CRYPTOCURRENCY

Cryptocurrencies is a digital money, a digital currency! In the nest five to ten years, crypto will dominate the world. Guess what it gradually taking over as some countries already used it as legal means of  transanctions and payment.

IS CRYPTOCURRENCY A SCAM?

People with little or no knowledge tends to see crypto as a scarm because of the fluctuation that occur in price. Also people with the mentality of cashing out fast sees crypto as a scam.
First of all, Crypto is a great investment. It is not a quick get rich scheme as many people term it to be. Alot of people with this mentality as lost focused and courage in crypto because they don't get what they want after investing. 
If you want to invest in crypto, scrap out the mentality of cashing out fast.. crypto is good for short and long term investment. And for you to be an investor, you have to be very PATIENCE. Crypto isn't for the weak...as there would be time your investment will go down to zero, there would also be time you would see ×5 or more of your investment. That's crypto for you.  



WHAT CRYPTOCURRENCIES CAN I INVEST IN?
If you want to invest in Crypto, scrap out the mentality of cashing out fast... this will help you focused and not loose guard.
 Talking about the crypto coin to invest in, there are various types of crypto you can invest into, ranging from shit coins to top coins. 
My advise to anyone that want to invest in crypto is... Search for coins that are volatile and new, make your research on them, invest what you can afford to loose, buy and hold. If you are financially bouyant enough you can invest in top crypto coins and hold for long term. You wanna know the top crypto coin? Google will give you the best answer, check them out, buy and hold. 





WHY IS CRYPTOCURRENCY A GOOD INVESTMENT?
This question is kinda tricky, do you know why? because.... . Cryptocurrencies is a good investment because you earn multiple of your investment as the price goes up, this period is known as Bullrun. Also you can loose your investment if the price goes down, this period is known as 🐻 Bear season. During the Bear season, you have to calm down, do not panic! The bear period comes and goes same with the Bull period. With patience, you can recover all your lost during the Bull 🐂 period. Alot of people make mistakes of selling thier coins during the bear 🐻 season due to fear of loosing completely, thereby selling off at a lower rate. [ This is why I said, investing in Crypto should be for Short term or long term Investment. Short term Investment could be from Six months to One year, and Long term range between Two years to Five or 10years]



Do not panic when it's Bear season, as long as you know that the crypto you invest into are solid and can survive the Bear season. Hold your coin and wait for Bull season then if you're tired of holding, you can sell off. Never sell off your coin during Bear season as you will be selling at a loss.
Cryptocurrency is good for Long term Investment.


WHY DO WE HAVE BEAR AND BULL SEASON



As I explained earlier, Bearish season is the period where the market price drop. Bull season is when the market price increase. This two season are very important in Crypto world just as Rainy and Dry season is important to Earth.
This two season, serve different purpose. During the Bearish season, Whale ( Billionaire Investors) and all other Investors use this opportunity to buy and accumulate more coins and they sell off during Bull season. Bearish season is important so as to stabilize the Market. The Bull season helps to recover lost. 



Note: The best time to invest in any crypto project is during the 🐻 Bear season. Remember to make your research diligently on any coin you wanna buy and also invest the amount you can afford to loose. Be PATIENCE with the market and also be VIGILANT.

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Kodsy💕

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