Yesterday was a historic and brutal maximum pain event for many crypto investors. Remember, it’s going to serve you well in years to come you deserve the wins after experiencing such a destructive day in the crypto markets. The wins probably won’t be today, tomorrow, next week, or next month. But the wins will come always. Remember, the feeling of yesterday the 9th of May, and file that away in your crypto investing journal under max pain experiences. You cannot buy these experiences. These experiences are critical to my development as an investor. Unfortunately, some people were highly emotional and chose to take the crash. Personally, I was attacked like many others like we had caused the crash and I took pleasure in seeing other people lose money. Maybe, I did but this should not matter to you.
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This is all a distraction; the opposite emotion is true too. Whether it’s being attacked or looking for comfort in some nurturing again. These are all distractions whether it’s being attacked or looking for nurture, if you’re seeking out someone a message possibly from an influencer on YouTube or Twitter to make you feel better to nurture. To tell you everything is going to be. You’ll probably look for that next time unless you break the cycle. That cycle is the beginner’s cycle, so don’t miss this opportunity to break the cycle. These experiences cannot be bought. You don’t want to throw them away, my goal in crypto and investing is to create leaders not a bunch of men that turn to the next influencer for help to feel better. When the markets turn south all financial markets whether stocks real estate or crypto demand you to be your own leader, in your own right. If you’re going to make it long-term, there are no secret tips, there’s no secret shortcuts. It is just a way of experience and that experience comes a lot from our internal emotions on how we react to these events and the internal news. What we’re giving ourselves is the most important; the external news is least important for our long-term success.
so use this experience in cryptocurrency to level up now that we have had such a major event. Don’t go back to being a beginner searching for how to buy crypto. What tips are next 10x altcoins? These things are bound to come up again and there will be some great information in them. But long term you need to become your own personal investor create a plan now while the markets are down and you’ll reap the benefits of this. As you continue to implement the plan throughout the next stage of the cycle part of that plan can be to implement strategies to help us become more honest with our own investments and also implement stop losses to protect our capital before it’s too late.
When I think about honesty I think about these projects, we’ve invested a lot of time in them. Whether it’s trading them learning about their ecosystems, the fundamentals of the projects. Unfortunately, a lot of these projects do go to zero. The sad fact is many people are going to continue to buy up. These project fools are going to continue to believe in the broken hopes and dreams of these failed tech projects. But I urge you to be a little smarter with your investing moving forward. I want to see people succeed in this space and stay long-term because that is going to allow the space to grow.
So, don’t be so naive about these projects with the hard-earned money that you’ve probably saved from a nine to five grind that you’d probably prefer not to return to. If you’re still at the grind this should be a fantastic incentive to not just throw the money away on other projects. The interesting thing about all of this is the financial markets are actually here to help us learn to teach us lessons about ourselves. If we dare to explore our downfalls. We all have them and we’re never going to be perfect, but we can commit to improving and set out our own personal investment plan on how we are going to achieve this. I wrote this message for you listening here today as much as I wrote it for myself. I’m not perfect however I strive to improve my trading and investing every day. I remain financially free for me, my family and I hope you have the same goal too. Bear markets are a great time to reset your mind, get clarity and figure out. What it is you came here for without a specific goal and plan to achieve that goal. You’re bound to repeat the same mistakes in the next crypto. Bull market again this message goes for me just as much as it does for the next person who is interested in achieving their goals in the years.
This article is a transcription of a video made by Jason Pizzino
Original video: https://youtu.be/6Qv_cPL2hVQ