A tip for trading coins every day!!!
Stick to regular investments, increase your position when prices drop!
What to do after you have 0.01?
In addition, we need to deeply understand the timeless and repeatable investment philosophy of BTC that predecessors have exchanged with real money.
1. Believe in long-termism
From the moment you decide to start and every time you increase your position, be mentally prepared to hold for more than five years or even a lifetime. Do not pursue techniques that yield ten times in a year; they may exist, but they are not replicable. A million can become a hundred million in just two years; if this method were replicable by everyone, it wouldn't be you who gets rich, but the money that becomes worthless.
2. Anti-fragile assets
There are three key choices in life: first, what career to pursue; second, who to spend life with; third, which asset to heavily invest in.
Ephemeral assets that do not provide long-term compounding are not worth the energy of long-termists. Being anti-fragile is more important than high returns.
3. Perseverance and determination
It's easy to set goals but hard to have long-term goals.
The two most important words in "stick to regular investments and increase your position when prices drop" are not "regular investment" or "when prices drop," but "stick to it." Overcoming the panic of continuous declines and floating losses, and overcoming the fear of rapid rebounds and being trapped when chasing, requires perseverance. Losing focus is dangerous.
4. Do not go all in
Do not short when bearish, do not go all in when bullish. Restrain impulses, build positions in batches, and always leave room to survive, only make mistakes that can be corrected. Leverage is a place of death, cash flow outside the market is the foundation for increasing positions.
A good mindset is the cornerstone of continuous success; a broken mindset is the beginning of failure. Applaud when prices rise, increase positions when prices drop.
5. Focus
Start by investing well in one asset. Diversifying funds will only disperse your energy and lower returns. Choose the one that will not let you down the most, the one you can be with for a long time.
Diversifying funds does not spread risk; on the contrary, the more places you step, the greater the chance of stepping on a landmine.
7. Walk with the right people
Establish a shared belief with others, replicate methods that are replicable, and ultimately, everyone walks towards success together.
