shiba sliding down sand dunes on a surfboard while wearing a slim harness pack

Are you ready for the moon?


Part of what is awesome about climbing up a tall mountain is to be able to enjoy the top of it.

 

In crypto, part of what is awesome about trading is to be able to enjoy selling high after buying low.  The astute trader does not see highs and lows as bad things, because in cryptocurrency, unlike in stocks, the guarantee is that they're going up until they all crash finally.  It is a guarantee that the internet and technologia is going to crash.  It is a guarantee that cryptocurrencies are going to increase in value between now and then.  It is a guarantee that they will decrease in value.  Neither of these is good or bad, from my point of view.

 

shiba surfing down the dunes with a slim harness pack on his back

 

 

It matters how you are prepared, both mentally and financially, whether you will panic as the markets dip or whether you will understand that they'll go back up again.

 

Some people scoff at the idea of playing outside.  It's always too cold.  Or too hot.  Or too wet.  Or they just have no physical dexterity or stamina to go outside and play because they've lost that.

 

For many winters, I have spent many days snowboarding from sunup to sundown, either on my own for fun, or in a lesson where I'm getting paid to teach people of all skill levels how to take their next steps in their progression.

 

For a lot of summers, I have spent many days sailing, similarly I can say for fun, as well as when I am in a lesson and I'm getting paid to teach someone else how to sail.

 

I've taught many sports outdoors, and it is always imperative to be prepared for the game at hand, with whatever is needed, otherwise the game is not as enjoyable or safe or playable.  Standing outside all day in sub-freezing temperatures is possible when you're wearing the right clothing.  Playing outside all day in the snow in sub-freezing temperatures is just as possible, with a little bit more preparation and readiness when a snowboard is involved. 

 

In a different context, different kinds of preparation can help out.  If you're outside from sunup to sundown hiking through the snow because you went off the road the night before and wrecked your car and spent the night in it hoping for someone to rescue you, only to use up the gas in the car to keep you warm just as the sun begins to light up the world again, then being prepared to know what to do and to know how to find your way to somewhere you need to be is very important, and being prepared to have a good and positive mental attitude is also important.  You could have all the preparation in the world that you can fit into a knapsack, and still end up dying because you panic and freeze during a critical time-sensitive moment due to indecision or fear of making a choice because you've never thought of having to make thriving and survival decisions before.  With the Holy Spirit, we don't have to fear, because we have feared God, Who set us free from our sin, and He has taught us not to fear.

 

When the cryptocurrency markets crash (which they will, suddenly, unexpectedly, both in part and in full, multiple times), there are going to be people who are described as "having lost their minds" due to the exorbitant amount of wealth that they will have suddenly lost access to, after spending years amassing it throughout the cryptospheres.  It is good to be prepared for this already mentally, and to make good choices beforehand to set yourself up for success later.  It's kind of like when you drive to the grocery store and you find a parking spot somewhere in the lot with all the other cars, and you can choose to pull in head first, or to drive past the spot and then back in to it tail first.  The difference is that you're leaving your future self more ready.  Little habits like this may not ever pay off each and every one of them, but over time, the value of living like this becomes apparent because that one time when you find yourself in need of a quick getaway from the local supermarket, that habit of leaving your future self prepared will benefit you in the moment later, rather than taking the small advantage in the moment which is in the passing of now.

 

In cryptocurrency, you can leave your future self more prepared by following a few simple principles:

 

1) tithe.

 

2) only trade with money you can afford to lose.  this means don't put any necessary money into your crypto portfolio, and don't trade other peoples' money.

 

3) diversify your trading methods, not your accounts and coins.  it's better to keep a long-term store, a mid-term store, and a short-term/daily store of crypto, and diversify how you maximize your storage and movement timings, rather than to diversify and buy up as many different coins as possible, unless you have gobs of money that you can afford to risk losing a lot of it in order to buy up a lot of small altcoins in the hopes that you'll snag a few that ride to the Moon with the rest.  identify a few coins that trade with coefficients to each other, such as BTC, DOGE, SHIB, ETH, and LTC, and get to know their daily and regular and irregular patterns, so you can spot the anomalies and beginnings and ends of trading cycles, and use those coins to trade with and to observe the markets with, and research and pay attention to as much news about others as you want.

 

4) beware your tax liabilities for your gains.  people still haven't fully figured out what cryptos are yet, whether they ought to strictly be considered as a security, or a currency, or a commodity for a store of value, or what, but, be sure that if you realize a profit, that you will be asked to be honest about it on your taxes.

 

5) on a regular basis, as you realize profits, and each time you put some capital into long-term storage, take some out in USD and use it or save it, so that you can enjoy it during the interim while you wait for the Moonshot

 

6) be ready to sell during the next Moonshot at a pre-determined or better level, and when your purse reaches that point, sell as much as you pre-determined and stick to your plan.  it's good to have multiple contingency plans if things keep increasing or decreasing in value, and the mental flexibility to be able to throw your plans out the window again and start all over when that makes sense too.

 

7) give crypto away to your friends who are willing to listen to you and give them hardware wallet interface devices and show them how to use them and explain the benefits of using an offline-generated wallet address to cold-store funds with.

 

8) pay attention to how much money you put in to begin with, and work especially towards doubling that initial seed money, and then eventually take that original money back out, and use it or do whatever with it, but at the point when you take that seed money out, you are then operating within only profit, and anything that happens from then on is a result of what you've done with your profit money, and none of your actual earned/owned money is at risk ever again.  this is a form of mental preparation I realized early on, so that when it does all crash, I'll be able to shrug my shoulders and grin and say, "whelp, that's that!" and be able to walk away from it.  

 

 

 

 

Perhaps I will get out of crypto before it crashes and I will be able to say I cashed out at or near the top of the next Moonshot.  If that happens, I am guessing it will be when BTC is somewhere up near the $240k mark, or higher.  Between now and the end of it, I think that BTC will swing between the range of about $5000 - $2,200,000 before everything goes poof.  I'm planning on getting off at somewhere around the quarter million mark, up to maybe a half a million.  I'm not actually trading BTC, but, almost all the other coins are currently intrinsically tied to the value of BTC, so that if BTC is going up overall, most coins are reacting to that and going up or going in a pattern that happens when BTC goes up, and if BTC is going down, then the reverse is true.. most all the other coins are reacting and going down, or they are being traded by bots in patterns that happen when BTC is going down.

 

The more volatility there is, and the more volume there is being traded, the more likely the bots will be triggered to trade more, and there are times when it's like a frenzy of trading takes place for a very short while, and then it's suddenly over, while other times, there are periods of several days where there is repeating, predictable sets of patterns of automatic trading taking place, and it's fun to surf those waves up and down.

 

 

 

If you start with only $250 today, and you add only between 1% - 4% to your capital every day through trading, you will be a multimillionaire in less than a year.  3% is usually not too difficult to achieve when the markets are moving.  

How do you rate this article?

12


fisherofmen
fisherofmen

an observer and reporter of grace and truth and love


Christian Observer Reporter
Christian Observer Reporter

Jesus Christ is Lord! This ministry is blessed by God to observe and report what is real and happening around us today, and to share God's Word among the nations, and to share the rest and contentment which comes from knowing Jesus Christ. ~ Except the Lord build the house, they labour in vain that build it: except the Lord keep the city, the watchman waketh but in vain. 2 It is vain for you to rise up early, to sit up late, to eat the bread of sorrows: for so he giveth his beloved sleep. Psalm 127.1-2

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.