Your life should not be wagered on things you do not understand
In the cryptocurrency space, you often hear people say: "You can never earn money beyond your understanding, unless by luck; however, money earned by luck often gets lost again through ability."
I do not oppose investing, nor do I say that trading cryptocurrencies will definitely lead to losses. But for ordinary people, those who make money in the cryptocurrency space often rely on temporary luck. And luck is something you cannot see or touch, and it can disappear in an instant.
If you want to invest in cryptocurrency, you should ask yourself a few questions. Is your intelligence among the top in the field? Do you have professional skills and sources of information...? If not, you should be cautious about entering the cryptocurrency space. In this market, most of us are retail investors; we cannot compare ourselves to large players and professional fund managers, so why can we make money in this space? The answer is luck.
Therefore, for many retail investors, I hope to only invest a small amount of money for fun, to understand oneself in the cryptocurrency space, to recognize what type of investor you are, and to become calmer and more rational. This way, the margin of safety is higher, it does not affect your life at all, and it is very unlikely to affect your mindset.
Because your life should not be wagered on things you do not understand. When we are young, the little money we can manage is not worth wasting time on "financial management." What needs to be “managed” the most should be our own knowledge and abilities. To put it in an old-fashioned way, for ordinary people, working hard, living well, and focusing on family and work is the greatest responsibility to oneself and to family.
