So yeah, I can only guess that all investors right now, are probably looking for that one investment that will provide them phenomenal returns. Most turned to crypto, and I am assuming that a lot are regretting that decision right now. I would surmise, these are the noobs.

Crypto is not for the faint of heart. It’s volatility can be so extreme and perceptively definite, that it lulls a lot of investors into catastrophic decision making. Those that risked their life savings by jumping on the band wagon are a perfect example. The only rationale that I can gather from those who did this is greed. No research or if ever they did some, it was half heartedly done or worse, they listened to people who were heavily invested in some coin and would just love to see the price increase. This way, they can jump ship at the top and leave the new investors with the empty bag.

Paper losses are just paper losses. You have not actually lost until you push that sell button. My portfolio is down not because of the coins that I chose, but because their price is coupled with that of BTC. (though I did put 100 dollars on Luna Classic when it hit rock bottom. Oh wait, the bottom hasn’t been reached! it is still going down! Haha!) But for me see, that one hundred could be gambled with. It wouldn’t break the bank if it fails, but if (and that’s a big IF) it somehow recovers, then that’s something to rejoice about.

If you’ve honestly done your research then you should believe in your investment. So many projects out there are so quick to churn out defi “solutions” with nary a discussion of what it’s possible weaknesses are. The crazy thing about it is that so many people are throwing money at these projects with so much abandon that it boggles the mind. It is so profitable that people pour in more funds when they get the chance, until it just isn’t. The nightmare begins when weaknesses are exploited by unscrupulous people and the systems fail, hang, shuts down or worse funds get stolen. Then the people scramble to sell their coins for whatever profit they can still get, until…….their is no more value to give.

Historic crypto performance is rife with mind jarring lows and exultant highs. If you’ve made the right choices, these should not bother you. Stake them if you want, that way your coins earn interest.

I personally, don’t check my portfolio daily anymore. Yes, I get shocked when I do open it (it is 70% down after all), but I think I made the right choices of cryptos to buy, that I know these will outlast the upstarts that are in so much hurry to come out with half-baked solutions.