There has been a number of crazy movements in the crypto world. No one can really explain the reason fundamentally but it created a bunch of young millionaires especially from Elon Musk little tweet about Dogecoin.
With only 11 days in the market, Shiba coins seems to be the next trend of meme coins. Woof Paper perhaps of white paper: https://www.shibatoken.com/
Pretty funny comments I would say reading the whitepaper. I hope VB burns or keep SHIB.
Buy or Risk? It really depends on your risk taking level. No pain no gain, no risk no returns.
Currently, it seems like you can use 2 ways to purchase SHIB:
a. Buy via Crypto.com App
b. Buy via metamask [Through the Ethereum (ETH) network]
c. You can buy it through Binance now. That’s pretty huge.
Crypto trading and currency is not for everyone so do your own diligence. Don’t FOMO, invest wisely. Good luck! Now, to the moon.
If you decide to sign up with Crypto.com to trade any other coins, Use this Crypto.com App to sign up for Crypto.com and we both get $25 USD. Referral Code: im3py887ty
Humans are interesting. Technically and Fundamentally. There has been a lot of discussion around behavioural finance but I tend to see that as behavioural psychology. For the human mind, there is a sense/emotion that triggers a good feel or bad feel and that triggers almost every decision we make. I’m no exception but it very strange. How does this affect us? I believe it affect our decision to buy a company, invest a counter, sell a counter, buy a long-term product or even purchase a new gadget even though we don’t need one.
Needs versus Wants
The most old school human nature is the needs and wants. I kind of feel that this is forgotten after being used so extensively for so long. We are forgetful creatures so we have to be constantly reminded into the basics. As defined:
Needs – They are necessities and compulsory. These should be our main focus when living life to the greatest. As I have always said, there has to be a balance as well. Sometimes, it is good to take a step back and don’t follow the sense or what seem logical to be doing. It takes routine out of norm momentarily.
Wants – They are good to have and not mandatory. However, they are stuffs that has an alluring sense to being able to own it. It does not happen all the time but these are mostly things we want to own.
More often than not, we make our goals in order to achieve our wants. Those stuff are not sustainable. They make one feel good or even give a great sense of achievement.
This is probably an ingrained set of behaviour that has always been affecting human being. If we win, we win together and if we lose, we all lose together so it isn’t that bad. But com’on, that isn’t really correct technically. Herd doesn’t give you immunity to anything. No one gains from the same damaging impact (If the end result is negative) but on the flip side the herd tends to celebrate when there is a success during the end goal.
It also doesn’t mean that by following analysts call, it is always the right call. How much of those really do impact your decision. I would like to think that most people decide to delegate the job of choosing a counter to the “experts”. However, it just means to always do your due diligence. If it matters to someone, you will take that extra effort to do so.
These days the market doesn’t just pick up everything from one big investor call. Geopolitical tensions and psychology plays a huge part in everything as well. The talk about the famous words Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” This is a little overused but it makes absolute sense. However, this need to be taken into context as well. Is this the typical trader or the long term portfolio building strategy? We can’t typically pull a rabbit out of the hat and apply this to every scenario.
To date, I still find too many irrelevant quotes applied to conditions that are simply not apt for the scenarios. Even when the scenario seems apt, it may not be because of the situation every individual is in. Which is why, time and again I emphasize that there is no one size fits all strategy but building and learning from each other.
The $1 million investable asset versus the $100k versus the $10k versus the $0 can really learn from one another. It is never too late to do so but by not doing anything, that’s not doing yourself the favour to plan ahead.
If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
Let me know what kind of articles resonates with you and what you would like to see or hear. I’ll try to make those more frequently. After all, the main objective is to create a community of sharing and learning from each other. The end goal is to be financially free.