Crypto Investors: Bitcoin is a Long Term Marathon, not a Short Term Sprint

Crypto Investing Is A Long-Term Thing

A Trend Called Cryptocurrency

While cryptocurrencies became popular almost immediately after Bitcoin (BTC), and later Ethereum (ETH), first appeared, the majority of crypto investors only recently discovered them. Before this, a lot of people were not even aware of cryptocurrencies, only hearing the words “crypto”, “Bitcoin”, and alike from time to time and out of any context.

The life was good enough as it was back then because nobody knew of anything better. However, when cryptos became popular enough to reach the mainstream media, that is when their popularity really skyrocketed. People uncovered a new way of making a significant profit, and everyone jumped on the chance to make money.

Despite the fact that a lot of people have become rich by dealing with cryptos, a lot of people still doubt them. However, the curiosity usually leads new and suspicious crypto investors to look them up, reading about the technology behind them, and eventually investing small amounts, just to try things out. Further research usually leads them to uncover the entire pools of interesting projects with a lot of potentials, and the overall excitement continues to grow.

Eventually, this excitement went from a few crypto investors to a global phenomenon, and it caused the largest bull run that the crypto world has ever seen. The bull run, as many already know, lasted from October 2017 to February 2018, and it allowed cryptos to reach record heights. Then, South Korea and Japan became consumed by regulatory fears and tried to contract the market. The US soon came as well, asking for taxation, and the bull market went bearish, which continued ever since.

Patience Is Crucial

The speed things were progressing in this part of the history of cryptos has caused many people to doubt them even more. Digital currencies have already been subjected to high volatility, and the additional attention and a surprising increase in money flow made it even more unstable. This has caused the prices to skyrocket, and new investors came running, hoping to make money, and fearing of missing such an opportunity.

Those who cashed out at this point became rich, while everyone else suffered extreme losses.

However, all of this came due to the fact that not enough people understood how crypto investing truly works. To put it simply, investing in Bitcoin and other cryptos is a marathon, and the current situation was caused by everyone treating it as a sprint. Buying assets just to sell them is not enough to make you rich, and holding them for more than half a year is the proper way to do these things.

Of course, there are necessary steps to be taken even before the purchase itself. The investors need to properly study their chosen asset, research it, and find what ‘makes it tick'. The coin's goal, project, roadmap, technology, team, product, and much more are all necessary information that one has to know in order to make the right call and invest in a worthy coin.

Let's take TRON (TRX) as an example. Sure, the coin's price is low right now, and it would make sense to buy it while it is cheap. However, without knowing its story and future plans, you do not have a guarantee that the coin will ever be valuable in the future.

While guaranteeing something like that is difficult even for the much more successful coins (regarding the price), investors can still expect it after learning of the coin's plan to decentralize the internet and revolutionize the entertainment industry.

Investing in digital assets is not as easy a thing to do as it may seem at first, and there is a lot of research to be done in order to make only an educated guess. Still, an educated guess can take you a long way, while relying on luck when picking a coin to invest in will likely only lead you to ruin.

So take your time, inspect the coin, learn everything you can about it, and then decide. Additionally, when you buy it, don't be in a rush to sell. Hold it for a while, and see where it takes you.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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