So many of us are looking for that next like, or the thrilling prospect of admiration after spending an hour trying to get the perfect selfie and more likes than your last post. Get rich quick, buy now-pay later. Phantom vibrations in your pocket when your phone is on the table. We’re addicted to the buzz, literally!
With the correct knowledge, cryptocurrency can be traded short term for profit, but we are often so consumed with instant gratification that many fail to see the long term picture for the cryptosphere.
This is a brand new, revolutionary technology. The value dynamics of cryptocurrencies in the long-term are exciting! With supply about to drop and demand increasing exponentially, the smart investor may consider hodling their crypto assets. The technical analysis around Bitcoin points heavily to a further increase in value.
Bitcoin has seen a 10,000,000x increase in value over the last decade.
While it may be tempting to make frequent exchanges in accordance with day-to-day fluctuations in the crypto market, it might also be worth considering the long term position of your assets.
As Ivan On Tech would say, don’t get rich quick, get rich for good!