Don't invest until you are clear about your *WHY* by connecteconomy

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· @connecteconomy ·
$16.50
Don't invest until you are clear about your *WHY*
Whether you already own cryptocurrencies or you're seriously thinking about it - now that the prices are so low - what's most important is that you are always able to answer the question WHY. 

## Why do you want to invest? 

If you have a good enough reason, that you can justify to yourself tomorrow, in one year, in 10 years - no matter what the prices will be then - then you know that you will never risk becoming a *panic seller* when prices drop temporarily, as they have done for the past year.

Panic sellers are the ones who get freaked out by falling prices, and sell at the worst possible time because they make emotional decisions in the moment - and lose all their money.

<center>![rollercoaster.jpeg](https://ipfs.busy.org/ipfs/QmWVdEVFFjWnLAQSn6jHjD5sqYFBSeM2F1kAfxZKskSaqr)</center>
###### <center>Photo from Unsplash.com</center>

## My WHY 
 
My reason for investing in cryptocurrencies is safety. I know this sounds counterintuitive for many people, since crypto is considered such a risky investment. And it is. But for me, putting money in crypto represents diversification from our current financial system.

I consider our system broken and outdated. The next financial crash is around the corner - on one hand that is something "normal" - it's just something that happens every so many years. Markets move in cycles, so they go up and they go down. We are overdue for the "down" part.

What's different this time, is that for the first time in history, we have an alternative: Bitcoin. We do not need to suffer from the financial crash. We can choose to opt for one or more alternative currencies, which can soften the blow for us. 

Not only that - given that most cryptocurrencies are deflationary and have a limited amount of coins, it means supply and demand will drive their price. The higher the demand, the higher the price, and v.v.

So once the next crash comes, many people - who until that point ignored cryptocurrencies, or kept putting it off to educate themselves - will suddenly run towards them, because now that they have an *actual problem*, they will suddenly understand the solution Bitcoin presents. 

There will be such a run for cryptocurrencies, that the prices might shoot up to astronomical highs. (That's my personal opinion - please form your own and base your decisions on what you come up with :))

**"But Anja, you can't really spend Bitcoin, yet - what's the point of having it, then?"** 

You have to remember that when a financial crash happens, it's not going to be just private individuals like us suffering from it. Every business will be in the same situation. So personally, I am very sure that we will see a tremendous spike in adoption amongst merchants at that point. We will be able to spend crypto everywhere very fast! 

## Why am I so sure? 

Because this is already happening in Venezuela for example, where now even [KFC accepts cryptocurrency as payment](https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/exclusive-kfc-to-start-accepting-dash-payments-in-venezuela-next-week/?fbclid=IwAR2aupPOLnIqBkQ9kkzt0POdxE4Ne4qs2utLQRzG71nhc9dQAlEo5E6eRVo&mc_cid=52952971e1&mc_eid=[UNIQID]#716b5a81613c). We just have to look at other countries, who already have their own local crisis, to predict our own future. 

We all act according to our own beliefs. I have decided to protect myself from the financial crash I believe will happen soon. This represents safety to me. Even if my holdings will be worth only half as much as what I put in in the beginning - I won't mind. When push comes to shove, I know I will be happy to have just *something*. But as I said above, I believe crypto prices will go way up, once the crash comes. 

So this is my personal WHY. It's what keeps me from selling and losing money, no matter how high or low the prices are. 

For others it's the chance to actively opt-out of an old and corrupt system. An exit strategy. 

I already shared this video the other day, but I will do it again. Everyone needs to see this: In order to understand the big picture of how our system works, I highly recommend watching this clip by Andreas Antonopolous. If you are sitting on the fence, this will definitely open your eyes and potentially give you the WHY you have been waiting for. 
 
[<center>![Screen Shot 2018-12-08 at 21.36.14.png](https://ipfs.busy.org/ipfs/Qme6PGtMQ17AoapwLnX3k5n4tzTw3i2zEH7AbXvUvJVavA)</center>
](https://www.youtube.com/watch?v=LgI0liAee4s)
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vote details (49)
@teodora ·
For me a very good reason is that a lot of bright people put their trust in crypto. As we speak, any type of currencies are subject in the end to trust and manipulation (control power). I am not saying that crypto cannot be easy manipulated of those that they have high stakes, but is much more fuss to do it :)

Posted using [Partiko Android](https://steemit.com/@partiko-android)
đź‘Ť  
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@connecteconomy ·
I don’t know if it’s that much more fuzz, because they’re doing it.. one by one...
And still, I think it will all fizzle out one day and crypto will win :)
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@ocdb ·
re-connecteconomy-don-t-invest-until-you-are-clear-about-your-why-20181209t192103390z
You got a 42.24% upvote from @ocdb courtesy of @connecteconomy!

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