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RE: Crypto Investing: Think Long-Term

in #investing8 years ago

The markets are an enigma. They always have been and always will be. My grandfather told me long ago, that any financial decision backed by emotion, is a foolish one. Yet markets ride the waves of emotion up and down. In short, doing the opposite of what the mob is doing is almost always the best solution. Patience is always the best approach. It can be quite difficult at times, but this is not a sprint, it's a marathon.

A quote from Warren Buffet comes to mind, “If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.” I think most of us are in it for the long haul, so the bi-polar actions of the market today should not sway us, for we know where we'll be in the future. Steem as well as all the cryptos are simply on sale today.