Investment Advice from Overseas Veteran Players: How to Become an Early Bird
Today I saw an article by a senior overseas investor. In the article, this investor wrote some suggestions for beginners who are new to digital currency investment. I think it is very valuable, so in the next article I will Translate and share some of his views with everyone.
Note: Most of the content of the following article is my translation based on the author's original text.
"I got into this field too late".
This is probably the strongest emotion that many novice users feel when they first enter this field.
I remember that when I first entered this field in the summer of 2017 in the last round of bull market, ETH had already reached $300, and the momentum was quite strong, with no signs of stopping. Next, my ears began to be filled with a lot of terms I didn't know, and a lot of projects I didn't understand in front of me-these projects all seemed to be very powerful.
I feel that I came too late, I only have so little ETH in my hand, it seems that there are more people around me than me, so there will be a strong sense of anxiety.
Later, however, the emotion proved to be a psychological trap. When anyone first enters the field of digital currency, he is a "laggard" compared with those who are already in this field. But in the end, there are only a very small number of people who can really stay in this field. As long as you can finally settle down in this field, you will not fall behind, you are an "early bird".
Controlling this kind of emotion is very important for an investor who is new to the digital currency field. Only by controlling this kind of emotion can we keep a calm mind, especially when we enter this field and coincide with the arrival of a bull market.
Allowing the emotional development of "I entered this field too late" often leads novice users to take reckless or even extremely risky investment moves.
Remember: you are not late at all, don't think that I am late, I have no chance, and therefore take crazy and irrational actions.
After reading the above passage, I seem to have returned to the time when I first entered this field, and the emotion mentioned by the author immediately came to my mind.
I remember when I started buying bitcoins, my biggest emotion was, why did I wake up so late, how did I realize the value of bitcoins so late, hey, I missed a major opportunity in my life.
At that time, the entire digital currency was also on the rise in the bull market, and there were various conferences, speeches, and activities held by various organizations in the circle. Looking at the guests on the stage and the participants around, everyone is talking about how many bitcoins someone has, where someone has mining machines, and how much bitcoin is when someone enters the market.
Many of those guests and participants were well-known players in the circle at that time, and many of those organizations were well-known groups in the circle at that time. Seeing these, and then looking at yourself, the unbearable and sad will follow you everywhere.
But I was a little bit lucky, based on my intuition accumulated in other investment markets, I was a little worried about the frenzy of the market at that time, so I didn’t buy like some other novice users regardless of everything, but waited and watched.
Sure enough, after the bear market came, the prices of most digital currencies were restored to their original shape, and Bitcoin also fell to the bottom. I found my own opportunity to enter the market.
Looking back at the bull-bear cycle in recent years, and thinking about the big names and organizations in the past, most of them have completely disappeared in the circle.
Some of them lost their bargaining chips because they couldn't bear the torment of the bear market. Because they want to "get rich overnight", some of them are overwhelmed and lose their troops in leverage and contracts again and again, and finally lose all their assets.
Occasionally, I saw those people at that time in the circle of friends, some were doing micro-businesses and selling things, and some were changing their careers to do other things... They were all strangers. But I persisted and became an "early bird" in the eyes of others - not because of how good I was, but because I survived the trough of the market and persisted in my love for the industry and my vision for tomorrow.
