1. Get it done in one step and hoard coins at a high price.
In 2013, a big investor entered the market and bought a lot of bitcoins directly at high prices. Throughout the bear market in 2014, he kept trying to buy to lower the average price of his holdings, but he never bought at the bottom. When the price finally collapsed to 900 yuan, he stopped buying. This perfectly fits the buying logic of most of the "leeks" in the currency circle.
After experiencing a long bear market for three years, in the bull market of 2017, he sold continuously at the beginning of the bull market, perfectly missing the subsequent gains and achieving the achievement of "selling and the price will rise".
It can be seen that if we want to hoard coins for a long time, we must have a good mentality. If it is not a fixed investment, but a one-time high position, no matter how much it claims to be a long-term investment, before the paper loss, the anxious mood is still difficult to control.
Therefore, it is more suitable for ordinary users to invest money that will not affect their life even if they lose it, or to make small fixed investments over a long period of time. This strategy allows them to hold on to their coins.
2. The key is lost due to improper storage.
We often hear that people lose their property because they lose their mobile phones with digital wallets due to various reasons. It can be seen that the security of blockchain assets comes from the private key. If the private key is forgotten, all assets will be lost.
Although most people will back up their private keys and mnemonics, not many have actually restored them. They are often scared and at a loss when something goes wrong. As for the mnemonics and backup files, they have long forgotten where they were saved, so many times the coins are really lost to us.
Although Bitcoin is very valuable now, for various reasons, millions of Bitcoins can no longer be recovered. Should we keep our own digital assets ourselves or put them on trading platforms? If we put them on trading platforms, they may be stolen by the trading platforms, or the trading platforms may run away; if we keep them by ourselves, we are afraid that something will happen to us one day, and our family members don’t know your wallet private key, which is equivalent to losing it forever. Of course, how to save is a matter of opinion, and everyone is different. What I want to express is that you should not wait until your wallet is lost before you regret it. You can try to restore the wallet at ordinary times, teach your family how to use digital wallets, and stay vigilant. Having a sense of vigilance is the greatest guarantee.
3. Lack of perseverance and giving up halfway.
In a bear market, very few people are willing to invest. Even if the price of Bitcoin continues to fall, the number of people willing to buy Bitcoin for $3,000 is far lower than the number of people willing to buy Bitcoin for $10,000. Investments in all aspects are facing suffering.
In fact, the biggest problem has nothing to do with the bull market or the bear market, but the fact that the purchase is based on your own thinking, rather than entering the market based on hearing about the rich stories of big Vs or friends.
There are always a few people who have their own opinions, execute according to the plan, and go against the current. When they assess the situation and follow the trend, they must add their own understanding to judge, and finally verify their cognition through operation. Only firm perseverance can truly avoid giving up halfway.
