Coronavirus vs. Cryptocurrency
Part of the fear of the coronavirus crisis is that people are becoming worried about their investments and life savings. This is understandable considering that financial stress can bring upon anxiety and even depression. As the coronavirus continues spreading, the stock and cryptocurrency markets will continue to decline. Is this a good time to invest?
First things first: do not panic. Remember that your mindset means more than anything. If you think negatively, then your reality will attract negative results. If you think positively, then no matter how much negativity is in the environment, you will continue to be protected. The moment that you start accepting this mentality is the moment that you will start to see a change for the better.
At the end of the day, you have to decide whether investing during these times is wise. If you have been reading my previous articles, then you know how important it is to develop the skill to listen and trust your intuition. Believe it or not, while intuition is natural, many of us ignore it quite often, resulting in mistakes in our relationships, work environment and everyday matters.
This article is not meant to provide financial advice. But what this article provides is the emphasis on maintaining a positive state of mind, while the coronavirus continues eating away at the markets. Even if you see your financial portfolios crashing, you don’t want to make any drastic and impulsive decisions.
You always want to give time for your mind to marinate on a certain scenario. People who are successful in investing do not make impulsive decisions. This is because they are confident and do not allow a crisis like the coronavirus to ruin their lives by making poor decisions overnight.
If you are interested in investing in cryptocurrency, then you can start by taking a look at coinmarketcap.com. This is the official rank list for all cryptocurrencies in existence. The most talked about coins during recent times have been:
- XRP
- Bitcoin
- Ethereum
- Litecoin
- Chainlink
Gold and silver are also very much talked about nowadays. Regardless of whether you decide to invest or not, remember one thing: your mindset and health come first. Continue to exercise, eat healthy, maintain good hygiene, meditate, socialize, stay positive and have fun! Do not allow the coronavirus to influence your mind.
The coronavirus is here to disrupt modern day society, but it should not disrupt you. See this as an opportunity for you to become bigger, better and stronger despite adversity.
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