Fear Stops Us From Earning Money
The Economist predicts the end of cryptocurrencies
On November 23, 2022, The Economist published the above article. It is an article that shows concern and puts fear in the body of investors. Generally, those investors undecided about the decision they made a few months before investing in Bitcoin make the decision to exit with a 50% loss.
Many times I wonder if this is good or bad. And I always come to the same conclusion. It is good if you know how to take advantage of it. These market shocks are healthy, and if you are psychologically prepared, they can make you a lot of money.
Today I want to talk about fear and a reflection I read long ago.
Fear destroys physical vitality; fear makes individuals sick, causes organic difficulties, and shortens existence; fear closes your mouth when you want to speak. Fear explains why we still suffer economic repressions (and will continue to do so). Fear explains why millions of people accomplish little and enjoy little.
Fear is a powerful force. In one way or another, fear deprives people of getting what they want in life. Fear of all kinds and volumes is a form of psychological infection. We can cure a mental infection just as we cure one of the body, with specific proven treatments.
However, as part of your pre-treatment preparation, reflect on this fact: all confidence is acquired and developed. Not all people are born with self-confidence. The people you know who radiate confidence, who have overcome worry, who are at ease everywhere and at all times, acquired their faith little by little. You can do it too, and this subscription is for you.
We are going through one of the most uncertain times in recent years. It looks like inflation and rate hikes are going to wipe everything out.
That is why we must be brave. Generally, articles like the one above are typical of the end of the cycle, and we firmly believe that markets and high-risk assets will be bullish in the medium/long term.
We are likely to see Bitcoin at highs again before 2025, which is why we shared with you that we had bought it at $16k.
This week we have seen how our portfolio has performed really well with the Covered Calls strategy we implemented gradually and informed you about last Sunday.
We encourage you not to be afraid. Markets are a psychological game that we must understand, and now fear is taking over.
Now our portfolio.