There is a lot of FUD pressure to sell right now, are you getting caught up in it? Try to avoid making decisions where at a future date you think back and kick yourself in the ass for making a foolish decision.
Crypto is crashing!
It's the next "great depression" for those who are holding crypto!
It's just a bubble!
You're going to be ruined holding worthless digital tokens!
Is that so?
Despite falling prices, more people are still investing. The same was happening in the dotcom bubble too. But like the dotcom bubble, you might be cashing out on some killer investments for the future.
Yoni Assia is the CEO of the trading platform eToto, subtitled on search engines as "The World's Leading Social Trading and Investing Network". Instead of join in on th FUD and hysteria, Assia is not speaking against crypto but is relating crypto startups to the .com companies from 1995 to 2000. Despite not many making it, many did and became giants.
As transformative as the internet was for the new millennium, now it's time for a new technology to revolutionize the world. From the early days to now, Facebook and Google went up by 1,000%, and Tesla went up by 2,000%. Cryptocurrencies are in that early phase. Investing in Facewbook, Google or even earlier with Apple would have been smart, but people have to make the decision one their own.
There are many cryptos out there, and only you can choose which one to get into. But selling it now when you got in earlier just to take some profit from uncertainty about the future of crypto, is being short-sighted. You might need the money, but if you don't, don't do it, as Assia says:
"My long-term view is selling crypto now is like selling Apple in 2001. You do it if you have to do it, you don't do it if you don’t have to do it".
Once someone learned about the internet, they wanted more people to use it. Once people used about a cool Apple product, more people wanted to use it. Blockchain is having the same effect. Once you learn about blockchain technology and how it can change the world, you want more people to use it, and want the world to be changed just like it was with the internet.
Blockchain is being pumped into many sectors, like the medical and engineering industries. Blockchains transparency and decentralization makes it an ideal solution for electoral systems where hacking and voter fraud would be a thing of the past. Will all these hopes and dreams pan out? Many people are working on making it happen. Like the dotcom industry, time will tell if it's a success or not.
Thank you for your time and attention. Peace.
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