Golden rules for investing in crypto:
1.
If you lose money, it's either a cognitive problem (lack of knowledge, cognitive biases), an implementation problem (motivation problems, behavioral biases), or a mismatch between what you know and what you do.
2.
If you are playing with air coins that chase the rise and fall, don't imagine that they can change the world. That is your fantasy, a short-lived shine.
3.
Invest with the trends, but think counter-intuitively. When the market is at a top or bottom, market sentiment is rarely bearish; when the market is at a bottom, market sentiment is rarely bullish.
4.
Before 10 million, you can speculate and pursue high returns; after 10 million, you need to invest. Speculation is based on rapid entry and exit, and investment is based on compound interest.
5.
Many people find it difficult to cross the divide between speculation and investing. Once they experience the thrill of getting in and out quickly, they can no longer adapt to the disappointment of making money slowly, and eventually they
6.
The best investment in a bear market is investing in yourself. If you have knowledge, you can make money without money; if you have money, you can lose money without knowledge.
7.
Invest in the bull trend and keep profits flowing; invest in yourself in the bear market.
8.
If you lose money, turn the lost money into knowledge, it is still worth it. As long as you learn it, you can get back what you lost.
9.
Pay attention to the things that don't change, they can make you more certain. The price of Bitcoin is changing, but its underlying logic remains the same, and the innovative way Bitcoin stores value remains the same.
10.
If you invest in Bitcoin, don't just look at the minute line, look at the larger cycle.
