<center>http://res.cloudinary.com/duvrfxmpc/image/upload/v1507109534/1-Year_wj6rbu.jpg<h1>Congratulation</h1><b>Today one year ago you joined SteemIt
 Thank you, for making SteemIt great and Steem on for more years to come!</b>
 (You are being celebrated  [here](/steemit/@anniversary/20180102t030020249z-celebration-post))<br/></center>

Holy s***! This is the most awesome post I have read for a long time! Really.... Can´t thank you enough for this perspective!
The interesting thing is, that I didn´t know FOMO at all before I joined the cryptoworld. Since them, I can feel it each and every day.... Even when I tell myself, that I won´t suffer from it and that I´m beyond this, when I´m honest, I´m fully into it.... I decided to put my stakes into a project I really believe in and at the moment I do so, the price moves sideways and I look at all other cryptos going up. Then what I did was classical in the past: Sell my coins and go into other coins that I expected to grow fast and as soon as I did that, it was going sideways again and the other coin I moved away from, was going up.... Rinse and repeat... Same story... I learned from this and will now stick to my hodl promise, but there is still big FOMO - even with Steem now, where today I told myself several times, how shitty I am, that I didn´t buy more some days ago - but  for that I would have needed to sell my other coins and I really try to stay firm this time. ;)
Thanks again for your post - it really is one of the best on this topic I have ever read!

Research and stay current! convert fiat to crypto however you can. Then create your own index fund and re-balance weekly biweekly or monthly.

There is a lot of money coming into the market right now. Day trading is a risky strategy in this volatile a market, especially when most alt-coins are generally trending upward at the moment. If you have a knack for it, it might not be a bad idea to increase your # of shares, but I wouldn't day trade crypto to turn to fiat right now though.

Adding value to system > taking  value from system

Thanks for another well written blog. A good down-to-earth view.

I agree. The vast majority of Day traders lose money. It’s far easier and more profitable to simply identify decent investments and hold them for the long term. Crypto is so volatile that you need to be able to stomach 80% drops (it’s happened 5 Times in bitcoins history) but still hold if you believe in it.

I say this as someone who has sold hundreds of bitcoin since 2011, only to see prices reach around $20k!!

While I mostly agree, your attitude has...well, I'm not saying "issues", because expecting people to actually contribute instead of selfishly earning money is a totally valid approach.

But people work differently. Not only many of them are greedy but are also impatient. What you've described takes time and effort and people often don't like that.

 Also, on my behalf, I have always preferred not to put a single real-life cent into the cryptocurrency market.  There was no money for me I could afford to lose, but in order to get noticeable amounts, I needed trading.

And honestly, this is the best I can recommend to anyone.

Yep. I'm in this for a long time, not the short wild ride.

That was always the thing about rollercoasters at fun parks. I'd have to wait *forever* in a queue only to be in fun rollercoaster for like 1-2 minutes. WTAF?!

What does hodl mean?

That's a nice sentiment, but I think you might actually be wrong on this one. Hodling is good for stability, but if you hodling is still guessing the long-term tend. If you are certain that a certain coin if going up long-term, than you can certainly make some money along the way and it's going to be more than if you just buy and hodl.

Of course, while this is theoretically and technically the case, I really like the question you suggest we should be asking ourselves despite the fact that it applies only to steem. Steem allows us earn not by trading, but by being a valuable member of a community. But this does not apply to many of the other coins where all you can really do is trade or invest long term and hodl.

Crptocurrency is awesome but always super risky, sometimes I can't get it out of my head while doing my other things..thanks for the post.

Very well written. Really agree. Day-trading can be fun but bobody knows the bottom and nobody knows the top. For most of these coins there will be a bigger top and that means hold and gain

Since I quit actively trading both cryptos and stocks I have had zero FOMO. 

![gif](https://media.giphy.com/media/l0MYMAl3AH6DuqqCQ/giphy.gif)

When I was trading it was all FOMO all the time. 

![gif](https://media.giphy.com/media/p9bj7nrUPAypq/giphy.gif)

I had to sell all my stocks to cover funeral expenses for my mother and I don't know when or if I will buy more. But I will always purchase more crypto.

I am strictly a fundamentals guy now. I take positions on coins I believe in that solve real world problems. Then I HODL.

![gif](https://media.giphy.com/media/3oKGzBTJyDD98gg4b6/giphy.gif)

This will only get better now, because Steem will be my main currency. I have bought no Steem. If I only use earned Steem to buy other coins I can't possibly lose money.

My goals are definitely about contributing value to the ecosystem. This is how you get by in life, by adding value. The taker mentality is a dead end.

Take the advice of this fine post...

![gif](https://media.giphy.com/media/OykXBOxpV6RvG/giphy.gif)

Thanks for the post.
Keep Steeming!!

To be honest I've been tossing stuff around on Bittrex for the past couple of weeks. The funny thing is that *all* of the coins seems to be mirroring what Bitcoin is doing, more or less. Sure, it's satisfying to see my account value go up every day, but people are pouring money into coins like crazy right now, so *of course* things are going up. It's pretty easy to make money in any bull market. It could get ugly if this turns into Dutch tulips after all.

Oh the other hand... *meh,* I'm learning how to trade and reading up a bit on the technologies behind the coins. And we're talking chump change here, at least until DOGE goes to $10.

By trading you have a bigger chance at getting bigger short term profits, but no guarantees, at least not as many as just Hodling. Succesfully day trading is basically a constant gamble.