Too many of my peers, having grown up under the tutelage of baby boomer parents, teachers, and other advisors, are absolutely fearful of cryptocurrency.
Yes, it’s new, cutting edge, different, and takes a while to wrap your head around, but hey. The internet took a while to understand, too, right? And yet here you are, surfing, googling, emailing, skyping or face-timing, and spending a good deal of your waking hours online.
Maybe you’re on the fence. Should I? Shouldn’t I?
Just remember that when you finally do jump in, much as when you first dived into a swimming pool, the secret is to NOT PANIC. Stay calm. Does the price go down? No big deal. Does it go up? Great! Always keep in mind the price of cryptocurrency flucuates constantly.
If/when the price goes down from the price you opted in, the most prudent advice is to DO NOT PANIC. DO NOT SELL. In actuality, THIS IS THE TIME TO BUY MORE.
When the price goes up, and only when the price goes up, should you even think about selling.