Have you ever thought about a question: why can someone who knows nothing, as long as they regularly invest and hold Bitcoin for a long time, still make money?
I have thought about the essence of this issue; the root cause lies in their behavior of eliminating all human factors of interference to make money, which has nothing to do with emotions.
Investment, once it involves personal emotions and subjective judgment, becomes fatal.
As long as you invest while being influenced by market emotions, it will definitely reduce your returns or lead to losses, without exception.
The father of quantitative trading, Simons, achieved an annual return of 64%, far exceeding Buffett's 20%.
However, before this, Simons relied on 13 years of research on macro fundamentals to invest and make money, but ultimately did not make money, gave up, and shifted to advanced mathematical models, eliminating any interference from human emotional factors to make money in the market.
A person's emotions are the biggest interference in investing.
In the cryptocurrency world, some make money trading, some profit by holding coins long-term, some rely on contracts, some farm tokens, and some KOLs earn commissions and customer losses.
As long as it is profitable, it is not affected by emotional factors.
People who make money in trading have clear plans on why to buy, when to sell, and how much to earn. They won't chase highs, bottom feed, or fall for FOMO.
Those who make money by holding coins just buy, regardless of price highs or lows, regardless of market sentiment; they just buy Bitcoin, ignoring the rights and wrongs in the cryptocurrency world, and they don't care who gets rich. They hold for two cycles or more.
Those who make money from contracts withdraw their profits immediately, always open positions in a fixed amount, set stop-loss and take-profit levels, take a break if not making money, and find new strategies. They are not influenced by emotions, do not hold onto losing positions, do not use excessively high leverage, and do not open positions arbitrarily.
Those who make money by farming tokens persist in brushing regardless of whether airdrops happen or not. If this doesn't work, they move on to the next, not discouraged, and not complaining.
Those who make money as KOLs do not sympathize with others' losses and do not feel morally guilty for client losses. Of course, they also do not engage in contracts and are not dragged down by those who make money; they have no emotional interference.
Making money in the cryptocurrency world requires eliminating all emotions. If you want to buy a coin and have a thought in your mind that this is going to make you rich, what if you miss out? Others have bought a lot, and others speak well of it, then you shouldn't buy it. The probability is that you will be cut off.
Many people say that regular investment is easy; I think this statement is naive. Those who haven't done it say it's easy.
Regular investment is the hardest of all because it's slow. Slowness is the most anti-emotional aspect, and not only is it slow, but you must also endure long-term losses. As soon as you let emotions oppose the market, you basically give up. There will always be someone who buys more when the market is down, buys less when it's high, or buys more at high prices and doesn't buy when it's down. Or they buy and take a small profit and sell it.
I have written many articles on ordinary people regularly investing in Bitcoin, not saying that to make money in investments one must sell Bitcoin or must invest regularly.
Regular investment allows the most ordinary people without skills to make money, as it helps them eliminate emotional interference.
On the contrary, smart people find it difficult to make regular investments, while those with average qualifications find it easier to do so.
Not only in investing but in doing anything, once emotions are involved, such as excitement, sadness, or pride, behavior becomes excessive, and actions will become distorted, resulting in poor outcomes.
Why do those big shots engage in spiritual practice, go into seclusion, seek masters, traverse deserts, and live in temples?
It is actually through these behaviors that one can dilute their emotions; emotions increase the entropy in one's actions.
It won't bring any good luck; instead, it will increase your burden.
If you haven't learned to eliminate emotional interference, no matter what technique you learn or what method you use in the cryptocurrency world, you won't make money.
Those who make a lot of money in the cryptocurrency world, you can ask them, and they will not be affected by emotional interference.
When they make money, they smile slightly and continue to the next order; when they lose money, they also smile slightly and continue to the next order.
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