Finally, because we are tired of talking. He has helped me see the world of cryptocurrencies better, and I would like to share it with you.
1st Law - Prudence
2nd Law - Awareness
3rd Law - Balance
To summarize everything we talked about. He asked me if I had ever gone fishing. I told him no, to which he replied — Now I see why you are anxious —
As a child, he had gone fishing with his father. Very innocently, he was nervous and eager to catch the biggest fish. Instead, his father set up the fishing rod, put on bait, and waited... After a long time, and after talking a lot with him, he got up, took his rod, and left with him.
And that? What does that mean? Didn’t they catch anything? The problem is that one wants to make the most out of everything, to invest and always have profits, but we must be patient; someday that fish will come.
The 4th Law for investing is patience.
And because of that, he taught me to be more patient and to use the buy and sell functions in Spot well, especially with the OCO function. There lies the trick for us newbies who are just starting.
Don’t let your money slip through your fingers, be patient, and secure it with that. And come back tomorrow; perhaps you will have better luck.