Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin Futures cause of drop?
by
dlagwagon
on 17/01/2018, 05:32:00 UTC
I think that the longer the timeline you use to reference progress in the market the better off you'll be, look at monthly trends rather than daily. I mean if you're long, why are you focused where you'll be in two weeks? I can't even say when I'm planning my out here, so if I don't know when I'm even getting out I can't really make any comparison as to whether my gains are satisfactory. I don't know how much they'll go up, we've gotten spoiled with 300% gains in a day or two, but in the stock market, people are doing well to secure 10% gains a year.

Getting 40% gain on the year would be a huge disappointment for most of us because we're salivating over the potential moonshots. Anyone who is financially savvy would call the opportunity to gain "only" 40% in a year a once in a lifetime one. Be content with longterm and sometimes dull progress, but also keep your eye on the market for the next big thing. 5 years from now, this will be an entirely different scene, we must be fluid and adaptable to minor doubts in the short term.

I feel like these are the days of the early internet. We're investing in the "intels" "IBM", "DELL", "Microsofts", etc. In crypto, BTC, ETH, etc., will probably form the foundation of the emerging industry and new innovations beyond our current comprehension will present themselves and we will be watching and waiting. I mean just the awareness of how fast innovation will come will help keep this in perspective for you. Look how far music downloads have come, or ordering shit online, or our smart phones. The brilliant minds behind that type of stuff will be getting behind crypto and coming up with amazing things. We're yet to see the biggest crypto in my opinion.

I'm not so much banking on any specific coin right now. I'm betting on the fact that the market cap of crypto will continue to grow as the technology becomes more accessible and practical. Perhaps the Facebook and Amazon of Crypto industry aren't even conceived yet. I guess just trying to look at the big picture helps to keep this shit in perspective. I'm risking money that I'm willing to lose, but the hopes of big gains corrupt the detached, and analytical mindset that I feel is crucial to success. It's a struggle, but I try to be objective.