What mindset should you use when investing in cryptocurrency?

People who have just entered cryptocurrency usually decide to try it out after looking at its return on investment. It is very important to maintain a good attitude in the currency circle.

1. It is necessary to understand that there is no upper or lower limit for the rise or fall of the currency circle in one day. Anyone who has experienced a bear market will know that it is possible to drop 90% in one day.

If you cannot bear a drop of more than 20% in one day

Then I suggest you consider investing in other projects and stay away from cryptocurrencies.

2. The first thing to achieve is to invest an amount that you can afford to return to zero. Even if the money you invest drops by 90% in a short period of time, it will not have an impact on your life. This way you will not live in pain because of a day's drop. If you invest in High-quality assets will rise back over time.

3. When investing in cryptocurrency, don’t think about making a lot of money in a short period of time. This way, your mentality will be more stable and you won’t cut off the meat at a low point. Extend the time to five or ten years.

The daily increase will less affect the mood. Old leeks who have experienced several rounds of bull and bear must hope that the bear market lasts longer so that they can buy more cryptocurrencies at a lower price. Only when the bull market arrives can the wealth be multiplied several times.

4. Living in a bull market will actually be more painful than living in a bear market. If your mentality has not been adjusted well, when the real bull market comes, the daily increases will be amazing. You will encounter arbitrage and the price will rise again. After each arbitrage, the price will rise again. At this time, your mentality will be unstable. You will feel that you have made less money and you will feel bad every day.

In fact, no one can sell at the highest point. When you set the profit point, you can make a profit. No one knows what will happen in the future. Only those who have lived long in the currency circle are the ones who can really make profits. In cryptocurrency, there will never be a profit. Lack of opportunities

Maintain a good attitude and invest for a better life

If investing makes your life miserable every day, it will lose its meaning.