Often, people come to crypto in hopes to get very high returns within a short time frame. Yet, most still prefer to buy & hold despite the market’s risks and a big chance of losing everything.
Nevertheless, the game is changing and more and more people are looking for ways to sustain financially in the crypto market over the long term and avoid huge swings.
But sustaining (in other words, maintaining a positive performance) long-term is a challenging task – you must have tons of patience. Unfortunately, too often people give up once the bear market hits. The reason is simple – they haven’t found the right approach and exposed themselves to dangers that an experienced investor could have avoided.
But you don’t need to go through a painful journey. All you need is to to find a way to cut volatility and have emotions in check.
Let’s talk volatility. Essentially, volatility is the price swings, both positive and negative. While stocks can move around 1% in both directions, crypto can jump and fall as much as 5%! Now, the figure seems small, but imagine -5% every single day for two weeks. This compounds into huge losses, and very few users can sustain that.
So, in the long run, investors experience several dramatic uptrends and downtrends. It’s possible to argue that the overall market will move up over 20 years. But will you have enough nerves to withstand the market downfall of 80%?
What if you face 50/50 odds and have to make a decision now whether to sell or stay? Can you remain calm? The majority of people can’t, and that’s a huge reason why they can’t sustain.
Overall, volatility is one big factor that makes investors anxious. What you need is to o find a way to cut it, thus protecting your funds. Then, you will enjoy a stress-free life.
So, it’s a bear market, you were hoping for a different outcome since everything was rapidly rising up, and now all that is left is hope. So, when you face a situation when your funds just go down the drain, will you be able to sit back and watch?
Perhaps, but that isn’t easy. Most users don’t have a shoulder to rely on. They are on their own, making their own decision, blindly picking the road.
After all, crypto is a new tech, and while we are certain it’s going to stay, we can’t really predict how it will evolve. For this exact reason, it’s mentally challenging to take leaps of faith over and over again.
Something similar happened not so long ago, known as a dotcom bubble. In a nutshell, the stock market was on a huge rise in the 90s due to internet companies popping up here and there. However, the market became overvalued at a certain point and collapsed. Investors lost their money. But over ten years, survivors like Amazon made those who stayed in a game a fortune. And those who stayed had VIP asset managers by their side.
So it is simple – if you want to sustain long term, find yourself a shoulder, a safety net that will protect your money.
Sustaining and maintaining a positive performance over a long period requires a shoulder to rely on or a safety net. Without one or the other, you will have to brace yourself for the large swings and emotional imbalance.
There are many options out there – you can try trading bots that offer a universal, one-strategy-fits-all solution for a $25-75 monthly fee. You can try to DCA (Dollar Cost Averaging).
However, we believe the key to positive performance is a personalized approach. The wealthy preserve their capital not because they spend hours and hours thinking about a decision but because they have advisors that have in-depth market knowledge. And these advisors are expensive. For a regular user, they are unattainable.
But why do you need them if you can get Libertify with a free trial? Libertify is the same and might be even better for several reasons:
Unlike many other competitors, we have a team with over 50 years of banking experience combined. We use our banking knowledge for the good of crypto users and apply the best asset management techniques to bring an affordable and effective asset management solution to a wider public. See for yourself, start here.