5 things you may already know but never follow through with :)))

5 things you may already know but never follow through with :)))
.BTC hits the 70k mark and it seems like the market is lively again, if you are a newcomer then the 5 things below may not be unnecessary in any situation

1. ALWAYS INVEST WITH DISPOSABLE INCOME
=> Disposable here means that this money, if you have it, is good, but if you happen to lose it all, it's okay. You can lose it but it won't affect your life, to avoid being influenced by emotions (greed, fear). Don't wait until you're short on cash for groceries or buying milk for your child and then not know where to turn, ultimately having to sell off losing Coins/tokens. Don't borrow to invest in Crypto thinking that in 2-3 months it will increase and you can sell to pay off the debt, because the market may very well turn you into a debtor for many years.

2. YOU SHOULD HAVE A VISION AND INVEST FOR THE LONG TERM BECAUSE IN THE LONG RUN, FINANCIAL MARKETS WILL ALWAYS GROW.

=> Basically, in the long term, measured by years, the value of good projects will always have sustainable growth. However, note that it must be a GOOD project; if you invest long-term in shitcoins, you will end up with nothing.

3. HAVE A REASONABLE INVESTMENT PORTFOLIO ALLOCATION, DON'T GO ALL-IN ON ONE PROJECT

=> Even if you find a truly GOOD and QUALITY project, you should not go all-in. You should allocate across multiple portfolios, each with a reasonable buying strategy and DCA. After all, the weakest link is still the HUMAN. On a fine day, if the developer takes the investors' money and runs or a hacker crashes the project, you should still have a backup plan to minimize risks.

4. BE GREEDY WHEN OTHERS ARE FEARFUL BUT BASE IT ON TECHNICAL/FUNDAMENTAL ANALYSIS TO DETERMINE REASONABLE BUYING ZONES.
=> Buy when it's green, sell when it's red, just do that, don't do the opposite. If you see a drop, panic sell, and if you see it going up, then jump in with FOMO. Try to become a wise investor.

5. BE PATIENT AND TAKE PROFITS
=> Investing is a long-term process, like fishing; if you are not patient to wait and hold for many years, you may very well falter right at the threshold of paradise. => Take profits gradually whenever you feel it's enough, for example, take out your principal when it doubles or take partial profits, selling gradually at various price levels to achieve the best average selling price. No one can sell it all at the peak ATH, don't let profits slip away uselessly without taking action, only to end up cutting losses in panic. Remember the principle "Buy slowly - Sell gradually", buy at various price levels and sell should be the same. Wish everyone success!!!