Crypto Life Balance
Burn-out happens to anyone who does not take care of themselves. You have only one body which you cannot trade on an exchange. Your Market Cap is 1.0 and you will never be an ICO. Whatever your investment strategy may be, please remember to sleep and eat and take breaks from all the crypto craziness.
Another day in crypto land where the markets went a little crazy and traders reacted in multiple ways. Check out the Reddit thread below (cmc_just_tumbled_the_whole_market_with_one_move/)
Spectre06 - The issue is that the crypto market moves incredibly fast and runs 24/7. People wake up and see massive red across all of CMC (CoinMarketCap.com), it creates a panic response pretty easily. Not saying panic selling is smart, people just do dumb things to try and protect their money. I just can’t believe they did it without even announcing it. Kind of reckless TBH
hattothemoon - I think markets being open all the time is part of the appeal
Spectre06 - It is. It’s also a major part of the anxiety. Market close gives people time to think, reflect and plan. In crypto, you always have to be on guard.
bravo_pooper - Think about it this way: half the world is always asleep, meaning only half the market can be idiots at any one time.
Thethirdtoken - Joke's on you, I NEVER SLEEP!
Edgecloser - Joke's on you, I am an idiot all the time.
AVLights06 - Its stressful and people are losing sleep.
ddoubles - It's a vicious circle. People will indirectly die from this mania, the ones who survive will evolve us into a sleepless humans.
landmindboom - We're not even in our final form, guys.
chillip135 - People who are losing sleep and stressful shouldn't be investing.
So what is your plan?
Before you invest, make sure you have enough FIAT to cover your expenses (up to 3 months).
Invest only what you are willing to lose - Yes this is highly pessimistic but the risk is real.
Invest only in projects you feel you understand. This will allow you to ride the waves of the market because you believe in the technology, team, roadmap, white paper...
Even if you see a huge swing or announcement, realise that the market is getting more resilient to any one change. What was dramatic six months ago becomes a relatively small dip when you expand the picture.
Take a break from the screens everyday. They will still be there when you come back.
Just like the dopamine hits that social media have purposely marketed for years, the never ending stream of crypto information can be just as addictive. If you are just starting out, take some time to educate yourself about the market swings, media objectivity and how to evaluate an ICO.
Get your sleep. Balance your blood sugar. Breathe.
Coach Kelea
Reposted from: https://fyreum.org/2018/01/09/crypto-life-balance/