Do you know what my favorite crypto story is? It's the one we've all heard, someone hears you talking about Bitcoin or another cryptocurrency and then they interrupt your conversation to tell you how they could have been rich if they would have put in x amount of dollars in Bitcoin back in 2011. Theoretically, it's true, but I always laugh at how naive these people are. I always want to respond and say, "you really believe that if you would have picked up Bitcoin back when it was $7, that you would be holding on to it today?". I'm sure the majority of them would say yes, tell you how they believed in the tech knew its finite supply would lead to an increase in price. But we all know the truth, if the majority of us had the chance to buy Bitcoin at $7 we'd be out at 9 and that trend would continue until it took off and left us behind.

I know that because it's what happens now. Maybe you don't like Bitcoin at its price, I can understand it being riskier at $10K then it was back at $7. But what about other cryptocurrencies that this space believes in. Nano is under $1 as of this blog post and it's the equivalent to buying Bitcoin at $7. How many of you have bought into it, locked it away and won't look at it for 10 years?

And that's exactly what you have to do with a lot of these tokens.

Your Investing Wrong!

How many of you have conversations about crypto to your family and/or friends? How many of them know what you're talking about? Probably none, it's not easy to explain a Block Lattice or a distributed ledger. People can't even fathom the idea that spending money actually cost money, you ever try to tell a friend or family member that it actually costs money to use a debit card? They'll look at you like you're crazy.

These cryptocurrencies aren't ready for mainstream adoption. Their complex and most of them aren't even complete. So many of us want rag and riches, yet we forget that these coins aren't public knowledge. My family has no idea what Bitcoin can do let alone Digibyte, my mom doesn't understand the potential of Elastos... she's just now finding out that the WiFi password is on the back of the router.

If your coin drops 10%, it's okay. Don't panic, don't freak out, if you believe in the project then understand that it's just apart of the process. Could you sell and maybe buy back in, yes, but is it really worth it? Think about the time, the amount of stress, the transfer fees, the taxes. You wouldn't do that with a physical item... would you? If somebody told you there were only 133 million pieces of gold in the world and you could buy one right now for $1 would you buy 1000 of them and then sell it for $1.25 hoping to buy it back at $.90... NO! Figure out a buy-in price, load up and then engage in the community. Figure out if you can add to the project, the real investment needs to be our own time, not just our money... it's decentralized for a reason.

The Future Is Long... But Bright

Where all investing/supporting these currencies within a bubble. I'm not saying this space is in a bubble, but we certainly are. This little community that we have, is just that, a little community. It's going to take time for these projects to really get going and if we're going to be early then we need to understand that it may come with some hiccups.

The #1 issue I see within crypto is people looking to get rich quick. That was never the case, sure some people may have timed it right, but this entire space has been a work in progress. The idea that you can put in $1000 and take out $1 million is ridiculous, but it could be true if the tech actually pays off.

We have to bring back the HODL mentality. I'm not saying invest every dollar you own and be naive, but if you want the price to go up then the focus has to be on supply, at least in the short term. We can't keep buying our projects and selling them just because they're digital. It doesn't make sense and it's far too risky. 

I know it sucks watching seeing your Blockfolio in red, but if you understand where you're putting your money and why you're putting it there then you have to avoid the temptation to trade it. Hell, if you have to, uninstall Blockfolio from your phone. This is crypto, this is the future, we're all here because we believe in a different type of currency, yet we keep hedging it with the current one we have... Does that make sense to you? Would that make sense to anybody?

Bitcoin is in the negative right now, but we don't have to be. Put down your phone, stop watching the charts and get out there and inform people of what's to come. We have to hit the ground floor, we have to educate the uneducated. Many of us are spending time explaining to people who are already interested in crypto its importance, don't you think that's kind of counterproductive?

If you're apart of your crypto community then let me know what you guys are doing to improve the perception around this price, maybe your best practices can push someone else to get involved in their neighborhood.