Sometimes, I find myself pondering the future of digital currencies. No one can truly predict where things will land with what we currently believe in.
As a content creator for altcoins and meme coins, I've also invested in these tokens, hoping that one day their value might multiply, doubling or even increasing fivefold.
At present, I've lost a significant amount of the money I invested in these tokens—half of my capital has already burned away. Given my situation, I have no choice but to keep my investments as they are.
Initially, my goal was simply to hold onto the money, as I didn't know how to trade. However, I recently realized that if I had cashed out when the prices were higher, I could have made a profit. I could have reinvested once the downtrend passed.
Alongside this realization, there's another idea that keeps conflicting in my mind. What if the value at that time didn't drop and instead continued to rise? Would I regret my decision to sell?
Being new to the trading world, I'm slowly learning to understand how money moves in this space. Besides the $30 I've already lost, there are a few tokens that have also depreciated in value.
I don't view these as losses. Instead, I see them as part of my learning stage.
From my perspective, I should only have a reserve of money that I'm willing to lose—this is the money I invest in each token I believe will rise in value over time.
Beyond that, I should also have extra tokens that I'm willing to buy and sell based on market value. For example, if my investment grows by 4%, I should cash out a portion of it as my locked profit. Later, when the price drops again, I can reinvest and increase my holdings in that token. When the value rises again, I can cash out once more.
I'm not sure if this strategy is correct, but I believe many of us have thought about it. As a beginner, this is what I've come up with—imagine what experienced traders think!
However, whether this strategy is correct is something only time will tell, as I try it out.
Anyway, I wanted to update you all about my journey in the crypto world. Despite being busy animating and bringing meme characters to life, I still find time to blog, even though I'm currently unwell. I need to keep working because if I don't, I might lose my clients and, consequently, my income.
Being self-employed is tough. Whether we're sick or not, we need to keep working because we can't afford a week without income.
My mom and I are both sick right now—we've come down with the flu. It's hard to be sick, guys. When our bodies give out, all our hard-earned savings can quickly disappear.
Take care always. I hope to recover soon so I can work properly again. I forced myself to write this blog today, hoping that one day it might become a source of passive income for me.
Thank you to all my readers, followers, and supporters. God bless you all!
