With Bitcoin and all Crypto Currencies sky rocketing daily I now read people's opinions on Facebook about it every day. It's all over the place. "Experts" are all giving their opinion.
"It's going to reach $50 000 next year! Watch!"
"It's a bubble! Watch it burst!"
Those are the two extreme opposite opinions and all other opinions are somewhere in-between them. The truth is who knows which party is right.
I trend towards the optimistic people.
BUT...
Don't be greedy. As Tony De Gouveia always says:
"GREED WILL KILL YOU BUT FEAR WILL KEEP YOU AWAY."
This is why I mine and hold. The beauty thing about mining is that we are not as susceptible to market volatility like those who buy and hold or those who trade. Yet we occupy the top run of the profitability chain in Crypto.
If the price of crypto goes up, Miners WIN.
If the price of crypto stays the same, Miners WIN.
AND EVEN...
If the price of crypto goes down, Miners STILL WIN!
That's why I am so conservative with what I do in Crypto. I don't let the frenzy excite me. My strategy is to mine and hold. I may not make as much short term as the risk taking traders, but I keep winning long term. And I am NOT greedy.
Crypto is here to stay. We will see HUGE volatility over the coming years still. But make no mistake, it's not going anywhere. My advice is not to let FEAR keep you away. Get in the action. You don't have to take big risks for the upside to completely change your life. But don't start getting greedy when you see the feeding frenzy. Just mine away!
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