Dnotes,
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
Hey Chezzz. I know most of the DNotes team and community has given their advice. If I could give my 2 cents to you and other new investors too. I've been involved in the crypto industry since 2013-2014(ish). It has been a roller coaster ride most of the time. It's kind of the nature of this untested, new technology market. This pull back isn't the first, and wont be the last. I've seen gains happen just as fast as the drops. To be sure, investing in this is not for the feint of heart. I've had many stomach aches along the way..lol.
I hope you've done a little research before hand, to know the technology you were investing in. If so, you should feel confident with your decision that crypto can truly be revolutionary. Without a full understanding of the power of blockchain or DLT, it might leave you left wondering. May I suggest you look up some "TED Talk" blockchain videos on Youtube. The many different guest discuss how this technology can change and solve problems of the world. Even if you have a general idea, do some deeper research. Get to know all the in's and out's. I think with a greater understanding, it'll put your mind at ease.
Then go one step further...go through all the DNotes forum posts and DNotes Youtube video's. Really understand what DNotes is building. I think you will find there's no other project out there better positioned right now than DNotes. This should give you comfort as well.
Hopefully you didn't go all in with your investment. With dollars on the side, you should have comfort knowing you can still pay bills, live life normally, and maybe have a little left to average in with at these low prices. Also, have a longer term investment vision of 2+ years. Don't have a day trader mentality. Very, very few people can trade this market and become millionaires, like some like to portray. This market is very unpredictable, and probably has eaten up those traders. Holding in a great project like DNotes, is the best way, IMO, for newcomers and veteran's alike to be successful in the long run.
As someone mentioned before, you only lose money if you sell. Buying high and selling low is the worst decision, IMO. I personally have taken the mentality that I would rather just go down with the ship, than sell low, only to have the market rebound and then you're really kicking yourself. This keeps me sleeping well at night.
IMO, there is a lot of unfounded FUD out there right now. A lot of main stream news that is blown way out of proportion, or out right lies. (This seems to be M.O. anymore) Some of the bad news is true, but with it, hopefully we'll see a lot of these scam "platforms", crap coins and ICO's get thrown out with the trash. This industry has been in need of a clean up, and will only strengthen it in the long run. Not to mention, January typically tends to be a bad time for crypto's. (I wish I was better at history myself). All the fundamentals are the same as they were a month or two ago, if not better. It was only around Dec. 10th when we crossed the same overall market cap we're at right now.
If anything, just step away from coinmarketcap for a while. Stop watching the daily or hourly price. Let things settle down. (btw...i find
www.livecoinwatch.com a better website) Like it's been said before, only you know what's best for you and your situation. For me, I haven't flinched (much) because I believe DNotes, and crypto in general has a huge future ahead. I'm confident and excited for the rest of 2018 and beyond. I'm glad you found DNotes, and hope you'll stay around.