Post 6: Do Your Own Research, Buy, and Hold

When you decide to make a financial move in any market you should never buy just because you heard that it’s a good investment and it will make you rich. This is especially true if you’re on a budget and must be mindful of your spending and investment allocation. When investing in cryptocurrencies you must understand that this digital industry asset class is still new and is volatile due to the growth potential that has still yet to be fully reached. The projected market cap is destined to increase by trillions of dollars on top of the 2-3 trillion that’s already in the markets. But just because crypto is literally the future doesn’t mean that you buy into just any project impulsively without doing research.

Anyone with interest and an internet connection is more than capable of doing research into the appropriate investment project. Once you have dedicated the proper research and decide to buy you must understand the risk involved because all investments are about the risk to reward ratio. A well scouted project gives you both the conviction and the confidence to invest, and this should stem from the belief that you have in the utility and use case of the technology that gives it value. Once you buy HOLD ON FOR DEAR LIFE because the market in its young phase is volatile, and you should be in the game for the long term and not for short term gain. Statistics prove that holding your assets over time brings more gain than short term trading.