Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World
Dnotes,
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
How about this: You haven't lost anything until you sell. Really. What goes down comes back up in this market, only a matter of time. This dip has happened every January since at least 2014. Lots of forces making it seem worse this year, it's the "FFF" factor; "Futures, FUD & Fools" Hang in there...
Great advice, RJF. You have been around in our industry for a long time and have literally seen it all.
That said, I have these to add:
A major price correction after a huge run up is not a surprise. I am, however, very concern about the cumulative effect of many self-inflicted wounds caused by bad actors, as well as the reckless disregard of sound investment practices, and the recognition of existing legal and regulatory frameworks. The ICO gone wild craze will cost the industry dearly, as reflected in the increasing number of law enforcement actions. There is also the fear that Tether (USDT) may not have lived up to its claim of a 1:1 reserve.
There is no good advice for those who are already 100% invested. This industry has been behaving very differently, as I mentioned in a recent article with a casino gambling mentality: https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/
If I must guess, I would bet that we have yet to see the bottom. But who knows for sure.
For those who are just getting started, it is important to do your home. Traditional VCs place high value on the team and their track records that are proven and verifiable. Those are good guiding principles.
DNotes will be celebrating its 4th anniversary on February 18th. We have been totally committed to our vision of building a trusted digital currency accessible to everyone worldwide. It has been a very consistent message of inclusiveness for the benefits of everyone as we strive to gain mass acceptance of DNotes in global commerce.
It is our belief that to be the innovator and technology leader we must keep the needs of our stakeholders, consumers, and society in mind. We must be purposeful in our missions utilizing our expanding ecosystems to educate the general population, create innovative products and services, and respect existing laws that are applicable to our industry.
With that in mind, the current industry turmoil could benefit DNotes over the long-term.