One of the reasons that I felt it important to create a site like this, it that starting out in crypto can be so overwhelming, and have so many different pockets that need to be researched, that it is easy to drift away from the fact that you are investing your money, and as such you need to have an understanding of the market and it’s cycles, and what type of investment strategy you are employing. At the start, it can be such an ordeal to get 5k into a wallet and then into cryptocurrency coins, that by the end of it you simply dump the money in somewhat irresponsibly. This can happen due to research fatigue, caused by trying to figure out what’s what, and not actually researching the market or the product that you are investing in.
It is extremely important to understand what you are investing in. There can be so much hype in the crypto space that it is easy to get swept up in the pandemonium. I myself was guilty of making some terrible investments at the height of the 2021 NFT bull market, as market conditions made it seem like easy money was there to be made. Of course, the right thing to do is to look at investing on a longer time frame, and to get your money in during the lowest possible point during the bear market, preferably by way of DCA. When the bull market is running hot though, it is easy to make emotionally driven, hasty decisions with real money. It is important to understand that the market goes in these cycles before committing your cash to an investment.
