Don't Swing And Miss

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Keeping the eye on the prize which is the long term crypto investment that will hopefully bring you a home run.

Over the next few years everyone should be in a more comfortable position financially and is why we take such care selecting the projects we invest into. The doing your own research (DYOR) is of such importance for the future outcome of your portfolio that it should always remain the focus and priority.

Taking a swing at an investment and missing can happen to the best of us, but we also need to pay heed to warning signs. When an investment project is offering exceptionally high returns there is normally a sound reason for this and that it is a high risk. High risk and high rewards also falls into the category of too good to be true and is a trap for the greedy side of us.

There are so many decent crypto projects around today the need to "gamble" is not required as many of these projects are still in their infancy and down 80-90% from their all time highs. A $10K investment today could easily bring $100K on price action alone without any of the rewards being earned during the accumulation phase over the coming years.

Understanding what each crypto project stands for and what they are trying to achieve long term is far more important than a quick buck with high risk attached. Finding the project that no one is talking about that has a decent team behind it it will be far more lucrative than something being pumped on social media. There is always a reason why social media is hyping certain coins and the saying "empty vessels make the most noise is apt" for these types of projects. These are the traps to lure newbies into investing and the projects to avoid at all costs.

A swing and a strike out during these next few years could be very costly and a mistake that could take another cycle to recover from. The research that we all do is what creates our portfolios value and having less risk attached is always advisable.

Any decent project given a certain amount of time will increase in value organically without the interference of outside pumps. Value is driven via development and partnerships through use cases and should be what we are all looking for. These are the hidden gems and even though there are so many around it takes time to uncover and understand as research is required which involves time and effort.

Over the last few years I have trimmed down my investments from double figures to literally a handful as keeping track of so many is virtually impossible unless you are in crypto full time. The hope is these will provide a steady stream of income in the future and why taking the time to research each investment is that important. Life is only going to get tougher in the real world and being able to earn a living and having a back up plan that is fool proof will be what sets you apart. We already know this and having these investments in place so early on will generate the wealth required long term.

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