Easiest ways to make money :
- Men's lust
- Women's desire for beauty
- Elderly's health
- Children's education
- Rich people's fear of loss
- Brokies desire to get rich quickly
Bitcoin is volatile because its true value is beyond fluctuation.
The market reflects perception, not inherent worth.
To survive the volatility, take your primary stand in immutable worth.
This is true for the body/mind as well.
Money rule of thumb:
People are willing to give you roughly a third of the money you can make them they otherwise wouldn’t have made.
Price accordingly.
Tried scalping, got wrecked. Looked back on my past and realized my edge came from high conviction plays. Returning to high conviction trading style now.
Remember:
No leverage
No FOMO
Top 3 to 5 assets as main bag
Self-custody (or multi-sig) with good wallet hygiene Only trade a small Degen bag <10%
HODL over a longer time horizon
Zoom out and remove the noise
*** Expect 35% pullbacks frequently ***
*** BTFD if you can