Prepare for Dark Times

Prepare for Dark Times

By DimitarM | Welcome to my life | 12 Mar 2020


What a crazy day, huh?

I want to share my thoughts on this day and how you can deal with it.

First of all, in a matter of minutes, the BTC price followed the rest of the financial markets and took a crazy dive down to $6k. As of writing this, we are currently sitting at roughly $6100.

Days like these, of course, hurt all of us. It's never a great day when your bags are dumping like crazy. But many of us have been through these types of moves before, and we are growing thicker and thicker skin by being in the market.

In times like these, a very important thing is also to keep your emotions in check and try to be rational. Many investors will get lost in their emotions and completely forget how to market works. Take a look at this familiar picture.

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Where are you in this cycle? It's important to recognize. Take a while and try to understand the emotional forces that drive your decisions, and you will become a better investor. 

You should not solely be relying on trading to build your wealth in crypto. You need to become a #builder in this space, using your skills to build cash flow, regardless of market conditions. And the best time to build your name in a new industry is when everyone else has given up...

 

Take care of yourself, guys. Be safe, work from home if you can... 

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DimitarM
DimitarM

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Welcome to my life
Welcome to my life

I would like to share interesting news, related or not to cryptos and other interesting topics! https://linktr.ee/dmad2010

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