Why “Buy the Fear” Fails (Crypto)

Buy the HATE June 18, 2024 [WEBSITE]( | [UNSUBSCRIBE]( NFTs are universally hated, but an entire continent is on the verge of making them mandatory. (Not what you think.) Why “Buy the Fear” Fails (Crypto) CHRIS CAMPBELL Dear Reader, Meet Fred. A few weeks ago, Fred was itching to start investing in crypto. He checked the price of a crypto on his watchlist. It was at an all-time high. He pulled up the chart for a quick peek - a little indulgence in what could have been. Zooming out, Fred saw that if he'd invested $1,000 a few weeks ago, he could've made $20,000 in profit. Like many of us, Fred has fallen prey to the neurosis called Melxylogia. (Means “the delirious study of missed opportunities.”) Fred wants to buy. But Fred hesitates. Fred is rational. He thinks, “No. I’ll wait for the next low.” And then, a few weeks later, crypto crashes. BIG. A sea of red. Like this (from today): Fred thinks, "Dang, the price is super low now.” BUT Fred doesn’t get excited. Fred gets SCARED. “Maybe crypto is dead!” Weeks go by. Fred still doesn't invest. Fred falls victim to decision fatigue. More weeks go by… all-time high again. Melxylogia rises. If only he’d dropped that $1,000. “Next time, I’m buying the fear,” he says. Deep down, he knows he won’t. And he shouldn’t. There’s a better way. *** ATTENTION NEEDED *** ASSESSMENT STATUS: INCOMPLETE This automated message is for Reader. Our systems indicate that you did not complete [your 2 minute trading assessment]( that’s required to join our newest wealth club. We can only let 50 people in today…and spots are filling up fast. There’s still time left to complete your assessment and secure your spot! [All you have to do is]( here]( complete this two minute assessment.]( Don’t Buy the Fear After many cycles in crypto, I’ve learned two things: - You can eliminate most of your fear with “Vitamin DCA.” - Buy the hate instead. Instead of trying to time the market, consider dollar cost averaging (DCA). As you probably know… DCA involves investing a fixed amount at regular intervals, regardless of the price. This method helps mitigate the impact of volatility by spreading out your purchases over time. For example, instead of investing $1,200 all at once, you could invest $100 each month. This way, you buy at both highs and lows, averaging out your investment cost. If you’re investing in altcoins, all you do is DCA into Bitcoin or Ethereum (or stablecoins) and then use that to buy altcoins. Not only does DCA simplify your investment strategy, but it also helps manage emotional decisions. Here’s the best part: Many exchanges like Coinbase and Binance offer automatic DCA programs. You can set it up to invest weekly or monthly, making the process hassle-free. That’s step one. If you want to supercharge your DCA strategy: Buy the Hate Instead Buy the stuff that makes people at the dinner party roll their eyes. When you see almost everyone hating on an asset, treating it as dead… It might be time to explore. Hatred is often the most bullish indicator an asset can possibly have. (There are obvious caveats to this.) This, of course, applies outside of crypto. In the 1990s, Apple was a has-been. During the dot-com bust, Amazon was for two-bit idiots. In its early years, Tesla was comical. In the early 2000s, McDonald’s was dysfunctional. During the 2018 crypto bust, Nvidia was an OBVIOUS gutter gamble. The list goes on. The beauty of buying hated assets is you don’t have to buy a lot. If they’re truly hated, they’re massive asymmetrical bets. Buy just enough to forget about it. DPP Report Incoming (Surprising) Right now, along this vein, I’m digging back into the wild world of NFTs. While still universally hated… They’re set for a huge comeback. In fact, there’s rising demand for one type of NFT: Digital Product Passports (DPPs). DPPs have become an emerging trend in the luxury industry, particularly in the European Union where they will soon be mandatory. These digital identifiers provide comprehensive details about a product's origin, materials, environmental footprint, and more. With all of the (warranted) knee-jerk hate NFTs get, right now is the perfect time to dive deep. That’s why, at the moment, I’m putting together a report on NFTs and tokenization. While there are many opportunities to make money in crypto, DPPs could offer a HUGE advantage for those who get in early. Stay tuned. [Ed. note: Our Early Stage Crypto Investors will get first-look access to this report. Not yet a member? [Click here to see why NOW is the best time to hop on board.]( Until next time, Chris Campbell For Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. 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