Lesson#06
Invest in Portions:
What I have seen and experienced over the years is that people tend to invest all of their dollars in one go and lose their privilege of averaging out when the dips come in the market. I know sometimes the market looks very attractive, and you will think that this is the best time to have a full go at it and put all your money in one go. But after a very short time, you would realize that this was not the extreme dip, and the market started going down again. At that time, you would be short of funds because you would have already invested all your capital.
I will give you my own example. When $ETH was at $4000, I invested my whole capital into it. The market started going down; in fact, $ETH came down all the way to $2100. But unfortunately, I was not having any funds to average it out. So eventually, I had to wait for one complete year before Ethereum came to break even.
The lesson learned here is to never ever put your whole investment in one go. Always invest in portions so that you have the chance to average it out when the market goes down."
