The most important thing in investing is not to lose money. Losses also have a compound interest effect. The deeper you sink, the more you lose. Win first and then fight, win first and then vote. Maintaining a high winning rate for a long time is far more important than blindly betting on high odds in stud. With an average compound annual growth rate of 40%, for 20 consecutive years, how much do you calculate the principal amount of 100,000 dollar? 10*(1+40%)^20 = 83.67 million dollar. What more bikes? The correct direction of effort is not to figure out how to turn 40% into 80% this year, but to study how to maintain a 20-year winning streak.
The one that gets off the bus is unstoppable. Holding Bitcoin is also a skill.An important reason for not having the skill to hold is that you will not be friends with volatility. Understand that volatility is a manifestation of asset vitality. The huge volatility, on the contrary, shows that Bitcoin is still in a vibrant childhood. The greater the volatility, the greater the growth. Pay attention to observe that a few-year-old children jump up and down all day long and have unlimited energy. Watching a baby can make you exhausted. Young people in their twenties are full of enthusiasm, tinkering with all kinds of things all day, full of ideas to change the world. Middle-aged people in their forties are much more stable, realizing their mediocrity, and no longer want to change the world, they just want to make more money pragmatically.
To be friends with volatility is to be pleased that Bitcoin, which has such a large market value, can still maintain great volatility, and that Bitcoin has greater growth potential in the future. To be friends with volatility, you must learn to calm down and sleep steadily when the market fluctuates sharply.To be friends with volatility, we must be diligent in thinking, diligent in strategy, and constantly exploring ways to be friends. The more thorough the strategic thinking, the better the tactical execution ability. All human limitations lie in "knowledge" rather than "action." You can't go to Mars, not because you are not diligent enough, but because you don't know how to do it under the constraints of limited resources. You are so busy all day to die because you don’t know how to make 10 times more money without being busy. The problem with everything is not how diligent you are, but that you don't know any better way.
Posted Using LeoFinance Beta