6 Stages of Cryptocurrency Investing

The problem with investing in a market this volatile, you have to be able to see the future if you want to be sure of making any money. For everyone that can’t, you’ll feel an overwhelming amount of emotions. It’s a rollercoaster, so strap in and enjoy the ride.

1 FOMO
This is how you start. That guy in the office made £500 because he bought some shitcoin instead of going out on Friday night. You decide not to go out this weekend and follow his lead because if you don’t, come Monday morning your life will be the same and that guy will keep going on about it. I’ve been on both sides and I can guarantee the side where you have thousands of pounds is preferable.

2 RELIEF
You bought in before that big news hit and you made some profit. Lucky. You didn’t have any idea you were this good. Imagine if you hadn’t bought that shitcoin; life would be that much worse because you’d still be at stage 1 and no one wants to be there.

3 HAPPINESS
One week in the world of crypto and you’ve made 37% profit. That’s more than you could hope from any savings account. Banks are useless and crypto is king. Think of all the things you’re going to do with that money. Any normal trader would take that 37% straight to the bank, but you’re a HODLer now. Weak hands are bad for the market, or that’s what they all say. Next week that profit will double so just leave it alone. Enjoy life. Go outside and enjoy nature because everything is better when you’re rich.

4 ANXIETY
Why won’t the red candles stop? It’s been over a week now and it’s relentless. You bought that shitcoin because they said it was the right thing to do. Who knows why it exists but people are buying it so it must be good. Look at Dogecoin, it deliberately has no purpose and it’s got a market cap of $2b! Shitcoin was on the up and up for a while, but now it’s taken a dive. You know it was the wrong time to buy. It was at an all time high, but you didn’t want to feel that FOMO again. Maybe if you check blockfolio every other minute something will change. Right?

5 WEAKNESS
Your hands are weak. If you sell now you’ll only lose 10% on your investment. That’s not so bad. This was supposed to be fun and now you can’t sleep. How did that guy in the office make so much money? Was he lying about it? Just cut your losses and forget about shitcoin. It’s not going anywhere.

6a SCHADENFREUDE
You dodged a bullet there. Shitcoin is basically worthless now. You would’ve lost half your money if your hands weren’t so weak. Maybe that makes you a half-decent investor. You can run it in that guy’s face in the morning.

6b CHAGRIN
If only you knew how to analyse charts. You would’ve seen that breakout coming. 20 minutes after you sold and went to bed, China woke up and bought the dip. It’s 10x now. You know that guy is going to mention it in the morning.
1. FOMO

Someone keeps talking about that new coin. What if it’s the next ripple…?

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