The thing with cryptocurrencies is that they are highly tradeable assets that are open to trade 24/7 to almost anyone in the world. This does not apply to other markets, such as real estate or even certain stocks. Until recently, you couldn't even trade fractions of stocks like you can with cryptos.
I entered the crypto world in late 2017 and have been deeply involved ever since. I haven't made a fortune, but my faith in this technology and its future remains unshaken, especially given recent global events. Bitcoin makes a lot of sense...
But so do DOGE, HIVE, and definitely Monero as well...
I'm so confident in crypto that I even convinced my father to invest. His first attempt was a failure. I got him to buy Litecoin at $200 in 2021 and stopped him from selling when it reached $200. I can be a bit dim sometimes...
I've lost a considerable amount of money in crypto, but I've gained some knowledge, which helped me position myself better this time around. Instead of buying near the top, I've bought at the bottom for most of my coins, and I've dragged my father into it once again.
During a phone call in late 2023, we discussed various financial topics and politics, and I convinced him to invest in crypto again. This time, we went for DOGE. My gut feeling told me that the mother of all meme coins would do well in this bull market, and I bought some for him. You can't go wrong with DOGE...
Recently, when we talked again, he asked about his DOGE. I told him they were "resting," as we're still early in the altcoins bull market, and he's already in profit, which makes me think he'll make money in crypto this cycle.
His approach to his crypto investment is a valuable lesson for me. He's not impatient like many of us. When I told him he might have to wait another year or so to see a profit, he said he wasn't in a hurry.
Personally, I've become too attached to this cycle's shorting, which now frustrates me as I see the market isn't rushing to peak. Maybe that's a good thing, or maybe we're going much higher for longer, leading to more money than we can imagine.
In the end, it doesn't matter when the market peaks – summer or next year – what matters most is hitting your targets. Some people were concerned a few months ago about the market's aggressive rise without a cooldown. Well, we've had BTC ranging for about 90 days now.
I guess spring is coiling up again, ready to strike. What do you think?
Thanks for your attention,
Adrian