Today, I am hunting for and applying to jobs related to Cryptocurrency and the use thereof. One of the job application forms asked me to write a sample article for consideration/analysis. Not being one to waste a good chunk of text if I can earn a few cents from it elsewhere, I have reproduced that content below.
I write a number of blogs on Crypto (both on Publish0x and elsewhere), so I could probably link to one of my existing writings (or the main blog pages themselves) if I felt so inclined. (Yes, this is my original writing, created on the spur of the moment. If you find it on Pub0x or read.cash in a slightly altered/edited/improved form, then you have found one or more of my blogs. If it will increase the likelihood of my being approved for the position, please peruse my previous posts to your heart's content.) However, analysis and prediction of highly volatile markets isn't an activity in which I partake. They change so rapidly that attempts to do so are akin to endeavoring to herd cats, as far as I'm concerned.
It is my considered opinion that what one should really aim to do is take a long-term (at maximum, biannual) view, instead of getting bogged down in the numbers and carried away by one's emotions.
Buy at the bottom of a dip/correction and exchange (never sell for fiat; that's a surefire way to lose) at the peak of a high (or as near to either as is possible to gauge). Look at by how much a currency increases from dip/correction to dip/correction, not peak to peak. That way, you'll know the worthwhile investment from the sh*tcoin. (Dogecoin during the last three days of November 2021 is a case in point of one to avoid if you don't have a rapid response time, since it goes up and down like a yoyo or a hyperactive yappy dog.) On the other hand, Bitcoin, Ethereum, Litecoin and Ripple have been around long enough to be scrutinised and revised (at least thirteen years for Bitcoin) that it's pretty difficult to go wrong with them. (Check their long-term graphs on CMC if you need proof.) This is pretty generic content that should be common knowledge by now; I'm not exactly breaking new ground here (although you wouldn't know it, looking at the behaviour of newbies in the cryptosphere).
Above all, HODL and stake for at least five to ten years if you want to benefit from cryptocurrencies. Also be sure to do your own research and make reasonable choices/take reasonable precautions when participating in online/digital spaces. Any advice anyone gives you is speculative estimating at best, since none of us knows with any certainty what the markets are actually going to do.
Post thumbnail photo by Anastasia Shuraeva from/on Pexels
