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.
Disclaimer
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These pictures were taken off SHIB website for reference.
At last, the million dollar question – When is the best time to really invest. I really doubt anyone can really answer that question. To take on a serious note, the below points in my own opinion matters to when exactly is the best time to invest.
There is no best time
a. It depends on which part of your life you are at.
b. It depends a lot on how ready you are to commit. It takes a tad effort to do so when you want to invest.
c. Mental plays a big part. I don’t know or I’m not sure doesn’t cut it in my opinion. Everyone need to start somewhere. Today’s world is extremely informative so there isn’t really an excuse other than being lazy. (To a certain extent, it means that you have to take that effort to understand and learn)
d. It is never too early or too late. (Investing $10 you have today let you kick start your journey. If you don’t start, you probably won’t as well)
e. Everyone’s horizon and comfort is different. You have to stay disciplined and well-informed at the same time.
f. Never say never. Things changes and things happen – your chance will come but waiting is sometimes your worst enemy so comfort might be the best choice of word here.
Now, this isn’t a clickbait topic but recently I heard about being people rushing in to get their monies to invest in certain asset classes. While I am a big fan of new ventures and new exploration in investments, you kind of need to be in the know in order to assess the risk if a certain investment is worth it. A recent trend about FOMO (Fear of Missing Out) is getting a little out of hand. I think in investing you need a clear mind. If you know what you are getting into, heaving FOMO is actually okay. At least it calls you to action. Most people just wait for things to happen which is rather meh.
There are many alternative asset classes available today. This is quite amazing as the banks used to hold the “Traditional” Asset classes such as Bonds, Forex, Equities, Structures, Options, hedge funds and private equity. Some of these access are only available to the rich.
Today, there are a huge variety of investing asset classes such as fine whiskey, fine wine, NFTs (Non Fungible Tokens), cryptocurrency, trading cards, Pokémon cards and many more. Money (Also known as Fiat Currency) are going through a digitisation process. No one ones what the future holds but for now, the adoption is still relatively low so my take is that there are still legs for growth.
The point of this article is to really remind ourselves what is a comfortable price valuation for anything that we do or purchase. Once that is being decided, then we have to move on and not harp over the fact that there is a price drop or if you should have bought it a few months ago.
Every step of the investment process is always a dilemma. The choices we make in life is very different and it varies the sec, min, hour or days. Even having a bad day at work also affects our decision.
Factors
The following is what I personally feel affects our investment decision emotionally:
a. FOMO
b. Stock tips or special investments (never succumb to rumours)
c. New investment asset classes (It excites me because I would think it is the new BTC – 1000x)
d. Alternatives to traditional investments (Regular investments are boring seriously)
e. A bad day/heated discussions or arguments
f. People showing their wealth from certain investments
g. Unique and exclusive (Limited) investments (Pre-IPO related)
Investment knowledge comes a long way and is always revolving. I personally believe banks are growing to be passé over the longer term. Wealth Management is only required for the selected few or many. There are so many options available to invest your money into that there isn’t any need to seek any alternative opinion. If you don’t care about your own money, then no one else will. Then again, others will have no time to manage that part of their finance and will require some managers to do so for them. That said, I always like to repeat my stance about investing and it is never one size fits all.
The sole duty of investments lies on yourself. Eventually, with or without a manager/expert analyst, the investment decisions and risk is one that you take on your own. So, we can’t really blame anyone for this. Some choose to pay a premium for the service rendered to save time while others choose to DIY and explore cheaper alternatives. There is no right or wrong in doing so – However there is a difference between penny wise pound foolish.
