Nft degen
A member of our team
@markusrichardofficial
wrote a thread for you with advice on how not to go cuckoo when all your Jeeps are falling in price. We read - remember - repeat.
This week we wrote (https://t.me/doubletop_nft/40) about tips that will help you succeed in bearish, but today we will talk about how to make sure that the firmware does not "fly" while you are Try your best to succeed.
The only certain things in life are death, taxes, and the fact that markets rise and fall. These movements also repeat our emotions. However, when investing, it is extremely important to manage your emotions. This allows us to make better decisions and ensure good mental health. Let's take a look at some NFT mental health tips.
Accept market movements
"You just accepted the bear market, and I was born in it, I was created by it."
Let's say your project fell in price. Breathe... Learn to accept market movements. It will get easier over time. NFT is a nascent industry whose volatility brings incredible opportunities and excitement. Learn to embrace market fluctuations and thrive in times of volatility and fear.
Don't play with an amount you can't afford to lose
It sounds simple and you've 100% heard it before, but it's really key. Cultural fascination with Eypit led to the fact that FOMO very easily takes over us and forces us to invest our hard-earned $$$ into the project. If you can't afford to pay the bills after you invest, think twice. Investing in something that you don't "give a damn about" means that you will be asking yourself why until the end of the month if the market falls, and it will be much easier for you to control your emotions.
Make deals only with high conviction
Make sure that you have carefully studied the project. Instead of just quickly skimming, as you would do with the "Apple Terms and Conditions Agreement", you can pay attention to the following things:
How long has the project existed?
Is the project long-term and can the team execute it?
Do they have a strong team of consultants?
Is this an innovative idea?
Do influential people discuss the project?
Having long-term high confidence in the project, in the event of an unfavorable market development, you can be sure that you have supported a project that will develop steadily and restore its value.
Diversify your portfolio
NFT is fun and exciting... But still "Don't put all your eggs in one basket". NFTs should be part of a balanced investment portfolio, as you will experience less volatility, which in turn will "stimulate" your emotions less. Believe me, studying other asset classes will make you a more informed investor and improve your ability to evaluate web3 projects.
Don't give in to FOMO
Raise your hand if you've experienced FOMO. Yes, yes 🖐. FOMO makes you instantly throw all strategy, focus, and clarity out the window. The point of NFT is that if you can stay in the game long enough, you will eventually win.
Take breaks
We understand that the market moves incredibly fast, but you should not forget to disconnect from it to avoid burnout. Don't let the project flora be the first thing you see when you enter a new day.
What everyone is talking about
"Ask well, take a cold shower, don't drink alcohol, do sports, sleep 8 hours, meditate." We are all human. From our point of view, if you really need to watch a series and eat a burger late at night to distract yourself, then so be it.
Original content from the DoubleTop team
A member of our team
@markusrichardofficial
wrote a thread for you with advice on how not to go cuckoo when all your Jeeps are falling in price. We read - remember - repeat.
This week we wrote (https://t.me/doubletop_nft/40) about tips that will help you succeed in bearish, but today we will talk about how to make sure that the firmware does not "fly" while you are Try your best to succeed.
The only certain things in life are death, taxes, and the fact that markets rise and fall. These movements also repeat our emotions. However, when investing, it is extremely important to manage your emotions. This allows us to make better decisions and ensure good mental health. Let's take a look at some NFT mental health tips.
Accept market movements
"You just accepted the bear market, and I was born in it, I was created by it."
Let's say your project fell in price. Breathe... Learn to accept market movements. It will get easier over time. NFT is a nascent industry whose volatility brings incredible opportunities and excitement. Learn to embrace market fluctuations and thrive in times of volatility and fear.
Don't play with an amount you can't afford to lose
It sounds simple and you've 100% heard it before, but it's really key. Cultural fascination with Eypit led to the fact that FOMO very easily takes over us and forces us to invest our hard-earned $$$ into the project. If you can't afford to pay the bills after you invest, think twice. Investing in something that you don't "give a damn about" means that you will be asking yourself why until the end of the month if the market falls, and it will be much easier for you to control your emotions.
Make deals only with high conviction
Make sure that you have carefully studied the project. Instead of just quickly skimming, as you would do with the "Apple Terms and Conditions Agreement", you can pay attention to the following things:
How long has the project existed?
Is the project long-term and can the team execute it?
Do they have a strong team of consultants?
Is this an innovative idea?
Do influential people discuss the project?
Having long-term high confidence in the project, in the event of an unfavorable market development, you can be sure that you have supported a project that will develop steadily and restore its value.
Diversify your portfolio
NFT is fun and exciting... But still "Don't put all your eggs in one basket". NFTs should be part of a balanced investment portfolio, as you will experience less volatility, which in turn will "stimulate" your emotions less. Believe me, studying other asset classes will make you a more informed investor and improve your ability to evaluate web3 projects.
Don't give in to FOMO
Raise your hand if you've experienced FOMO. Yes, yes 🖐. FOMO makes you instantly throw all strategy, focus, and clarity out the window. The point of NFT is that if you can stay in the game long enough, you will eventually win.
Take breaks
We understand that the market moves incredibly fast, but you should not forget to disconnect from it to avoid burnout. Don't let the project flora be the first thing you see when you enter a new day.
What everyone is talking about
"Ask well, take a cold shower, don't drink alcohol, do sports, sleep 8 hours, meditate." We are all human. From our point of view, if you really need to watch a series and eat a burger late at night to distract yourself, then so be it.
Original content from the DoubleTop team
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