The best situation for the mixed currency circle is:
Enough reserve funds: It is best to keep at least 3 years of living expenses, even if there is no income, you can still live. This can avoid making impulsive investment decisions due to financial pressure.
Stable job and positive cash flow: Having a stable job and positive cash flow income is the most ideal situation. This can ensure that there is a certain amount of money to buy coins every month, and you will not be forced to sell coins due to financial difficulties.
Don't be obsessed with bottom-picking and top-escaping: Understand that the bottom and top are an area rather than a point, and don't pursue every penny of profit too much. Have a long-term investment vision, believe in the potential of the coin, and be able to grab the big profits.
Maintain a good mentality: Don't be greedy and impulsive, don't show off and be arrogant. Stay calm and rational, and don't be swayed by market sentiment. Just make money, don't pursue the perfect buying and selling time too much.
Know your strengths and limitations: Understand your investment strength and risk tolerance, and don't blindly pursue high returns. Don't invest indiscriminately, choose projects carefully, and keep funds in the bank for safety.
In short, the best situation for the cryptocurrency world is to have enough reserve funds, a stable job and cash flow, not obsessed with bottom-fishing, maintain a good attitude, and understand your own strengths and limitations. Only in this way can you achieve long-term and stable investment returns in the cryptocurrency world.
As an investor who has been working in the cryptocurrency world for many years, I am willing to share my experience and insights with you. If you are interested in the cryptocurrency world but don’t know how to start, you might as well follow my homepage and discuss the mysteries and future possibilities of the cryptocurrency world with me. Click on the avatar to find me.
