Interesting read. Quite the advise many need to hear. Many want to see their portfolio increase overnight, that shouldn't be the mindset. Accumulating and building in times like this are sure way to go if one aim to see better times. Web 3 comes with lot of possibilities and opportunities, one must seek to align with it in one way or the way to make the best out of it in time.
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The quest to see a quick increase of in trading accounts have caused many to make very bad financial decisions like continuous buying the top of the market. The best period to buy and accumulate is during dips but instead some persons panic sell because of fear. Having the right mindset is very important for success in this space.
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Exactly. It's the mindset for me and knowing when to get in and when not to. Fomoing into any project is not a good one
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The key to having the right mindset is getting the right knowledge. So, it's necessary to have the right knowledge about crypto trading to avoid taking the wrong moves.
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For people who buy to see their portfolios increase overnight, they should find a low-priced crypto that looks promising, buy a decent amount of it, then forget about it. Buy and forget.
This seems to make sense for the gaming cryptos since that's a booming sector in crypto. Look at what happened with Splinterlands, then consider the promising games either fully released or in the pipeline.
The worst thing that can happen is total loss, and only armageddon can make that happen. More likely, bear markets arrive, so we need to wait them out for the bulls to return. Then the cryptos we bought and forgot about can do their thing for us.
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Exactly. That's what I personally do i.e buying and forgetting. Going with mindset of quick gains would get one burnt.
Indeed. Gaming cryptos seem to be a good one has one get to earn while playing. If the price gets down, one could still recoup investment from daily rewards
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