Hello Guys :-D
THIS IS NOT A REGULAR POST RELATED TO ANY CRYPTO, OR NEWS ABOUT ANY NEW AND OLD PROJECT, IN THIS POST I SHARED SOMETHING WHAT IS WONDERING IN MY MIND RELATED TO INVESTMENT PLAN AND HOW CAN WE GET SUCCE5,
Let us accept it, That the COVID-19 pandemic is one of the most significant incidents of the 21st century with far reaching consequences, it is being compared to the two world wars and to the great depression. But the last time whole World faced this kinda incident something like 100 year ago and they didn't have such facility to recover,
Nobody knows how the corona virus pandemic will end. Whether it will go away or whether a vaccine is discovered or whether we all have to learn to live with this pandemic for the next few months, year, or more.
One thing is sure. Our live will changed and a lot of that change will affect our financial live too,
The COVID-19 pandemic is likely to leave a permanent imprint on every market ( here i mean moreover financial markets ) whether it stock, crypto, Gold, oils.
With social distancing, work from home, etc. Norms or rules and regulations placed in life so here technology will play or playing a big role in our every kind of daily life. And that's not to say that it was not already, but it will become little more intrinsic part of our financial live, does not adopt will perish.
The New Normal in lives
Accelerate use of digital, and virtual assets for financial works and thus is good sign for crypto market
Accelerate use of digital technology for all financial transaction
Video conferencing KYC will replace physical KYC ( As far as i know crypto industry already using this technology )
Changed Thinking, Mindset
After the pandemic there will be many changes in the way of people think, they will go back to saving more because the realize that such emergency situation may come again. ( Chances is too high ?? )
The change in mindset of people with lockdown plunging the economy in a crisis, and expected salary cuts, and job loss, will lead to change saving and spending patterns, and these type of lockdown give people to think about virtual currency and wide uses of it, and real values of it,
The Vision
If you are in crypto already than you know the value of VISION
Be emotionless, be courageous, and be patience
Back to basics........
Crypto market is very volatile and "it is sad that due to some Early adopter and so called whales can make unstable market"
Crypto market crashes are best handled by getting back to the basics of long-term investment and have patience,
To make money and want to increase your wealth, you must have vision, patience, and being emotionless ( specific ability for crypto traders ) , and courage to buy and patience to hold, if you determine with these things you are in the list of rarest humen being.
VISION TO SEE.......
Vision to see is the most critical step of long-term investment. Before investing anywhere, anytime you must "DYOR"
ALWAYS MINDSET FOR IT
- Always keep your savings and investment separate
We all Know whenever crisis comes it comes without any warning
Recent example like COVID-19 pandemic it has crashed crypto market ( Not only crypto, even all related to financial sector ), if yow were remembering bitcoin dive approximately 9000$ to 3000$ directly with in two to three days, but best thing was that it short lived there and recovered fast, investors who is sitting on unicorn enjoyed a great run from bottom to top ( which is yet to come.??)
So big *real* advisors always recommend that we should keep our protection ?? and investment (what we can afford to lose) separately. And make investment in a diversified portfolio,
Invest in guaranteed happiness....
Always keep in mind invest in/for your happiness not be greedy
It's not about how much money we make, but how much money we keep. (Someone said but not remembering ??)
We need to make investment decisions that owns the Long-term and generate happiness, (money too.)
Conclusion
How can we make happiness for ourselves and family, create an optional assets allocation strategy. When making an investment make portfolio to fulfill your needs, goals. There is always a probability that you might fallout to achieve. So you can minimize that risk too by creating an optimal asset allocation that is well aligned with your risk return objective, know your investment, projects, "our goals are our responsibility" we should be aware about all kinda risk
