Post
Topic
Board Announcements (Altcoins)
Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World
by
MiningHabit
on 07/07/2017, 05:06:53 UTC
Even now I have trouble sleeping. But that is only because of me. Now I know when I will make a big investment, I will have to wait and see how the market goes. I bought because I researched this coin and I find it a good one. They have a different approach and a good plan. I plan on holding and staking.... I watch the market 24/7 with little time to sleep. I hope on finding time to adjust things so that I can sleep and go outside more.

I should have waited until this post to throw out my Caceres advice above.

Watching markets 24/7...having trouble sleeping....this is no recipe for happy holding. Trust me, I live this reality myself with my own technology startup that I work for and have invested deeply into (far more than I can afford to lose). I spend 24/7 doing exactly what you mention, not sleeping, anxiously stressing, wondering about every market machination....I promise myself that I'll never be in this position again.

And crypto gives me a chance to prove that declaration. Hold. Hold some more. And then hold longer than that. I realize I, and no one else controls how I emotionally feel about those previous 10 words. I can hold and hold, and that understanding of the long term value here means that nobody can tell me how to feel about holding through short term market movements.

I deeply implore you, don't stay up thinking of the market. You might lose your whole investment. Don't kid yourself. If you study the great Bell Labs mathematician John Kelly and his "Kelly Criterion"...the risk of ruin in the crypto space is nontrivial. You can go bust, very easily. Because it's very very hard to make bets in a completely Kelly compatible way.

Literally the only way to combat this is to bet with money you can completely lose, and divorce yourself from market movements in the short term. Because it's almost impossible to make bets with 0 risk of ruin, which is what being Kelly compatible means.

I have not bet this way with my technology startup, and it eats me alive inside. I wont ever make this same emotional mistake again, and that has started with crypto investing.