Have you ever thought about this question: why can a person who knows nothing make money by investing regularly and holding Bitcoin for a long time?
I have thought about the essence of this problem, and the root lies in their behavior. Excluding all human interference, making money has nothing to do with emotions.
When it comes to investing, once it’s tainted by personal emotions and subjective judgment, it can be fatal.
As long as you invest based on market sentiment, your returns will be reduced or you will suffer losses, without exception.
Simons, the father of quantitative investment, achieved an annualized return of 64%, far exceeding Buffett's 20%.
But before that, Simons relied on 13 years of studying macro fundamentals to invest and make money, but ultimately gave up when he didn't make any money and turned to advanced mathematical models, eliminating any human emotional factors to interfere with making money in the market.
Human emotions are the biggest interference in investment.
In the cryptocurrency circle, some people make money by trading, some make money by hoarding coins for a long time, some rely on contracts, some make money by making a profit, and some become KOLs to earn rebates and customer losses.
As long as you make money, you will not be disturbed by emotional factors.
People who make money from trading have clear plans for why they buy, when they sell, and how much they earn. They don’t chase highs, buy at the bottom, or use FOM.
People who hoard coins to make money just buy them, regardless of the highs or lows, regardless of market sentiment, just buy Bitcoin, regardless of the gossip in the coin circle, regardless of who gets rich quickly, and hold on to them for more than 2 cycles.
People who make money by playing contracts will withdraw money as soon as they make money, always open a certain amount of positions, set stop loss and take profit, and take a break if they don’t make money, and find a new strategy. They will not be disturbed by emotions, will not carry orders, will not use ultra-high leverage, and will not open positions at will.
People who make money by brushing the hair, no matter whether there is an airdrop or not, will always insist on brushing. If this one doesn’t work, they will move on to the next one. They will not be discouraged and will not complain.
People who make money as KOLs will not sympathize with others who lose money, nor will they feel morally condemned for eating the losses of their customers. Of course, they themselves will not play with contracts, will not be dragged down by people who make money, and they will not be disturbed by any emotions.
To make money in the cryptocurrency world, you must exclude all emotions. If you want to buy a coin, if you have a thought in your mind that this is going to make you rich, what if I missed it, others have bought a lot, and others say it is good, then you should not buy it. There is a high probability that you will be cut.
Many people say that regular investment is easy. I think this statement is naive. People who have never done it say that it is easy.
Fixed investment is the most difficult because it is slow, and slow means the most anti-emotional. Not only is it slow, but you have to endure long-term losses. As long as you have emotions against the market, you basically give up. There will definitely be people who buy more when the market is falling and less when it is high, or buy more when it is high and not buy when it is falling. Or they buy and make a little profit but can't hold on and want to sell.
I have written many articles about ordinary people's regular investment in BTC. It does not mean that you must sell BTC to make money from investment, or you must make regular investment.
Rather, regular investment allows the most ordinary and least skilled people to make money, and it allows them to eliminate emotional interference.
On the contrary, it is not easy for smart people to make regular investments, while it is easier for people with average qualifications to make regular investments.
Not only in investment, but also in doing anything, once you put in emotions, such as excitement, sadness, or pride, your actions will be distorted and you will not do things well.
Why do those big shots want to practice spiritual cultivation, go into seclusion, seek out masters, walk in the desert, and live in temples?
In fact, these behaviors are used to dilute one's emotions, and emotions will increase the entropy change in one's behavior.
It will not bring any good luck, but will increase your burden.
If you don’t learn to eliminate emotional interference, you won’t be able to make money no matter what techniques you learn or what methods you use to play in the cryptocurrency world.
You can ask those people who are very good at making money in the cryptocurrency circle, they will not be disturbed by emotions.
If you make money, smile and continue with the next order. If you lose money, smile and continue with the next order.
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