Lessons from Four Years in the Crypto Market: A Two-Minute Read
1. Scarcity and Distribution: No matter the market conditions, only 8% of individuals will ever share 21 million Bitcoins.
2. Financial Mastery Over Technical Skill: Mastering financial, capital, and risk management is far more crucial than perfecting technical analysis or conducting crypto research.
3. Passive Income Opportunities: There are numerous ways to earn from the crypto market passively. Trading shouldn't be your sole focus.
#Bitcoin has averaged over 100% annual growth for the past 15 years. Yet, why do so few profit? The misconception of quick riches. Most people dive into crypto with a get-rich-quick mentality. If you can't dedicate at least four hours daily to crypto, stick to buying only $BTC and $ETH—70% in BTC and 30% in ETH. Trust no one; trust leads to hope, disappointment, and errors. Learn independently and take responsibility for your trading decisions.
Investing should enrich life meaningfully. If your crypto gains make life genuinely meaningful, pursue it. If not, reconsider. Although crypto originated from technology, it has evolved into a financial market. Investing with a tech mindset is challenging. Cryptocurrencies are increasingly linked to mainstream financial markets, with macroeconomic factors playing a more significant role.
People don’t question buying land, gold, or diamonds. Yet, buying Bitcoin often attracts skepticism and disapproval. That's fine because when the masses accept something, the opportunity may be gone or diminished. Act while the opportunity is still there!
