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One of the most important but also hardest lessons in Crypto is the realization that Time is your friend and not your enemy!

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by COINS NEWS 160 Views

We are often very impatient and therefore everyone of us gets this infamous FOMO feeling no matter if we are in a Bear or Bull Market at the moment.

One of the key elements that you need to uncover is the hard truth of Time being your best friend in investing. You will rarely make big and important decisions in a short timeframe and actually profit from them. Yes, it happens, but there is a lot of luck involved and wherever luck is a crucial factor then its more a gamble than a smart calculated investment.

Why is Time important and why it is your best friend?

DYOR is the most important part once you start investing and creating your strategy, and its very important to investigate and research potential projects in detail and you need to invest TIME and effort into it to increase your chances of success.

You need time to track the sentiment of your tokens and to track important updates that are happening.

Time is needed to learn the basics and to follow trends that are happening in this particular space.

It takes time to build a great strategy and to take profits. Longterm is always better than shorterm as this will reduce the risks of failure dramatically!

Take your time and treat it as a friend. Don't fall for FOMO and for the bullshit stories of a quick success...these are very very rare.

submitted by /u/vjeva
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