$BTC Charlie Munger once said: do the right thing, and then repeat it. So after playing intermittently for one or two years, now I have some of my own ideas and thoughts. I’ve set a few constraints and execution requirements for myself.
1. I must have reverence for, and a protective attitude toward, my principal. If I’m not responsible with my own principal, how can I use it to make profits.
2. Buy only projects that have real use and generate actual income. Going forward, I’m no longer limited to virtual currencies. I’ll try to buy products with real value—for example, stocks.
3. No longer play those shady projects characterized by explosive pumps and crashes. I’ll only play a few mainstream virtual currencies.
4. In the short term, I can use a small portion of profitable capital to play with low-multiple leverage, and I will strictly cut losses. I’ll hold mainstream value-accretive projects long term—hold for the long run and pursue value investing.
5. Start learning blockchain and virtual currencies from 0, beginning with principles and the underlying layer. Also learn investment and personal finance knowledge. Slow is fast—break down and study the projects I want to invest in. If I don’t understand something, I won’t play it anymore; I will make real investments to achieve returns and payback.
6. Try not to short-sell.
7. Reject junk, no matter how many times it has surged.
1. I must have reverence for, and a protective attitude toward, my principal. If I’m not responsible with my own principal, how can I use it to make profits.
2. Buy only projects that have real use and generate actual income. Going forward, I’m no longer limited to virtual currencies. I’ll try to buy products with real value—for example, stocks.
3. No longer play those shady projects characterized by explosive pumps and crashes. I’ll only play a few mainstream virtual currencies.
4. In the short term, I can use a small portion of profitable capital to play with low-multiple leverage, and I will strictly cut losses. I’ll hold mainstream value-accretive projects long term—hold for the long run and pursue value investing.
5. Start learning blockchain and virtual currencies from 0, beginning with principles and the underlying layer. Also learn investment and personal finance knowledge. Slow is fast—break down and study the projects I want to invest in. If I don’t understand something, I won’t play it anymore; I will make real investments to achieve returns and payback.
6. Try not to short-sell.
7. Reject junk, no matter how many times it has surged.