Why Invest In Cryptocurrency: Adopting The Right Mindset
Before we begin talking about why you need to invest in cryptocurrency, you will first and foremost need to adopt the RIGHT MINDSET. What does having the right mindset mean? It means being open-minded, thinking positive and not whining or complaining after making a decision, and being accountable for the choices you have made. Complaining and whining won’t get you anywhere and doesn’t affect the market in the slightest.
Over the last couple of months, cryptocurrency has become a global phenomenon to many and has taken the world by surprise. While not everyone understands the cryptocurrency realm and how exactly the system operates, banks, governments and companies are aware of its importance. The cryptocurrency market cap is very volatile where the value of a crypto coin may reach thousands of dollars. Therefore, it would be a waste if you choose to ignore what is currently happening in the market when there are countless opportunities for you to pursue. Knowledge is power and what you do with it, can make all the difference in the world.
To have the right mindset to begin with, firstly you must be excited to start! If you know how vibrant the world of cryptocurrency is, you would want to start right away. How can you start investing in something you have completely no interest in? When you venture into an investment without the feeling of excitement or eagerness, it will reflect on the money you’ve earned. You will only feel a lack of fulfilment and worse still, it is as if you are being forced to do something you do not like. It might seem daunting at first but have faith, this is a revolution and you don’t want to miss out on being a part of it.
Two important principles should always be ingrained in an investor’s mind before
(I) Focus on opportunities, not problems
Many investors can come up with a 100 problems but can’t even think of a single opportunity. For instance, “It’s impossible to understand the whole cryptocurrency system” and “the cryptocurrency values are very volatile and I might lose all my money” or simply “I don’t have time to invest“. We know where this is heading. It is true that sometimes there are so many obstacles that it becomes difficult for us to identify opportunities.
However, do not let your challenges discourage you from exploring the rich market of cryptocurrency. After all, you have to start from somewhere. Treat this like an opportunity to learn something new because no knowledge ever goes waste. Further, if you knew of the countless opportunities available, you would never complain and be pessimistic of the drawbacks as you would probably overcome them.
(II) Take action and stick to it, don’t succumb to fear
A great mindset would be meaningless without action, so go forth and take action! Fear has never worked out for anybody. Remember, in order to get somewhere, you have to leave your comfort zone and take that leap of faith. You have to start now. So remember to be firm in your choices, believe in what you pursue and make a difference in your life! Nobody else but you are the driver of your destiny, so study, calculate and take action.
As a 9t05 working mom, I truly believe that crypto currency has opened my mind that financial freedom exists as long as I make the right decisions and leverage in the right opportunities that are in cryptocurrency.
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Disclaimer : I am not a financial adviser, a tax consultant nor a cryptographer but what I am sharing with you is purely based on my experience in the past 2 years.