Before bed, I came across a passage in Li Xiaolai’s *The Self-Cultivation of a Leek*. It felt pretty true.
He says there’s really only one reason most people end up as “leeks”—they start buying, buying, buying as soon as they enter the market.
Then he uses himself as an example: He bought Bitcoin in 2011, 2,100 coins in his first purchase, at an average price of $6. In June, it rose to $32—fivefold in just over a month. Then it slid steadily downward, eventually falling below $1. He and the other people who bought near the top didn’t break even until more than 20 months later.
Even he went through that. Avoid chasing the highs just twice, and you’ve already beaten half the crowd.
$BTC $ETH #Binance Square
He says there’s really only one reason most people end up as “leeks”—they start buying, buying, buying as soon as they enter the market.
Then he uses himself as an example: He bought Bitcoin in 2011, 2,100 coins in his first purchase, at an average price of $6. In June, it rose to $32—fivefold in just over a month. Then it slid steadily downward, eventually falling below $1. He and the other people who bought near the top didn’t break even until more than 20 months later.
Even he went through that. Avoid chasing the highs just twice, and you’ve already beaten half the crowd.
$BTC $ETH #Binance Square