If you could go back to the day you first entered the crypto space, what would you most want to remind yourself?
1. Protect your principal, rather than chasing profits. When we first entered the circle, we always thought, "If I can make a few million to splash around, I’ll stop once I’ve made thirty million," but the seasoned investors are always thinking, "How much might I lose?"
Don’t go all in: Never bet your life savings on a single project.
Learn to cut losses: Admitting mistakes is not shameful; watching your hard-earned account balance go to zero is what is truly shameful.
Don't touch leverage: volatility itself is leverage, and adding a multiplier only accelerates the descent to zero.
2. Only the money mentioned in the wallet is yours. At that time, I had not yet realized the importance of "ownership."
Stay away from shady exchanges: Don't put your funds on unreliable small platforms for those high annual returns or small cryptocurrencies.
Learn to use a hardware wallet: The mnemonic phrase is your life. If you do not control the private key, then the assets do not belong to you.
3. Overcoming "Fear of Missing Out" (FOMO) Seeing others share their profits and witnessing a certain MEME coin skyrocket can be incredibly tempting.
Opportunities are endless: What the crypto world lacks is not opportunities, but capital.
Earn money within the scope of understanding: Money earned by luck will ultimately be lost by skill.
4. Maintain a balance in life This aspect is often overlooked, and many trader friends suffer from cervical spondylosis, stress-related obesity, and long-term insomnia, experiencing extreme pressure.
Don't watch the market 24 hours a day: The crypto world operates 24/7 without rest, but human energy is limited.
If investing affects your sleep and real life, then you are being played by money, not playing with money.
Summarize in one sentence:
"Slow is fast, relax, just treat it as a leisurely tour around the Earth."
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If you could go back to the day you first entered the crypto space, what would you most want to remind yourself?
1. Protect your principal, rather than chasing profits.
When we first entered the circle, we always thought, "If I can make a few million to splash around, I’ll stop once I’ve made thirty million," but the seasoned investors are always thinking, "How much might I lose?"
Don’t go all in: Never bet your life savings on a single project.
Learn to cut losses: Admitting mistakes is not shameful; watching your hard-earned account balance go to zero is what is truly shameful.
Don't touch leverage: volatility itself is leverage, and adding a multiplier only accelerates the descent to zero.
2. Only the money mentioned in the wallet is yours.
At that time, I had not yet realized the importance of "ownership."
Stay away from shady exchanges: Don't put your funds on unreliable small platforms for those high annual returns or small cryptocurrencies.
Learn to use a hardware wallet: The mnemonic phrase is your life. If you do not control the private key, then the assets do not belong to you.
3. Overcoming "Fear of Missing Out" (FOMO)
Seeing others share their profits and witnessing a certain MEME coin skyrocket can be incredibly tempting.
Opportunities are endless: What the crypto world lacks is not opportunities, but capital.
Earn money within the scope of understanding: Money earned by luck will ultimately be lost by skill.
4. Maintain a balance in life
This aspect is often overlooked, and many trader friends suffer from cervical spondylosis, stress-related obesity, and long-term insomnia, experiencing extreme pressure.
Don't watch the market 24 hours a day: The crypto world operates 24/7 without rest, but human energy is limited.
If investing affects your sleep and real life, then you are being played by money, not playing with money.
Summarize in one sentence:
"Slow is fast, relax, just treat it as a leisurely tour around the Earth."