Feelings, emotions, subjective assessment of the situation are the reasons why the majority gives their money to the minority.
It's no secret that many people came to the cryptocurrency market for big money. This was influenced by various kinds of “news” and “success” stories. But, once inside all this, we realized that not everything is so simple, and the only simple thing is to drain the deposit!
I, in turn, “entered” crypto in search of passive income, having experience in hired work, traditional business, and network business. It all started with Ether mining on video cards, then it grew into Bitcoin mining on ASICs. It seemed to me that I had finally set up passive income for myself, but that was wrong. Mining was no different from service stations and Donerna in terms of stress and responsibility! I had to invest in equipment, people’s wages, renting premises, monthly debt obligations to utilities, and all this against the backdrop of a constant state of stress, at the expense of responsibility for the safety of people, the performance of equipment, and so on. Two years later, I stopped mining and received +20% of my initial deposit, that is, 10% per annum. This despite the fact that I managed to sell the equipment quite well! Then it seemed to me that I had earned nothing and had just lost two years.
Then I started trading. In general, I have been familiar with trading since 2010; I traded currency pairs on the stock market. I can shamefully admit that I lost quite a lot while trading crypto, despite the fact that I used technical analysis, followed the news, subscribed to bloggers and got acquainted with the forecasts of “experts”.
Analyzing the experience gained, studying the philosophy of investors and observing what is happening in “money” globally, I discovered a lot of interesting things. It turns out that 10-20% per year of net income is a lot. A close friend of mine, who is the director of a large foreign distribution company, told me that their net income per year is about 5%, while their monthly turnover reaches 25-30 million dollars per month. Honestly, I was dumbfounded! It is not for nothing that Warren Buffett is considered a successful investor with a return of about 20% per year.
Now I trade spot, about +4% per month. I don't predict the price at all. I adhere to the philosophy of buy and sell for more. All this is automated. And it’s as if I was now able to set up passive income, although I still can’t believe that I succeeded...
I want to share some tips that help me: in any market, the main thing is not to lose what you have, no matter $5 or $50k. Remember that the cryptocurrency market is first and foremost a MARKET! Emotions are the worst advisers!
be FOMOless...