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Advice for newcomers to Crypto: it’s never (including now) the time to FOMO

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by COINS NEWS 151 Views

Hi all, so if you’re new to crypto you may be seeing something exciting and unfamiliar from recent times - GREEN portfolios.

So, what the hell should I do with this? And my emotions?

Well - emotions have no place whatsoever in investing, they will only work against you.

In the coldest sense, if you are in a project for the long haul the opposite of your emotional response is probably best (buy when everybody is selling and it’s low, sell a bit when it’s high) - but obviously that’s vanilla and near impossible to execute.

So how do we avoid this? DCA! What does that mean? Dollar cost averaging or basically a committed regular investment.

If you truly AREN’T in this for a unicorn “quick buck” then if you invest consistently (per month set £/€/$ amount) at the same rate, you aren’t trying to predict intraday swings and instead you just believe in a few years + it’ll be higher.

Much less stressful, requires no intelligence short of the obviously disclaimer - be careful which projects you back and stay away from moonshots and sh*tcoins.

Hope this was helpful!

submitted by /u/joshlambonumberfive
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