You've just got into the crypto market and the way things are going, you aren't sleeping. You can't remember the last night you had a good nights sleep since the market has been following the ebb and flow of the tides. Things were so good a few months ago and you are not sure what is happening. People have been throwing around the word "hodl" which you understand to mean don't sell but you are not so sure if you can do that.
I'm here to tell you: "Don't sell!". You don't know me. I could be some trust fund child sitting in a penthouse without a worry in the world. Don't worry, I am not. I am a regular Joe. Though my name is not Joe, not like that matters. You got into crypto because like many people in the world, you are fed up with the way things are.
The rich have become richer and the poor have become poorer. No matter how hard you work, you are not going to be able to buy that house with the picket fence. That adage of if you work hard, you will be successful does not hold true. At least in many countries at the moment. I am not poor by any means but after living in Taiwan for 12 years, I don’t see the light at the end of the tunnel. How am I going to be able to get a mortgage for a house let alone find one?
Houses here start at 4,000,000 Taiwanese dollars (143,000 USD) and the size of that house would shock you. What are the alternatives in 2021? How do you secure your future or maybe you just hope you get by? I am not one for the unpredictability of the future and that is where crypto has come in.
It is the only thing I see for most people that can give them a chance at a future. A chance for them to make enough money and not just "survive". To whomever is reading this. The fundamentals of Bitcoin, Ethereum and the market as a whole are good. The technology is sound. You just have to wait it out and I can't promise short term success but I can promise long-term value.
Is there anything else to give you a chance at a relatively secure retirement? CD’s? ETF’s? Savings Accounts? None of these will cut it to put it mildly which is why I am here today and writing the first of many blog posts to come, in order to help you make the right decision for the future. Now I have to give you the usual disclaimer. I am not a financial adviser so what I am writing is purely opinion.
Don't sell your coins. Close your coin app. Relax and just wait. Things will be green in no time.
