The Market Is Doing Better When You Are Not Looking

By lordneroo | Crypto Hustling - Airdrop Sniping | 26 May 2021

That's because HODLing beats trading any day of the week.

It's true that it's a lot easier to just HODL it when you're not paying attention to the market at all. Don't get me wrong, I do realize that this can be extremely difficult to apply, but if you keep yourself busy doing productive things you love, things can get much easier in the blink of an eye. If you truly believe in crypto and realize the different ways in which the space is destined to reshape our world, just HODL it no matter what and be patient.

Of course, this only works if you invest less than you can afford to lose in the first place, so don't think of the crypto game as an easy way to achieve abundance. Money is good and all, and chances are that all of us will be filthy rich ten years down the road, but adopting the get-rich-quick mindset won't allow you to HODL through the tough times.

Just like it won't allow you to see your holdings realize their potential. You won't get rich if you can't HODL, and won't be able to HODL all the way up to the much-desired 1,000x you've been hoping for if you invest money you really need. Profits are always good, so I'm not typing these lines to encourage anyone to not take any once their holdings go on a bull run. The point I'm trying to make is that the vast majority of investors who have tasted this sweet 1,000x flavour weren't paying attention to their holdings all day long.

They got them and forgot them.

Just like they didn't invest money they cared about. There's no way on Earth you won't hit that sell button once you do a 3x on your rent money, just like there's no way in hell you won't hit the panic-sell button once a large part of your net worth does a -40% all of a sudden. The best players in the game are the ones who are not emotionally invested at all; you need to be a cold-blooded killer in this business. It's not easier said than done unless you want to gamble.

Most of us have heard of all those crazy stories about people who got filthy rich by investing in Bitcoin back in 2010, but people tend to only talk about their financial success and forget about their commitment to research and self-discipline. These people were keeping an eye out for fresh opportunities and knew better not to invest money they cared about. These legends did it for fun and had the balls to HODL until selling could make a huge difference.

Important lessons history taught us.

Admittedly it's not easy to do it like they did it, but investing less than you can afford to lose and forgetting about it is a good first step in following their lead. This is one of the basic principles I'm trying to follow these days, and swapping time for fiat and fiat for crypto works well for me. My days are long and productive, plus I get to forget about my holdings. Feels like I'm on the right path.

Just make sure you won't overdo it though. You wouldn't want to get rich and not even know it.

I appreciate your attention.

Alright guys, that's it for now. Thank you for taking the time to read these lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo

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