Let me share a practical plan. If you can execute it, earning 1 million is achievable.
Ten investment iron rules of the cryptocurrency world:
1. If you lose money, it is either a cognitive issue (lack of knowledge, cognitive bias) or a realization issue (motivation issue, behavioral bias); or a disconnect between knowledge and action.
2. If you are playing with speculative coins that chase up and down, do not fantasize that it can change the world; that is an illusion you have ignited, shine a little less.
3. If you are investing in Bitcoin, do not just look at the minute charts, instead look at the bigger cycles, see the big picture from 2011 to 2021 from 2 anomalies to 69000.
4. Before 10 million, you can speculate and pursue high returns; after 10 million, what you need is investment. Speculation is fast in and out, investment is about compound interest.
5. Many people find it difficult to cross the gap between speculation and investment. Once they experience the thrill of fast in and out, they can hardly adapt to the loss of slowly making money, and ultimately they will all...
6. The best investment in a bear market is to invest in yourself. With knowledge, you can make money even without capital; with capital, you can lose everything without knowledge.
7. Bull market investment trend, let profits flow; invest in yourself.
8. If you lose money, turning that loss into knowledge is still worthwhile. As long as you seek knowledge, lost fortunes can be regained.
9. Focus on the unchanging things, that can clarify some things for you. The price of Bitcoin changes, but its underlying logic has not changed; the innovative value storage method of Bitcoin has remained unchanged.
10. Investment should follow the trend, but think in reverse. When the market is at its peak, there are almost no bears; when it is at the bottom, there are almost no bulls.
