So how to control your mindset?
Here are a few small suggestions that I hope will help you.
1. See through the essence of market speculation: Distinguish between primary and secondary; primarily speculate as a side hustle, treating it as a new way of wealth management and an ability to earn extra money. Of course, if you treat it as your main job (professional speculator), then I won't say anything.
2. No need to watch the market every day: There is no need to watch the market daily; monitoring the market is the obligation of those who are in the circle. Most people just need to slowly invest their spare money, let it grow in the pool, and then you can take it out. Speculating on cryptocurrencies is that simple; it’s not as complicated as you think.
3. View price fluctuations calmly: In the process of investing, we need to maintain a calm mindset. Don’t calculate how much you’ve lost or gained every day. Because, regardless of the type of asset, prices will always fluctuate in a cycle. In crazy times, they will drop, and in depressed times, they will recover. These fluctuations are very normal. If you focus too much on short-term gains and losses, your mindset will constantly follow price fluctuations, and in the end, you will definitely be a loser.
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