18 Lessons I Learned from Crypto Markets

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Author: SuperEx

Whether you are in the crypto market or not, as long as you pay a little attention, you seem to always be tempted by stories of hundredfold or thousandfold wealth, unable to resist imagining yourself in such a scenario and eventually joining the game.

However, only after truly participating, you'll discover that behind the few lucky ones who get rich, the vast majority are just obscure cannon fodder who end up losing everything.

After years of deep cultivation in the crypto market, I learned these 18 lessons:

01

Do not assume anyone will look out for you

Even if you feel you are part of the crypto Twitter community and belong to a big family, in reality, you are fighting alone in this market. The cryptocurrency market is a "player versus player" arena where everyone pursues their own interests.

No one will truly care about you, and all decisions and actions revolve around self-interest. Therefore, you need to stay vigilant, rely on your own judgment, and not expect others' goodwill.

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  • Token price crashes (usually while you're sleeping), forcing you to cut your losses.

  • Understanding this pattern can help you avoid becoming a "bag holder".

    15

    Give yourself time

    We all hope to get rich quickly, but success in the cryptocurrency market takes time. Slow and steady wins the race. Of Warren Buffett's $84.5 billion wealth, $81.5 billion (over 96%) was accumulated after he turned 65. This reminds us that patience and long-term persistence are key to wealth accumulation.

    16

    What you want is not retirement, but freedom

    Many people think retirement is the goal, imagining themselves lying on a Caribbean beach. But retirement life might feel boring after a week. The real goal is freedom - waking up every day to do what you want, creating value with interesting people, while having enough time to accompany family and friends. The cryptocurrency market may provide you with financial freedom, but don't forget to pursue more meaningful life goals.

    17

    The cost of full-time cryptocurrency work

    If you want to quit a stable 9-to-5 job and fully commit to the cryptocurrency market, ask yourself if you're prepared to be online 10 to 16 hours a day, 7 days a week, for years. Even then, success is not guaranteed. Full-time involvement in the crypto market requires extremely high self-discipline, patience, and psychological resilience.

    18

    Reflection after success

    When you "succeed" in the cryptocurrency market, you may find that it's not what you initially wanted. You have money, but you're still the same person. Money cannot solve all problems. If your only goal is money, you may feel empty or even depressed after success. Therefore, setting goals more important than money, such as personal growth, family happiness, or social contribution, can make your success more meaningful.

    Article link: https://www.hellobtc.com/kp/du/05/5871.html

    Source: https://mp.weixin.qq.com/s/AQLzJ17kvbrVHTJmyNTPEA

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    Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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