Hold On For Dear Life! This has been one of the most common phrases for people in the Crypto space. Anyone that has held onto Crypto for an extended period of time knows this phrase.
Many people believe that Crypto is some kind of get rich quick scheme, and for very few it has been, but for the most part Crypto has been an investment that has tested the grit of many people.
If someone was to hold a Crypto Asset/Currency for over 2 years, they likely would have seen some appreciation as long as the Asset was utilized by the market. Many people have got ahead of themselves and purchased a nonperforming Crypto asset. It is vital to do research before making any kind of investment.
It is important to choose a Crypto Asset that you believe will perform in the long run. The less the risk the less the gain. If a person was to invest so much money in Bitcoin from every paycheck they make, they will see steady gains and not a whole lot of explosive growth. The risky projects are the ones that will show much growth. The only problem is that 95 or of a hundred Crypto projects take a dump.
Know the projects you plan to invest in. Watch Youtube videos to easily educate yourself. I do that on a regular basis. The Crypto space is volatile!
Like the Wild West, there will be legends made, but not everyone will make it to their promised land. If you choose to HODL a valuable Crypto Asset/Currency then you too may one day get far enough ahead to live the life you were meant to live.
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