With wise investment secrets, Warren Buffett has built a huge fortune. When talking about him, people not only remember stocks, dollars or cents, but most importantly, the investment philosophies of a genius mind, also known as the "legend of Omaha".
Warren Buffett is famous for being anti-Crypto in general and #Bitcoin in particular. He once made unsympathetic statements about Bitcoin such as: Bitcoin is "nothing more than rat bait". In 2018, Mr. Buffett also predicted that Bitcoin in particular and virtual currencies in general "will almost certainly have an end." "bad" and vowed never to buy Bitcoin. In 2014, he called Bitcoin a "mirage" and warned investors to stay away from the digital currency.
So let's see if we can apply Warren Buffett's investment philosophy to Crypto. Here are his famous quotes about investing:
“Must know how to invest long-term” Being in the Crypto market or any other market, or in any field requires the cultivation of skills and knowledge. From now on, let's work hard to learn and practice to improve our knowledge and skills, which will help you make money. Don't just take advantage of other people's bets. Investing in yourself is the best investment.
“Be fearful when others are greedy and greedy when others are fearful” An extremely famous saying that everyone involved in financial investment knows, but applying it is not simple. If you are greedy and buy when $LUNA collapses, there is still a belt left. This sentence, applied in Crypto, choose and buy coins with real technology, real value, the dev team actively builds ( $BTC $ETH $LINK.. .) when it is undervalued, when it is in the Dowtrend, Sideway, buy it then hold and sell when everyone from the vegetable seller to the motorbike taxi guy to the iced tea seller all sell and join in. Crypto market. Or to put it more simply, the Crypto cycle is every 4 years, buy in the down years 2014, 2015-2018, 2019 - 2023, 2024 and sell in the last year of the cycle 2017, 2021, 2025.
“You don't have to be a scientist who knows how to build rockets. Investing is not a war, where people with IQ 160 will definitely win over people with IQ 130." In Crypto investment, if you are not a Hight IQ 160 person> to choose genuine projects to invest When it is still undervalued, or if you are a pro trader with iron discipline, invest in the direction of a Low IQ 80< person (this seems funny) which is to buy good coins and hold them long term. If you are in the middle IQ range (95%), your chances of making money are very low. Because it is likely that you will not be able to hold it, but will trade wildly, go long or short, or find a good coin but want to trade to optimize the number of coins (90% of the time you will lose out).
“If you buy things you don't need, there will come a time when you have to sell the things you really need.” If you're not rich yet, live simply and frugally, only buy the necessary things, to invest money, for example, spend 2 million each month to buy coins and hold. Think about it, if you spent 2 million each month to buy $BTC from January 2023 until now, how much money would you have now?
“No matter how talented or hard-working you are, you still need time to achieve success. This is just like you cannot create a baby in 1 month by making 9 women pregnant." Even if you choose a good coin and buy it at a good price, if you are not patient you will not can be the ultimate winner. If you only like to make money quickly x10, x100 times your account after 1 night with Long Short, Meme coins, trash coins, then you will lose it even faster.
Above are my personal views, please comment what you think so we can discuss.
