To be specific, I am not teaching you to speculate in coins, I am telling you how to invest in Bitcoin.
Of course, you can think that Bitcoin is a dog. Everyone’s perception is different. You can’t force it, and there is no need to argue. People are different
I’m not teaching you to chase the ups and downs, I’m teaching you value investing.
Why do you want to speculate in coins? Because speculating in coins is a better investment. I am more optimistic about the future of Bitcoin and the future of blockchain.
Choosing to speculate in currencies is an investment in the future. Standing on the wind, a pig can be encouraged to climb a tree.
I believe in the future, I am optimistic about Bitcoin and blockchain. This is also one of the few opportunities that ordinary people can grasp.
But the poor should speculate in cryptocurrencies with an "investment" mentality, and not chase rising prices or sell when prices fall.
We must learn to treat hoarding coins as "savings" like Jiu Shen.
Don't Go All In
Idle money investment
Value investment, fixed investment
Diversification
Avoid the high-yield trap
Cryptocurrency speculation must be divided into long-term and short-term. The longer the cycle, the better. However, the funds must be relatively large. When you hold Bitcoin for a period of months, quarters, or even years, you will almost always make money. If you are short-term, the overall profit will definitely not be as high as in the long term. You may even face the risk of losses.
Investing is always the place with the lowest threshold and the most difficult to make money.
Therefore, before opening a position each time, you should manage your position well, and each loss should not exceed 5% to 10% of the position. The second is to strictly stop profit and stop loss.
Taking profits in batches can allow you to make more money to the maximum extent. You can put the stop loss at the place where you just open a position. This way, you will not lose money and the other half will be in your pocket.
So no matter what you do, you should look at the matter of currency speculation correctly.
Now that we have talked about cryptocurrency trading, let’s also talk about cryptocurrency hoarding.
The two most difficult things about hoarding coins
The first is capital. It takes a lot of money to hoard enough coins to make a comeback in the bull market. It is not possible to make 100% profit with just a dozen or twenty dollars.
The second is loneliness. For many people, it is more difficult to keep their coins than to be widowed. They feel extremely devastated when seeing big fluctuations. The price changes every day. When the market is full of high emotions, it may continue to soar, plummet, or continue to go sideways in darkness.
At this time, your mind is already in chaos, and you will wonder if you can sell it if it keeps going sideways and then invest in other small coins in various aspects.
Loneliness, extreme loneliness
At this time, you should calm down, remember the key, and then uninstall it and forget that you have Bitcoin.
Next, you should think about what your purpose of hoarding coins is?
If you insist on doing something and spend time, energy, and money just to invest in Bitcoin, you must be able to suppress your impulsive heart and constantly improve your goals in order to persevere.
As long as you can keep your heart, believe that Bitcoin is the best way to change ordinary people and firmly believe that it can rise to the price in your mind.
As long as you start to slowly question Bitcoin and question whether it can make money, your inner desire has already begun to crumble. Looking at those who play contracts and make money every day, your own career of hoarding coins will soon end.
It is always a wrong behavior to only watch others eat and not watch others being beaten. Even if others are standing on a high platform, you should not recognize their silent contributions behind the scenes.
So as long as you can hold on to your coins, you can win your own future.
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