Buy when other are fearful and sell when others are greedy. A pretty
simple philosophy to follow to buy low and sell high and earn huge profits. However it's tough as hell to execute due to human emotion.
I learnt more about myself in the past months than in the last 2
years with regards to investing. Why? Thanks to Cryptocurrency. The Crypto
world is like the condensed and accelerated version of the stock market. You get
your bull and bear run in a matter of months instead of years and you get to go
through huge fluctuation in prices in a matters of days.
Do you have the resolves to hold to an investment that you think
is fundamentally good when it’s price drop by 50%? Will you buy more of it when
it’s price plunges? Do you sell after a bull run? With the huge volatility in the crypto market, you will be tested
many times round. I would say the Crypto market is a good training ground for people
who are new to investing and want to understand more about their own emotions in
investing.
I have learnt a lot about myself from investing in the crypto market. What about you?
I have learnt a lot about myself from investing in the crypto market. What about you?
Happy Value Investing
The emotions of investing
Reviewed by Valuewarrior
on
December 20, 2017
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