3 things the #VergeCurrency Investor has forgotten and must recall
I am no ace investor. But a lot has been happening in the #VergeFam these past few days that should not be happening. I’m not referring to the Developers, there have been mistakes there, they will fix there, I am referring to our responsibility, as INVESTORS in Cryptocurrency.
Notice I use the word INVESTOR for all of us who are ‘hodlers’ of these very volatile things. I use the word ‘Investor’ because I want you to have that respect. The respect of being an investor, not just some kid looking to quadruple his Christmas money.
Having said that, here’s what the whole #VergeFam needs to bring back into perspective. The three most important things the #VergeCurrency Investor needs to remember, be sure to watch out for the bold, capitalised text.
- “Investors” do not PUMP and DUMP. Investors ‘BELIEVE’ in an idea based on facts. Never show FEAR, it is contagious.
- Rome was not built in a day, give the #VergeFam time.
- When you are not an expert market tracker, there is no alternate to DIVERSIFICATION, it serves as a automatic HEDGE.
“Investors” do not PUMP and DUMP. Investors ‘BELIEVE’ in an idea based on facts. Never show FEAR, it is contagious.
True investors select an asset, let’s call this asset #VergeCurrency. They then identify why they think that asset is going to make them reasonable gain in the short or long term as the case may be and then buy in and STAY Invested. Pumping and Dumping creates uncertainty and breeds and attracts the wrong kind of investor to the #VergeFam, i.e. somebody who isn’t really an investor. Can we stop them from buying in? No. Should we? Of course not. But can the real believers in #VergeCurrency stay true to the goal and not participate in a Pump and Dump? Sure we can! When the going is good, it is an investor’s right to enjoy himself and gloat. When the going is bad, an investor must NEVER show fear, fear is contagious. When the going is bad, an investor must show, faith.
Rome was not built in a day, give the #VergeFam time.
Take for instance any large company in the world. They were not built in a day. Rome was not built in a day. This holds true for Verge. We must understand that as hodlers of cryptocurrency, we blessed with an asset that could scale mountains while at the same time being cursed by the same asset because it’s following tends to grow much faster than the features it promises to deliver. Features like Wraith, may be imperfect, but mounting pressure from millions of hodlers does not make the developer’s job any simpler. I’d like to think churning out software is complicated, even for the best software developer out there! Does it make things easier for him / her when he’s put under tremendous pressure? The #VergeFam which includes me, should be a little more patient while choosing not to participate in speculator Pumps and Dumps a phrase I have grown to loathe these past few days.
When you are not an expert market tracker, there is no alternate to DIVERSIFICATION, it serves as a automatic HEDGE.
Regardless of what one feels about an asset class or an asset in particular, in this case, #VergeCurrency, diversification serves as an automatic hedge against short term losses that one is bound to encounter with such a speculation driven state of affairs. Do most genuine investors hate Pumps and Dumps? I’d like to think they do. Can they do anything about the Pumps and Dumps other than hodl their positions and not give into short term temptation? Yes, they could diversify into a few other altcoins while solidly maintaining their position in #VergeCurrency.
I hope this article does not offend you, that was not the intention. The intention is to bring a little bit of perspective into where we are and to urge you to believe in the use cases of an asset class and then give it time. I’d like to think #VergeCurrency indeed has a long way to go based on it’s use cases and features (Wraith being the latest), all the #VergeFam needs now, is a little bit of #FaithInWraith.
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