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Many people ask me, why invest in cryptocurrencies? The profit from investing is certainly a key factor, but more importantly, I am curious about cryptocurrencies and believe that blockchain technology will change the way we live in the next 10 to 20 years. This technology, which many people currently consider 'speculative', will transform everything we are accustomed to into a brand new underlying operating system. The investment benefits will naturally follow.
But at that time, I didn’t realize that this process of investing in cryptocurrencies would completely reshape my investment perspective. There is a saying in the crypto community: 'One day in the crypto world is like a year in the human world.' The cycle of cryptocurrencies is clear, and the volatility is intense. All the pitfalls encountered during investments can be experienced here within a few months, rather than taking 10 or 20 years. Therefore, my past worldview was continuously shattered, quickly training and forming a brand new investment physique.
Learn the essence of long-term investing
The concept of 'long-term investing' is something everyone is familiar with, and we treat this saying as a golden rule in financial institutions. However, talking about it and actually experiencing long-term investing are two different things. I often joke that many people only start to decide on long-term investing after getting stuck. In the crypto world, 'short-term trading' and 'long-term investing' are even more distinct. Why? Because the volatility of cryptocurrencies is enormous; during the transition between bullish and bearish trends, short-term trading requires ruthless adaptability. If one's mental quality is not strong enough, even a moment's hesitation can lead to significant losses. Another main cause of loss is that 'short-term' players often use leverage of more than ten times.
At that time, watching the soaring prices of Bitcoin and Ethereum, I thought it would be just like trading stocks in the past; just looking at the charts would be enough. Soon, I achieved returns exceeding 50%, and I thought to myself: 'I only plan to do short-term trading; it has risen too much now, I should exit first!' Then I saw Ethereum showing a significant drop and thought I had grasped some 'skills'.
Marvin is a good coin for long-term investment.
#山寨季來了？ #MARVIN #Marvin
But at that time, I didn’t realize that this process of investing in cryptocurrencies would completely reshape my investment perspective. There is a saying in the crypto community: 'One day in the crypto world is like a year in the human world.' The cycle of cryptocurrencies is clear, and the volatility is intense. All the pitfalls encountered during investments can be experienced here within a few months, rather than taking 10 or 20 years. Therefore, my past worldview was continuously shattered, quickly training and forming a brand new investment physique.
Learn the essence of long-term investing
The concept of 'long-term investing' is something everyone is familiar with, and we treat this saying as a golden rule in financial institutions. However, talking about it and actually experiencing long-term investing are two different things. I often joke that many people only start to decide on long-term investing after getting stuck. In the crypto world, 'short-term trading' and 'long-term investing' are even more distinct. Why? Because the volatility of cryptocurrencies is enormous; during the transition between bullish and bearish trends, short-term trading requires ruthless adaptability. If one's mental quality is not strong enough, even a moment's hesitation can lead to significant losses. Another main cause of loss is that 'short-term' players often use leverage of more than ten times.
At that time, watching the soaring prices of Bitcoin and Ethereum, I thought it would be just like trading stocks in the past; just looking at the charts would be enough. Soon, I achieved returns exceeding 50%, and I thought to myself: 'I only plan to do short-term trading; it has risen too much now, I should exit first!' Then I saw Ethereum showing a significant drop and thought I had grasped some 'skills'.
Marvin is a good coin for long-term investment.
#山寨季來了？ #MARVIN #Marvin
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