Great Gatsby Dreams = BO$$ Profits

in #crypto6 years ago (edited)

Some are in the crypto space to change the world; some are in crypto for the eventual Scissor door Lambo, but regardless of which one you are, one thing is for sure; after the recent gut wrenching market correction, most in the crypto space want to prove to their friends and the world I told you so. This could be your J, J Gatsby moment where maybe you can't change the past, but "of course you can" change your future! So raise your glass J Gatsby style and cheers to more than tripling tokens of projects you believed in just weeks ago with every investment!! "Old Sport."

Gatsby.jpg

In my experience, the key to long term investment success is picking investments that you believe in (after you do the proper due diligence instead of hearing it from the 3rd cousin of the keiser and 2nd cousin of the devil) so you will stick around long enough to survive the lows and reap the highs. Having the utmost confidence allows you to pull the trigger when prices are low to dollar cost average while also not freak out to panic sell. When you know that your investment is likely to succeed long term due to industry trends, measurable metrics, utility and future value, you are able to keep the long term mindset through the process and see the party light at the end of the tunnel. "A little party never killed nobody" Just make sure with your investment that choices its not a light of the train at the end of the tunnel coming to run you over. (FYI, this goes without saying, If you invest more than you can afford to lose, that's gambling not investing. Sometimes I forget that in Crypto that has to even be mentioned)

Gatsby1.png

The good news, even though I am not a psychic and this is not financial advice, we are already down significantly. (In some cases an unfathomable 60-85% in most industries, but this is CRYPTO!!) Many of the projects are exactly the same they were a month ago and nothing has fundamentaly changed other than they are further along towards their goals but now valued less. A few examples: Bitshares hit $1. People were ecstatic to buy it at $.30, $.40, $.50, $.65, $.85 etc... It is now available at $.16 or more than a 5-1 special. Digibyte exploded to $.05, $.075, $.10, $.15 and is now available at $.026. Last time this happened, we saw 20X Returns with the snap of a finger. If in the end the project is the same and one could argue actually closer to reaching its potential, this is the opportunity to dollar cost average for the next bull run. All the signs of growth from a fundamental standpoint (I am not a trader) are still in tact for the crypto industry to rebound and continue its growth trajectory with the countless media exposure, increased adoption and breakthrough technologies. We are in the beginning process so there will be bumps and bruises, but if we can compare this technology revolution to the last one, we still have a ways to go. If it was worth abandoning ship, we should jumped a long time ago. To this point, after every significant retracement, we have seen a rebound and when the market eventually rockets, it does so faster then the Hydroplane. Many tokens need 3-5X returns just to reach where they were 2 months ago. Also from a market cap perspective, many long term investments of those that will make it are still generally small for the potential they bring to the table long term leading to major upside in 2018 and beyond.

As I mentioned before, I am not a financial advisor and this is not financial advice, but if you truly believe in crypto long term, the likelihood of its future value passing its all time high of over $700 Billion is rather high. One important factor to remember is that as the market matures, the probability is high that individual projects will correlate more with its own true value vs fluctuating solely on FUD, News, or on whether Bitcoin moves up or down. Many experts believe the blockchain and crypto revolution will one day surpass the internet bubble which reached $7 Trillion. So the question isn't if the market will come back, the question is are you positioned properly for the ride when it does? "My life, my life has to be like this. It has to keep going up"

If you stay the course and we build this community together, being early adopters we will be able to hit all goals of why you started and ultimately stayed in the game. The community will revolutionize the way the world does business, regain total individual freedom physically and financially, and for those that wanna fly, pull up in that drop top Lambo without an IOU and say I told you so!

ddlambo.jpg

Here are the names I have been adding and will be looking to add over the next few weeks. Leave a comment with what you are adding in this longer term horizon accumulation phase!

Added to my holdings this past week:
Bitcoin - The King (Picked up at $8650)
Stellar Lumens - Decentralized payment network w/ Strategic Partnerships
NEO - Platform in Largest market w/ ICO's, Smart Contracts, DAPPS, DEX, etc..
Digibyte - Fast, Secure, Cheap Payments w/ Fastest, Longest Blockchain
Bitshares - Decentralized Exchange & Bank (Moving onto EOS Platform)
Steem - Social Media / Content (Most active Blockchain)
EOS - Commercial Grade Platform w/ Horsepower - $1 Billion Investment backing for partnerships in coordination with Mike Novogratz

Looking to add:
Monero
ICX
Omisego
ZRX
Fun

Although we have a ways to go, I will eventually see you back on the moon

@cryptolegendhodl

*This is not financial advice, and is for entertainment purposes only.

Sort:  

...the key to long term investment success is picking investments that you believe in...

Couldn't agree more. Conviction should be a requirement when entering a long term position. If you're conviction wavers, you're more likely to doubt yourself and get out of a trade. Without conviction, these pullback periods will weed you out at the lows.

Appreciate the encouraging words. I will also be positioning myself to add to positions at current prices.

Technological innovation is one thing that is beyond their control. Lots of innovative brainpower is working on crypto. Central bankers are reactionaries stuck in a pendulum motion with mainly one tool in the box.

In a few years, things are going to be very different.

Very good post, I liked it a lot, I'll follow your publications.

Thanks. I appreciate it!

Good post!Crypto came into our lives forever!)

ололо.gif

I have to confess the picture of Leo is what braught me here but your words kept me here. Really like the way you look at the crypto space and your words inspire to hodl.
I am looking to accumulate some more elastos most likely. However the King isn't as strong in my portfolio as i would like him to be.

You can always use bitcoin to buy basketball shoes at dick's. /snark

Hi great post i like your insight i believe markets will rise and be better valued than all time highs the problem was it was over brought prematurely on hype so this decline was expected but overall it definitely is the future and has real world use with technology that cant be beaten.cheers

I love that you added the dumb and dumber photo...amazing post

Congratulations @cryptolegendhodl, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a User account holder (accounts that hold between 0.1 and 1.0 Mega Vests). The total number of posts by User account holders during this period was 2367 and the total pending payments to posts in this category was $4935.39. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Wow great article! Love the line only invest what you can afford to loose. So true! Thanks for the indepth work!

Pleas follow me

There are some great projects out there, so it's a shame when market is low, as it means i can't reinvest any margins. I just discovered a decentralised internet browser called Blockstack, although not open to investment. I also wrote to Amazon asking why i can't pay with Litecoin. Everybody write to Amazon! I can't wait to see what move they will make into the space...

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 61227.60
ETH 3022.96
USDT 1.00
SBD 3.88