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As the price of Bitcoin and most cryptocurrencies dropped for seemingly two years straight, we have now reached the start of the bull market. There is no denying that the last two years have been difficult for anyone investing in crypto and it has put me in a reflective state of mind. Sometimes while investing in crypto, it can be very hard to see your progress. There are a few reasons for that. Perhaps you began investing during the bear market or even just a lull in the market. During this time your crypto holdings are increasing, but your dollar value may not be changing or potentially is even decreasing. A lot of people can lose their focus or patience during this time and decide to sell. Buying high and selling low. In reality, though, those are the best moments to be buying. You are pulling down the coil further and further, building up the tension and pressure, and when things explode, your portfolio will see the growth that may shock you.
For those of us who have been in the market for a while now, we are about to begin enjoying the fruits of our labor. That coil that we had kept investing into and putting more pressure on, will finally jump up and move in our favor. It’s important to take a moment to marvel at the progress that you have made. For a lot of us, investing in crypto has not only changed our lives financially but perhaps even more importantly has changed our financial mindset and thinking. While prices are increasing and may go up to heights that just a few years ago most would have thought to be impossible. We need to consider what our future is in this market.
By our future in this market; I mean what our next steps will be. Will you sell out of the market for fiat? Perhaps you will start to dial back your investments into crypto as it will become more difficult to accumulate the amounts of coins that you could in the past. Maybe your confidence in the market has increased significantly and you will be putting even more money and focus into the market. There is no correct answer, and each person will need to do what is best for them.
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