will you be?
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.