比特橙炒币日记

1. Slow is fast
1. Because I am not very busy at work usually, I often have some Bitcoin faucet websites open on my computer, earning only 0.0000001 Bitcoin a day. After I clicked on the earnings today, I suddenly realized that investing only requires finding a valuable asset that can rise in the long term, like Bitcoin, and then exchanging time for space, consistently investing daily, and in the end, there will be good returns.
2. Why does one feel uneasy inside? Because of excessive focus on short-term market trends, the short-term rises and falls of the market, only God knows. No matter the candlestick chart or the news, it is all noise.

1. Double the principal: My average purchase price for ADA this round is $0.8, sell half of the principal when it reaches $1.6.
2. All time high: Sell half again when it hits a historical high. The highest point of ADA in the last bull market was $3.2, sell half again when it goes above $3.
3. The rest is profit, sell depending on the situation.
4. Current position held: I am staking interest in Ledger, holding and not selling. Accumulate some ADA at zero cost and continue staking to earn interest.

 $BTC I categorize the cycles I experienced in the cryptocurrency market into the following 6 stages
   1. Latent Period  2. Awareness Period   3. Following Period  4. Frenzy Period
   5. Burst Period  6. Destruction Period
 

Below, I will share my experiences regarding the cycles I have gone through. However, the order is different; I started from the frenzy period.
   1. Frenzy Period
   1. I entered the market during the frenzy period. In April 2021, I was watching videos on Bilibili, and there was a content creator named We Coin Wu Yanzu (the man with three moles, which must be mentioned here) promoting Bitcoin mining and trading for profit. I thought about studying how to mine without investing money to earn Bitcoin for free. I initially thought that by just downloading a mining program on my computer, I could get Bitcoin for free. As a result, Bitcoin can no longer be mined with an ordinary computer; it can only run $DOGE and the mining program for $XMR Monero. I was thinking of getting it for free.

$ADA Honestly, I haven't been sleeping well during these days of investing in ADA. I often find myself opening the app to check the price of ADA. I think the main reasons are as follows:
1. Lack of understanding: My understanding of ADA is still insufficient. Although I have invested, my anxiety is actually due to the fact that my research on ADA is still not deep enough, and I lack confidence.
2. Overexposure: The amount invested in an asset is proportional to how well you understand it. The reason I'm feeling uneasy is that I have invested too much. That day I couldn't sleep; I couldn't rest until I swapped some of my BTC holdings for ADA. I believe that this $0.80 ADA is severely undervalued. It's such a good opportunity, and I don't want to miss it. My investment principle is to give up some opportunities that don't belong to me. I'm not envious of every opportunity out there; if it's not mine, it's not mine. However, if it's an opportunity I can grasp, I still want to fight for it.

As of the time of posting, the price of ADA is 0.86 USD, and this round is expected to see 5-8 USD. The reasons are as follows:
1. Because I bought it, my butt decides my brain.
2. Because I watch D's videos every day, he brainwashes me every day, and I have joined the ADA cult.
3. Personally, I think the overall application of fast chains in this round is still quite limited, and the rise mainly relies on speculation. The story of ADA is well told and has a certain level of popularity.
4. I stake ADA in my Ledger, receiving staking interest once every 5 days. Staking does not require locking up, and I personally feel it's pretty good.
5. The security coefficient of the ADA chain is relatively high. Actually, I don't play DeFi, don't authorize Dapps, and don't involve security issues.

　Step 1: Analyze your own situation
　 1. First, define what an ordinary person is. First, your dad is not Li Gang; second, your family has no significant assets to leave you; third, you don't have a particularly refined skill; fourth, your appearance is average, and in a crowd, you wouldn't stand out. Fifth, you still want to make some money and don't want to just lie flat. Sixth, education is actually not that important; you can work hard and endure some hardship, or you can learn something. Alright, let's move on to the next step.
　 2. Do not rush into the three major pits: buying a house, getting married, having children. Or not just one child; once you have one, you can only be busy and exhausted.