It took me 10 years in the crypto market to learn these lessons, and you can absorb them in just 10 minutes:
1. No matter the market's condition, one truth holds: 10% of people will always control the 23 million Bitcoins in circulation.
2. Mastering the art of financial, capital, and risk management is far more vital than perfecting technical analysis or conducting in-depth crypto research.
3. The crypto market offers various passive income opportunities—trading should not be your only focus.
#Bitcoin has averaged over 100% annual growth for the past 15 years. Yet, why do so few people succeed? The answer lies in the common misconception of easy wealth. Many enter the crypto space with unrealistic expectations of getting rich quickly. If you can't commit at least four hours daily to crypto, your best bet is to stick with Bitcoin and Ethereum—allocating 70% to $BTC and 30% to $ETH . Trust no one but yourself. Relying on others leads to false hope, disappointment, and mistakes. Educate yourself and take full responsibility for your trading decisions.
The purpose of investing is to enrich your life meaningfully. If your crypto gains bring genuine fulfillment, continue. If not, reconsider your approach. Although crypto originated from technology, it has evolved into a financial market. Investing in this market with a purely tech-driven mindset can be challenging. Cryptocurrencies are now closely tied to traditional financial markets, with macroeconomic factors becoming increasingly influential.
While people rarely question investments in land, gold, or diamonds, Bitcoin often faces skepticism. That’s fine because when something is widely accepted, the opportunity may have already passed or diminished. Take action while the chance is still there!
