disruptvestor on Nostr: A few words for the fresh retail capital entering crypto: Everyone has a ...
A few words for the fresh retail capital entering crypto:
Everyone has a 'circle-of-competence'.
Confusing confidence for competence leads to inflating that circle. And, this usually, ends with a lot of pain & heartache.
Entering #crypto with your hard earned money is easy. But, leaving with heavier bags is not.
Respect the game. Respect your limitations. You may be big guns back at your day job or industry, but here in cryptoland - probably not. It appears that all skills may not be 100% fungible & transferable across professions.
Independent, informed & correct trades reward you with heavier bags than what you came in with. Outsourcing critical thinking to others and chasing prices is hardly the solution.
Avoid buying junk. Don't take leverage. Stay humble. Spend your time studying before spending your money. Be open to the fact that this cycle might be for learning and perhaps the next one can be for earning.
There is no rush. Take your time. Study #Bitcoin.
Everyone has a 'circle-of-competence'.
Confusing confidence for competence leads to inflating that circle. And, this usually, ends with a lot of pain & heartache.
Entering #crypto with your hard earned money is easy. But, leaving with heavier bags is not.
Respect the game. Respect your limitations. You may be big guns back at your day job or industry, but here in cryptoland - probably not. It appears that all skills may not be 100% fungible & transferable across professions.
Independent, informed & correct trades reward you with heavier bags than what you came in with. Outsourcing critical thinking to others and chasing prices is hardly the solution.
Avoid buying junk. Don't take leverage. Stay humble. Spend your time studying before spending your money. Be open to the fact that this cycle might be for learning and perhaps the next one can be for earning.
There is no rush. Take your time. Study #Bitcoin.