Crypto is still in its infancy and we are in a unique time in history. This is the gold rush of the future. There will be major winners, but we aren’t going to lie and say there are no losers. Nobody can predict the future. Even the most accomplished traders buy and sell at the wrong time.

When I was first introduced into Bitcoin, the price was £180 for one. I didn’t take the chance. That would have been worth £50,000 by now, and likely a million in the future. I’ve kicked myself a few times with bad investment decisions like this. Selling at the wrong time, buying at the highest point. Following the FOMO (Fear Of Missing Out). We are all susceptible to it, no matter how wise we think we are.

Over the years of dabbling, one thing we can say for certainty, is that prices go up, prices go down, then prices go up higher, much higher.

If you are not keeping your finger on the prices every day, you are more likely to hear things in the news and make rash decisions there and then.

I came to the conclusion that mining is the only thing that can keep your emotions in check. If you mine, you aren’t buying at the wrong time. If you sell and you are making a profit on what you paid for the mining equipment and electricity, you shave sold at the right time. You always make a profit.

You never have to keep your finger on the pulse to ensure you are buying and selling at the right time.

If we go through a crash, which will happen. You can relax. Don’t do anything. Just know that your machines are still making money regardless.

Then you wait for the next bull market which will inevitably smash the last all time high! That feeling of knowing you kept your cool during the crash and didn’t panic sell, is priceless.

The great thing about Bitcoin is that, when the price of Bitcoin rises, everything else rises too and usually at a much higher rate. If Bitcoin doubles in value, other coins will jump even higher. I’ve seen coins go up by 4000% in the space of a week.

Basically, mining is the only sure fire way that you will win with cryptocurrency. You pay your investment, you start the machine, you get on with your life. You can take your profits whenever you like, swap your coin for other coins, or just wait until you retire, safe in the knowledge that it will be worth way more than a pension or any other investment could have given you.