1. Don’t work for money: Rich people focus on building assets. Every dollar in their asset column works for them, creating more wealth.
2. Don’t be controlled by emotions: Fear and greed trap people in a cycle of working for money. Educate yourself to avoid being driven by these emotions.
3. Acquire assets: Avoid buying liabilities like cars and luxury items early. Invest in assets first, and let those assets fund your luxuries.
4. KISS principle: Keep it simple. Assets put money in your pocket, liabilities take it out. Always focus on buying assets.
5. Know assets vs. liabilities: Assets generate income (stocks, real estate, crypto); liabilities drain money (house, car, debt). Be clear on the difference.
He's from Vietnam,an enthuasic, smartest person I have met online
You will make some profit just by listening to this guys!
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Trading Insight
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$BTC biểu đồ nhiệt và chỉ số RSI ghi nhận những con số mới cần được quan tâm. 👉Chỉ số RSI liên tục giảm và hiện tại đang đạt ở ngưỡng "QUÁ BÁN" vào giai đoạn báo động, nhưng chưa phải là báo động đỏ. Nên vẫn còn cơ hội cho RSI tiếp tục giảm tức BTC có thể giảm tiếp... 👉Biểu đồ nhiệt đánh giá BTC có thể khung Tháng và Năm về được mức giá thấp nhất ở 38.000 - 43.000. Để có thể tiến tới mục tiêu xa hơn tại 80.000-100.000$ Thông tin và dữ liệu để tham khảo, không phải để allin ae nhé
Which affect this indicator? Q:"What is the reason why this indicator EXIST at all?"
A:"So basically, fear&greed index let us know whether the markets(overall) are bullish or bearish."
Q:"Should I care about this indicator?"
A:"YES, IF YOUR PORTFOLIO IS DIVIDEND "
Q:"What decide the arrow in this index?"
A:"There are 6 aspects that affect the arrow" Which is
1.Volatility: 25% Mean the up&down trend, its frequency,strong or not.
2.Volume:25% High volume like Bitcoin,Ethereum affect the market more than others coins
3.Social media:15% Be careful for propaganda. This is Whale's strongest weapon to manipulate the crypto market,though you can use it for your OWN advantage too.
4.Trends:20% If you do not prefer meme coin, then you don't need to care about this factor
5.Survey:15% Another Whale's trick, first they will praise 1 coin,then will make a survey,most likely the survey has been design to favor the Whale
This is 3 ways to earn money while the crypto market is down
1.Invest in stock: Yeah esspecially in Index Fund, BUT remember, NEVER BORROW MONEY TO INVEST IN STOCK(APPLY FOR ANYTHING ELSE except real estate)
2.Real estate: You can borrow money, buy a house or an apartment,then rent it to get some "passive income"
3.(This is a very risky way, but imma say it cuz who don't want to get some money back from losses?)Invest in meme coin(again): I have mentioned this type of coin from previous post, labbeled it as "trash", "corrupt","Ponzi scheme", but hang on, its value go up and down so fast and we can take advantage of this.
Credit: Trading Height Follow him and me for more info
TOP 11 BIGGEST CRYPTO SCAM
The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇 1️⃣ FTX - Collapsed in November 2022 after misuse of billions in customer funds. - Founder Sam Bankman-Fried sentenced to 25 years for fraud. 2️⃣ Luna and TerraUSD - In May 2022, Luna and UST's collapse caused a $60B loss. - Founder Do Kwon arrested in March 2023. 3️⃣ QuadrigaCX - Founder Gerald Cotten's death in 2018 left $215M inaccessible. - Investigations revealed it was a Ponzi scheme. 4️⃣ Africrypt - In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC. - Investigated for money laundering in Switzerland. 5️⃣ SafeMoon - In 2021, execs withdrew over $200M for personal use. - SEC charged them with fraud. 6️⃣ Pro-deum - In 2018, the project vanished, marking it as an exit scam. - Investors lost all funds. 7️⃣ Pincoin and iFan - In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme. - The team vanished after collecting the funds. 8️⃣ Celsius Network - In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B. - Plans to return assets to customers. 9️⃣ Centra Tech - In 2017, raised $25M with fraudulent promises. - Founders received prison sentences. 🔟 Mining Max - In 2017, defrauded investors of $250M. - Only $70M spent on mining, affecting 18,000 investors. 1️⃣1️⃣ OneCoin - In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B. - Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large. To avoid scams: - Research thoroughly - Verify team credentials - Avoid unrealistic promises - Diversify investments - Never store all funds in one placeStay cautious and invest wisely! 🔒 #scamriskwarning #FTXScamAlert