When I write a post recently, there are always sarcastic voices in the comment area, and there are many sarcastic people (I saw the term sarcastic people from a Taiwanese Youtuber, which means netizens who speak sarcastically). In the past, I would refer to DOTA2 anchor YYF and selectively ignore negative comments. I wanted to respond to this after get off work today.
1. The Crypto circle is multi-faceted. On one side is Low. As can be seen from the hype about Liangxi, Low has huge traffic. On the other side, there are also many people who have confidence in Crypto and have a positive attitude. I prefer to be with the latter. The industry is constantly developing, and I must work hard to make my knowledge worthy of the progress of the industry.
2. As the market conditions turned warmer, I felt inspired and wrote a lot of content related to investment psychology. The content has no practical significance and is more about self-expression.
3. The biggest gain this year is learning to use framework thinking, and the same is true for currency speculation. There is a book called "The Four Pillars of Investment: The Key to Building a Long-Winning Investment Portfolio". The four pillars (framework) are investment theory + investment history + investment psychology + investment industry. Theory refers to technical and fundamental analysis, history refers to what has happened in the market, psychology refers to common human laws, and industry refers to various market participants.
4. Continuing on, I am interested in psychology. I have read and written a lot, including "The Psychology of Money," "Financial Psychology," "The Investment Magic Book," "Narrative Economics," and "Ten Core Principles of Value Investment." It is a good book, especially "Narrative Economics", written by Robert Shiller (Nobel Prize winner in economics). The first chapter of the book studies the narrative economy of Bitcoin.
5. After experiencing the bear market for the past two years, I find it difficult to make money. In the last bull market, I just entered the market to speculate in contracts and woke up with a profit of 200,000 to 300,000 yuan. Making money is really as easy as breathing. Later, the "5.19 tragedy" occurred, and the position was liquidated instantly. It was too late to stop the loss because the exchange was down. Only by experiencing this kind of pain can you understand that currency speculation is not a simple matter.
6. In the past six months, I have become obsessed with short videos. People in these short videos talk about money in units of millions, tens of millions, or even hundreds of millions. This is far from my actual life. I am a migrant worker and graduated in 2016. For a year and a half after graduation, my monthly salary did not exceed 5,000 yuan. It was only after I changed careers that my income improved.In the financial information services company where I work now, I heard that some of my colleagues are second-generation rich. They are transitioning in the company, gaining experience in stock trading, and will return to inherit the family business in the future. To this day, no one around me speaks a million words.
7. Whether it’s short videos or Crypto, when I see others saying they’ve made millions, I’m both envious and doubtful of their authenticity. Then I thought about it, it’s none of my business if other people make money. Instead of being envious or questioning, learn the skills. Learn technical analysis, learn to research fundamentals, learn investment psychology, and learn industry history. If you make money, you realize your knowledge. If you lose money, you are willing to admit defeat.
8. Regarding the KOL perspective, let me talk about my personal experience. In the past two years, I paid to join a mustard circle whose leader was a professional Crypto analyst. His analysis was logical and data-driven, but the reality was that I didn’t make any money during that half-year period. The main reason is that the market changes rapidly, and sudden good or bad news can directly reverse the market, and all previous analyzes are turned into cannon fodder. Who can predict breaking news? Therefore, you must think independently and trust your own judgment.
9. Since I started writing posts on Square on October 5, I wanted to write something every day, but I had no intention of chatting and flirting with girls, so I uninstalled the social software. Anyway, I hope to achieve satisfactory returns in the 2024 bull market. As the saying goes, men become confident when they have money, and women become beautiful when they have money.
10. Do you find it difficult to make money? Join the poll or see you in the comments section.
