币姐投资笔记

[The successful people in the cryptocurrency world all share these traits: buying Bitcoin, making fewer mistakes, and living long] #币姐投资笔记

In this circle, many people mistakenly believe that they can earn enough money to last a lifetime just by relying on some altcoin.

Until they are repeatedly worn down by these altcoins, they realize that admitting they are ordinary, working honestly to earn money, and then regularly investing in Bitcoin is the real way to win.

The cryptocurrency market is too volatile; trading can happen at any time, 24 hours a day, so getting involved can often be just an emotional impulse.

Investment is not like work; the more you trade, the better the results will be. On the contrary, the more you can restrain yourself from trading, reduce mistakes, and even avoid major errors, the more likely you are to outperform others in the long run.

Those extreme cases where someone makes hundreds of thousands or even millions at once are often just fleeting successes, and their shelf life is usually very short.

Being able to stay in the market, grow steadily, and endure a sufficiently long market cycle allows one to see the cyclical patterns more clearly than others.

When the patterns become apparent, one can seize the opportunity and get it right once again.

Those who can repeatedly invest in long-term appreciating assets, make fewer mistakes during periodic opportunities, and manage to endure for a long time are basically the ones who can achieve a wealth leap through the cryptocurrency world.

Have we reached the bottom? Are we going to surge after Christmas? Some say there will be a big drop later.

Recently, this is the question I’ve been asked the most.

The situation behind this question is that everyone still has some capital; they might have hesitated to buy during the previous sharp drop and are now afraid of missing out. If they don’t buy now, they worry that prices will continue to fall, making it impossible to acquire cheaper assets.

Perhaps this reflects the situation of most people behind the question? How to solve it?

The answer is—one can only rely on oneself to persuade oneself.

At any stage, no one can definitively say whether we have reached the bottom or the top. Anyone who still harbors this speculation is investing based on imagination.

I have reduced my position by 40% at the adjusted level mentioned earlier, and I am still waiting for the remaining 60%. I expect there is a high probability of extreme panic before the year ends.

If that doesn’t happen, then I would have returned to the equivalent amount of assets I had before reducing my position, which means I won't miss out.

If the expected panic arrives, then I will continue to add positions based on the pre-set conditions and plan the next steps at that level.

There are no predictions, only a mechanical and cyclical repetition.