Mistakes that cost me 1 billion to learn

1) Jump into the market and buy junk coins instead of bitcoin:

I used to think bitcoin's price was so high that I couldn't buy it anymore. I could earn a few small coins that no one knew about. Wouldn't it be better to buy early to increase it a few dozen times? This get-rich-quick thinking makes me pay the price when the market goes downtrend in 2022 when bitcoin is divided 3 times and the coin I hold is divided 20 times, 100 times.

2) Not having a goal when taking profits (or setting a goal but not following it): I had set a goal to buy my favorite motorbike, but by the time my partner held it, it increased so much that I let it go. It continued to increase, and when it reached more than 1 billion, I didn't sell it because I thought it would go up again. Then keep it going until it divides 100 times. Afterwards, you have to save every penny to reinvest from the beginning.

3) Once I've closed it out, I jump back in: When I took out my profit bit by bit, I bought a little bit of bitcoin every day, bought it 6-7 days later and saw that the price of raca kept increasing so I got too greedy and sold Bitcoin (yes). long-term value) buy back raca (strong increase in price in the short term). In the end, raca collapsed and there was no more BTC left.

4) Listening to this or that person asking to buy without any specific plan or strategy.

5) After taking the profit, I don't know how to keep it: In 2021, I took out 300 million and then I bought all kinds of iPhones, macbooks, toys, then wasted it for 1-2 months, and finally lost it all and couldn't keep anything. , after 2023, you will have to save money from the beginning to invest again.

6) Buy and sell continuously: I thought I would make a profit by short-term trading, to increase the number of tokens I had, but a few times it increased too high, causing me to lose my tokens and the same amount of money.