The cryptocurrency market has long been vulnerable to price fluctuations and volatility. Things go up and down in an instant and no one knows exactly when the price will hit as the ones we have seen in the last few weeks will actually happen.
Cryptocurrency investors want to rethink their strategies
This is why many investors go to great lengths to get used to the volatile nature of the digital money space. They are long-term focused and begin to abandon the idea of short-term gain. They are aware that they are dealing with an immature market that, despite having performed well over the past 13 years, still needs much more time to mature and create a secure future, so do bettors on sports and no doubt trusted https://bitcoinbookies.net/bitcoin-cash-betting-sites/.
An example of an investor who has learned this lesson is 23-year-old Harry Satoshi (he was so intrigued by the arena that he changed his name to match that of the legendary and anonymous Bitcoin creator). He has been trading cryptocurrencies for about five years and has gone to great lengths to remain educated and omniscient when it comes to building a balanced portfolio of digital currencies.
In an interview he said:
I was looking for a way to get rich that would increase my fortune very quickly in a short period of time with little capital.
It looks like he recently lost up to 30% of his total investment portfolio, but Satoshi isn't feeling bad. He says he is accustomed to this behavior in the crypto space and is doing his best to weather the storm. He continued:
I lost $30,000 but I was completely numb to be honest. I'm in this for the long haul and I'll get that money back.
Satoshi started dealing with cryptocurrencies in 2017. Strongly interested in space, he sold his laptop and the motorcycle he rode to raise $2,000 of capital, which was eventually used to buy his first bitcoin. He says:
I lost almost 80 percent over the next few months, but I kept buying for three or four years and it paid off.
Only continued shopping
Josh Bunker, 21, also sees the crypto space for what it is: something that requires breaking through a lot of barricades. He recently lost quite a lot of money in an accident, although he does his best to stay positive and wait for the light at the end of the tunnel. He says:
I just put more money into my account and started buying more. I try to save a certain amount each week because I know it will help me in the future.
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