It looks like yesterday when doge was around $0.08, I was still having in mind to throw some dollars into doge, at least adding it to my asset portfolio management. Waking up the next morning to check my chart, "buuff!!" doge is already at $0.44. feels like crazy. I so much delayed on the process of decision making. I know am not the only one feeling this way, others feel too. I feel like biting myself. This is common among new investors isn't it ? taking too long on decision making especially financial decision that could have been opportunity to change your life. well, I don't really know how to describe it, but usually ; "I will, I will ", is always the phrase used in shifting what could have been done immediately. This act of procrastinating, is a self defeating attitude programmed to keep you in the same level or financial circle.
NO RISK, NO GAIN; Imagine I had taken action as at when doge market price was at $0.08, and I deployed about $2,000 into the asset and hold. what do you think would have been my net profit as at the price of 0.44 ? alright lets do the calculation right here; So I deployed $2k into doge right at $0.08?
and I got about 25,000 doge unit, and I hold to $0.44 to sell;
So I sell at the price of $0.44. What Is my net profits ? About $9,000 which is about 450% return on investment. This return could have been enough to inspire new crypto traders and investor never to give up.
SUGGESTIVE SOLUTION FOR PROCRASTINATION; So you see how time fly ? your " I WILL " yesterday, surely meets your I will today, and the circle continues keeping you at the very same spot year in and out. you don't like it, I know that, But you can't just stop it. Hey man! its a big trap and a destiny killer. Ask yourself this question; would you rather give yourself to some stupid excuses caused by financial fear of lost or some kind of emotions for immediate self satisfaction of some kind, and see your tomorrow in sorrow and regret, or you will rather take charge of today timing, fear, greed, and procrastination, to the success of your tomorrow ? These are feelings that we describe as "MERE", but they have a very power effect to the deciding of our place in life.
One thing that defines our professionalism, is the ability to take charge professionally, in every field of life. But for the sake of this piece, lets limit our corners to investing. So if you have been experiencing this difficulty in decision making on investment, then the wise thing to do is to employ the dollar cost averaging strategy; define when you are putting a particular amount of money into a particular asset over a giving period of time. continuously, you will meet your investment goals. AM I TALKING TOO MUCH HERE ? ok!! maybe I should take a brake. See you on my next article. thanks! Remember to pat my back !!
