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To All Crypto Newbies: Don’t Worry, Be Happy!

crypto newbies

This article will take a serious look at the current cryptocurrency market. I also want to address and reassure all the new crypto investors who might be worried about the market volatility. Before I do that, I want to tell you about Robert McFerrin. He is an American jazz vocalist who wrote a song called, “Don’t Worry, Be Happy.” I want to echo the words of this song to all crypto newbies. Don’t worry. Be happy!

Volatility with any investment can be scary. No one likes to see their investments go down in price 10% in one day! When I first began investing in cryptocurrencies in 2017, I had not experienced market volatility to any great degree. Because I was a new crypto investor, I was under the impression that cryptos would go up in price similar to the US Stock Market. Up until recently, the stock market did not have a high degree of market volatility. 

Then in 2018 and 2019, the crypto market became like a roller coaster ride. Prices went up drastically and then dropped rather quickly over time. When my portfolio skyrocketed in price I was very happy. I wanted to invest more money into the crypto market. But then when the market began to drop, I was in shock. Frankly, it was disappointing. 

To crypto newbies, welcome to the cryptocurrency market. Market volatility is here to stay. At some point, you need to understand there will be big market price swings. But as time goes by, the market will end up increasing in value. Try not to be scared when the volatility begins and you see you investment portfolio drop in value! Remember the words of Robert McFerrin. Don’t worry, be happy.

The crypto market is still relatively new. Many people have never heard of smart contracts or blockchain technology. Most of my friends have heard about some of the more popular cryptos but do not want to invest in them. I used to be just like them. I understand their hesitation.

I want to once again, reassure the new crypto investors who have decided that cryptos are an interesting investment vehicle. Give your portfolio time to grow. Be diligent in researching crypto projects before you invest in them. Going forward, when you experience more market volatility you’ll remember the words of Robert McFerrin. 

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Crypto Enthusiast, VLogger, Traveler

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