10 Investment Rules in Cryptocurrency

8分甜区块链 · 2023-07-10T02:11:29.000Z

1. If you lose money, it is either a cognitive problem (lack of cognition, cognitive bias); a cash-out problem (motivation problem, action bias); or a mismatch between knowledge and action. 2. If you are playing the air currency that chases the rise and kills the fall, don’t imagine that you can change the world with it. That’s because you are creating an illusion and take a shorter view. 3. If you are investing in Bitcoin, don’t just look at the minute line, look at the larger cycle, look at the big picture from 2011 to 2021 from US$2 to US$69,000. 4. Before 10 million, you can speculate and pursue high returns; after 10 million, what you need is investment. Speculation is about fast in and fast out, while investment is about slowly compounding interest.

If you lose money, it is either a problem of cognition (lack of cognition, cognitive bias); or a problem of monetization (motivation problem, action bias); or a problem of inconsistency between knowledge and action.
If you are playing with the idea of ​​chasing rising and falling air coins, don’t fantasize that holding it can change the world. That is an illusion you have created, so keep a short-term vision.
If you are investing in Bitcoin, don’t just look at the minute line, look at the larger cycle, and look at the big picture from 2 US dollars to 69,000 US dollars from 2011 to 2021.
Before 10 million yuan, you can speculate and pursue high returns; after 10 million yuan, you need to invest. Speculation is about quick in and out, while investment is about slow compounding.
Many people find it difficult to cross the gap between speculation and investment. Once they have experienced the excitement of quick in and quick out, they can no longer adapt to the loss of making money slowly, and will eventually give the money back.
The best investment in a bear market is to invest in yourself. If you have knowledge, you can make money even if you don’t have money; if you have money but don’t have knowledge, you can lose all your money.
Invest in the bull market trend and let the profits flow; invest in yourself in the bear market and upgrade your cognition.
If you lose money, it is worthwhile to turn the lost money into knowledge. As long as there is knowledge, a fortune can be regained.
Paying attention to things that don’t change will help you see things more clearly. The price of Bitcoin is changing, but its underlying logic has not changed, and Bitcoin’s disruptive way of storing value has not changed.
Investment should go with the trend, but think in reverse. When the market reaches its peak, there is almost no short position; when it reaches its bottom, there is almost no long position. #BTC 