Risk, Potential and Volume

Over the years, I've found that approaching the market in the simplest of ways possible can be rewarding. While all the charts and indicators are flying around, I just go about my business without ever having to bend to their whims.

Let's face it, nobody knows where the market is going for sure. I mean, we all know that most assets will ride on the curtails of Bitcoin whenever it steps up but beyond that, we can't say for sure where things will go.

So, to make my life easier, I just focus on getting my numbers up and then let everything else fall under that. All I'm saying is, that the more the merrier.

Day traders who spend the day scalping profit will have a different perception of the market. However, if you don't have a trading bot that uses a sophisticated algorithm to win, then you're most likely not going to be able to compete favourably in the market anyway.

If you treat crypto investment in the same way normies treat traditional stocks, then you could go through the perilous crypto journey without ever looking at a chart.

Focus on the Product

I like to focus most of my strength on projects that have an actual working product. This is the reason why I have a soft spot for Hive and Travala, amongst many other projects.

When you invest in working projects, you can rest assured that, in reality, value is constantly being created.

The fact that a project creates value has a thriving community and is constantly working on its development is enough reason to invest. I believe that what the charts say in exchanges is irrelevant since it's all mostly just bots speculating prices.

So when the bots, Bitcoin, charts or whatever brings down the price in the market, I take advantage of those situations to add to my collection.

This is why in the past couple of weeks, I've been able to add more AVA, Hive and pretty much every Hive-engine asset to my collection.

Risky Potential

Recently, I dropped a publication about LVL and PsyberX and one of my readers raised an interesting concern. The comment was questioning my decision to risk and believe in the success of PsyberX.

According to an insightful comment, my decision to invest in Psyber X, through the purchase of LVL, is more of an adventure, rather than an actual investment decision. He continued that he only invests in actual working projects and that's a sentiment I share.

Whether we call it an adventure, faith or anything in between, the fact is that it is a risky move to invest in LVL because there's no actual working project. There have been some developments surrounding the game but until we have the game to play, LVL is just a bunch of numbers on the screen. it.

Here's the thing though, if you never try, you will never know what could come out of it. That's also another approach that I use when I invest in projects.

At the end of the day, everything is a risk in life. As you probably know, more risk means more reward.

I obey the basic principle of only investing what I can afford to lose. However, if a couple of dollars could help me get a few thousand of a token with a maximum supply cap and could be part of something monumental, then I'll do it. This is pretty much how most Bitcoin millionaires and Billionaires were created anyway.

In both bull and bear markets, there will be projects in development. It is important to not get carried away in investing when numbers go up and risky to note take a chance on investing what you can afford to lose when numbers not looking sexy.

In summary

It is easy to get excited and invest when "number go up". That's fine if you understand the market and can predict tops before they happen.

However, you don't know anything about charts then all you have is your gut and whitepapers. You have to treat your crypto purchases as investments, thus picking functioning products to add to your portfolio.

One thing for sure is that as long as you invest in a project that genuinely creates value, then it will stand the test of time. However, you'll never be a part of the success if you don't risk it.

Disclaimer: This is not financial advice, do your own research and only invest what you can afford to lose.

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