First, let me talk about my understanding of BTC. BTC is currently the most worthwhile asset to hold for the long term. Here are the reasons:
1. BTC is the mirror of fiat currency. Since the dissolution of the Bretton Woods system and the cancellation of the peg between fiat currency and gold, fiat currency has been on an irreversible path of infinite overproduction. The top-level people use the power of currency issuance to exploit the labor of the middle and lower classes, and this is true for every country. BTC, on the other hand, has a fixed total supply, while fiat currency will only depreciate, and BTC will appreciate.
2. After more than a decade of development, BTC has grown amidst countless scams and cries of zero, with its price rising higher and demand increasing. Countries and institutions have intervened, and the consensus has become strong enough.
3. Since its inception, BTC has never trapped anyone; every peak in the bull market has been a new high. As long as you hold it long enough, you will reap substantial returns.
Now let's talk about the mentality of holders. It is found that retail investors have the following characteristics:
1: Most people panic during corrections and FOMO at new highs.
2: They hold a basket of altcoins while looking down on BTC.
3. They follow news in the crypto sphere, such as whales transferring BTC to exchanges, ETF outflows, BTC strategic reserves, etc.
4. They trade contracts and look down on spot long-term investments.
All four points need to be avoided to have a chance to make money in the crypto space. In fact, making money in the crypto space is very easy; the important thing is the mindset. The correct approach is as follows:
1: Continuously DCA buy at relatively low positions, and after about 4 years, continuously DCA sell at relatively high positions, without making any swings in between, without trading contracts, and investing spare money. If you use leverage to borrow money to invest.
2. Do not panic or be swayed by news; the news is deliberately shown to you by institutions and whales.
In conclusion, everyone can allocate a portion of cryptocurrency; this is the only way for us at the bottom to resist the increasingly inflated prices. Playing in the crypto space does not require technical skills, only the right mindset. Wall Street giants like Michael Saylor hold their positions without selling; why would you sell? Do you think your investment skills are better than theirs? Making money is very simple; you just need to do one thing well: hold steady, hold steady, hold steady!
