āInvest in knowledge before investing in cryptocurrencies: understand the risks, research the projects and never put in more than you can afford to lose.ā
Lesson: How to Deal with Losses in the Cryptocurrency Market 1. Stay calm: Decisions made in desperation often make the situation worse. Analyze the facts before acting. 2. Reevaluate your strategy: Ask yourself: ā¢ Was my allocation balanced? ā¢ Did I invest more than I could afford to lose? ā¢ Does the project still have solid fundamentals? 3. Avoid selling at a low: Taking losses in moments of panic can hurt your recovery potential. 4. Learn from experience: Every loss brings a lesson. Identify mistakes such as over-leverage or lack of diversification to avoid them in the future. 5. Consider an adjustment: ā¢ Realign your portfolio to more stable assets, such as Bitcoin or Ethereum. ā¢ If necessary, reduce your exposure and focus on rebuilding your financial foundation.
āLosses in the crypto market are inevitable, but the learning you take from them can be the biggest gain.ā
āDonāt let anyone compromise your success in the cryptocurrency market. Make decisions based on research and strategy, and donāt let yourself be influenced by other peopleās opinions or external pressures. Your journey is unique, and the control is in your hands.ā
How to Take Care of Your Cryptocurrencies in the Long Term 1. Use secure wallets: ā¢ Choose hardware wallets (Ledger, Trezor) for greater protection. ā¢ Avoid leaving cryptos on exchanges for long periods. 2. Have backups: ā¢ Write down the seed phrases (never in digital media) and store them in safe places. ā¢ Consider fire/waterproof safes or compartments. 3. Stay up to date: ā¢ Stay informed about security updates for your wallets and projects. 4. Avoid phishing: ā¢ Never click on suspicious links. ā¢ Always check the URL of websites before logging in. 5. Plan for the future: ā¢ Consider including your cryptos in your estate planning. ā¢ Leave secure instructions for your heirs, if necessary.
Extra precautions: ā¢ Perform regular audits of your security. ā¢ Follow the market, but avoid acting on impulse.
āCryptocurrencies are like a safe: protect the key, and the treasure will be safe.ā
Crypto Lesson: Diversification and Risk 1. Diversify: Divide your investments into: ā¢ Major coins (BTC, ETH) ā 60-70% ā¢ Trusted altcoins (SOL, ADA) ā 20-30% ā¢ Risky bets ā 10% or less. 2. Manage Risk: ā¢ Invest only what you can afford to lose. ā¢ Use stop-losses to limit losses. ā¢ Rebalance your portfolio regularly.
Today's task: Pick 3 cryptos and study their fundamentals! āIn crypto, study and patience are worth their weight in gold.ā
āIn December 2022, I had 83 Solanas, purchased at R$60 each. However, a childhood friend who was starting a barber shop wanted to sell 10% of the business for R$3,000. I decided to help, investing almost everything I had in Solana to support him. In the first few months, we made a profit, but due to his greed, he decided to back out of the deal and wanted to pay the debt in installments. Now, almost two years later, he still owes me the amount. The moral of the story: never try to help others before helping yourself. If I had kept the investment in Solana, I would be much better off today.ā
āIf #Bitcoin cost just 1 real today, would you have the vision and patience to hold it for 10 years, believing in its potential for appreciation? Sometimes, the greatest opportunities come disguised as uncertainty, and it is the long-term vision that separates successful investors from those who fall by the wayside.ā
āBack in the days of our country, many people bought land without knowing if it would ever appreciate in value. My father had the opportunity to trade his motorcycle for a piece of land, but he didnāt want to, because he already had one. At the time, the land cost 5 thousand reais; today, it is worth 300 thousand. Cryptocurrencies work the same way: you buy, wait for it to appreciate in value and, with patience, profit from the market growth.ā
āI remember in 2016, when I was still a minor, I asked several family members to open an account for me at a brokerage. At the time, everyone said that Bitcoin was a scam. I went through that phase, but in 2018, when I turned 18, I finally opened my own account. Today, years later, I am reaping the rewards of that decision.ā
āThe future will be digital, and currencies will follow suit. The transition to digital currencies depends on the path each country chooses, but one thing is certain: the future starts now. Be prepared for whatās to come.ā
āThe cryptocurrency market is full of ups and downs. Donāt be afraid of volatility; those who donāt take risks donāt reap the rewards. The key is to have the courage to invest intelligently and with a long-term vision.ā
āYou wonāt make big profits with cryptocurrencies without patience. The market is volatile and requires a long-term vision to reap the rewards of investments made with strategy and perseverance.ā
Politics has a direct bearing on the cryptocurrency market because government decisions can significantly impact the sector. Here are the main connecting points:
1ļøā£ Regulation: Governments around the world create laws and regulations to control or encourage the use of cryptocurrencies. This can affect investor confidence and mass adoption.
2ļøā£ Monetary Policy: Cryptocurrencies emerged as an alternative to traditional financial systems. Policies that lead to inflation or devaluation of fiat currencies can increase interest in decentralized assets like Bitcoin.
3ļøā£ Institutional Adoption: Governments can drive the use of blockchain in sectors such as finance, healthcare, and logistics, creating a more favorable environment for the crypto market.
4ļøā£ Barriers and Sanctions: Bans or restrictions on crypto exchanges, mining, or use can limit market growth in certain countries, but also create opportunities in others.
In short: Politics shapes the environment in which cryptocurrencies operate. A stable political landscape with clear regulations and incentives for innovation can boost the sector, while restrictive policies can limit its growth.