For ordinary investors, when entering the cryptocurrency market, they must first pay attention to the leader - Bitcoin. This is a basic understanding. Otherwise, it is easy to be attracted by the myth of some altcoins that make you rich overnight and go astray.
As an investor, the most critical ability is the speed of obtaining information and the ability to analyze and judge the information. Let's look at three pieces of information first.
In fact, there are four pieces of information, which can be said to be good news for the cryptocurrency circle.
There is no doubt about the status and influence of Bitcoin in the entire cryptocurrency market. It is no exaggeration to say that Bitcoin is the barometer and weather vane of the cryptocurrency industry.
The above information will undoubtedly drive the rise of Bitcoin. As expected, the price of Bitcoin has just exceeded 60,000 US dollars, rising from 56,000 US dollars in the past few days to 60,000 US dollars. The increase is still gratifying.
It is particularly noteworthy that the performance of Hong Kong virtual asset ETFs exceeded market expectations (and also exceeded the performance of US ETFs on the first day of listing), which is a big surprise, and this is just the beginning. It should be noted that mainland Chinese investors cannot buy Hong Kong virtual asset ETFs. If you use your imagination a little, you can see the explosive power and growth space of the future market.
Once the leading company makes a move, the market will be in turmoil.
In this super bull market that is about to begin, how can ordinary investors plan their investments to have a chance to turn things around?
Remember, our goal is to turn things around, and then double it.
Survival is the only way. Otherwise, you will end up as cannon fodder, not even as leeks.
Focus on mainstream coins, and invest at least 60%-70% of your funds in low-risk tracks. Then, invest about 10-20% of your funds in medium-risk tracks, such as the recently popular fan coins, and AI, artificial intelligence, WEB3, etc. that are long-term bullish. Finally, use about 15% of your funds to challenge high-risk tracks, such as new coins. If they can soar, just think of it as smoke rising from your ancestors' graves. Even if they are cut in half, it will not hurt you much.
Of course, it looks very simple in theory, but it is very challenging in practice. I personally recommend taking it step by step, rather than rushing in without thinking. Otherwise, the probability of returning to the pre-liberation era overnight is much greater than the probability of becoming rich overnight.
Many people hold a lot of altcoins. To be honest, I think that is not courage, but gambling. Once you have the mentality of taking shortcuts, most of the results will end in failure. Don't think that you are the lucky one in a million.
I have always emphasized a point of view that the most important quality of investment is mentality. Since the essence of a zero-sum game is gambling, the quality of mentality directly determines the outcome. If you have the ambition to make 100 million but don’t have the patience to make 100 US dollars, the result will probably only be 200 million (amnesia and memory).
Investing is a practice.
Vision, courage and patience are all indispensable.
——2024.5.3 Mingyuan original
