short STEPS, LONG vision

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Probably it's just within the world of crypto, but a number of times I've seen people buy a coin solely on the hype and expect a ×1000 return on it. We've seen stories of people who bought a coin and they were in profit of sometimes upwards ×10 to ×20 and decided that they were still gonna HODL only to loose it all eventually.

Of course there are stories (I've seen a few on the internet) of individuals who flipped a few dollars invested into thousands of dollars. But when did a ×10 profit or even a ×3 profit not count as a win. I understand the concept of no pain no gain, but personally I believe it's easier to build when you're flipping your ×3, ×4 profits and reinvesting instead of always waiting for a miracle coin to happen.

I saw a WhatsApp chat screenshot just two days ago on Facebook of a guy who just bought the pi token from a vendor and was in his friends dm claiming the vendor promised him at least a ×100 profit on his buy. From the chat, It was obvious he was new to the crypto scene, but what caught my attention wasn't even the fact that he bought at a ridiculous price, it was the assurance that he was getting a ×100 back. For a newbie, it stank of a long Vision using short Steps.

The concept of short steps and long Vision is one that takes advantage of consistent progress to achieve a long term goal. This allows you to adapt to changes easily, learn from failures and take your wins when they come. Expecting a miracle project when you're only just starting out shouldn't be the focus.

Although it can be equally said that HODLing is a long Vision concept (which I agree), but know when to take your wins and exit that market.

Posted Using INLEO