Some people don't buy BTC because it's too high, thinking how much more can it rise?
This logic seems correct on the surface, but it doesn't hold up under scrutiny.
Just ask him: How does he know it won't rise much? Ten years ago, someone said this; five years ago, someone said this. To this day, there are still people saying this.
You will find that those who say such things are all from the same group of similar mindsets.
What they say seems reasonable, but they haven't made much money.
If they are right, then why haven't they made money? And why do people who buy BTC keep making money?
Some people say you should definitely buy altcoins; altcoins earn more.
Anyone who says such things, I'm sure they haven't made much money.
Because their mindset is not stable, when the mindset is not right, any skill, information, or advantage will be discounted.
The mindset is built on cognition, which is why it's often said that wealth should match cognition.
Cognition leads the way, wealth follows; wealth won't go astray.
If wealth is ahead and cognition hasn't kept up, then wealth is just something you're temporarily holding.
One day, if you incur losses, are scammed, or the project team runs away, don't blame the heavens and the people.
This is just a dynamic mean reversion of cognition and wealth balance.
Is it okay to just buy BTC? Of course, it is; you won't earn a little, just a bit slower.
Is it okay to just buy altcoins? It depends on personal circumstances. If you earn 2 million a year, then investing 100,000 is no problem.
If you only have 1 million and use it all for altcoins, encountering market conditions like these in the past few days, that 1 million would probably drop to 600,000.
Your mindset will collapse. Because you are not worthy of that 1 million; you only deserve 100,000. Altcoins will ultimately drop by 90%.
Maybe someone will say, I successfully sold at the top; when it surged, I sold. This might be your skill.
In the investment world, technology is just auxiliary; if done right, it can increase your returns, but if done wrong, it will accelerate your losses.
If you get the pattern wrong, luck will offset the technical advantages.
No matter how good you are, you cannot deny that the process of making money has a certain element of luck.
And luck will not be under your control.
Investment should be approached from a God-like perspective. Pretend you are God.
After observing for these years.
You may have already noticed that virtual assets are continuously expanding.
Shitcoins and air coins can surge in a bull market; you understand this pattern.
Then you will allocate your investable assets to this.
How much Bitcoin should you buy, how much altcoin, how much air coin, and how much junk coin?
I just want to see the coins drop.
In your mind, there must be someone you consider very important, someone very unimportant, and someone you don't want to deal with at all.
When a noble person calls you, you will respectfully answer. When your noble person invites you to dinner, you immediately put down your busy work and go.
You don't even bother to answer calls from people you look down on. If they invite you to dinner, you might only go when you're bored, and as long as you have something to do, you don't want to waste your productivity.
The moment we invest, this matter is already complete for us.
You can look at prices, but you shouldn't overoperate. The more you operate, the easier it is to earn less because your mindset is surely not stable and influenced by market fluctuations. The market can affect most people, so in that influenced state, your actions become distorted, making it difficult to make money.
If you lose money after buying air coins, going to zero is normal because they are trash. The proportion you allocate to trash was originally very small, so it won't erode your principal.
The main assets can rise slightly to cover your losses.
If air coins surge, you can also exchange for a bit more Bitcoin.
Altcoins and air coins are prone to losses, but we still need to buy them.
We make money using strategy, so don't care too much about the gains and losses in one place. Keep advancing step by step using this method.
You may temporarily be at a loss, but that's okay; you'll eventually earn it all back.
This is the way of the investment world. You need to have a God-like mindset.
Trash has its own fate; just care for it a little less.
Quality will develop well; it doesn't require your mental effort to watch over it.
After buying, you need to have the momentum of 'buying and leaving it be'.
Once you have the momentum of 'buying and leaving it be', it means your mindset has matured.
Your mindset has improved.
This is a sign that you are about to succeed.