50 Fundamentals of Virtual Money Investments by the Founder ..... Bitcoin - Satoshi Nakamoto
Chris Dunn, founder of Skill Incubator, specializes in online finance skills. Chris Dunn himself has had five years of experience playing and investing virtual money, Bitcoin, since 2013. Here are the 50 costly lessons he shares.
50 Costly Lessons from Skill Incubator Founder on Virtual Money Investing
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Learn to survive the fluctuation and then focus on developing strong.
Temporarily ignore daily short-term goals instead of long-term goals.
Do not lose a big chance for failure.
Capturing the dynamics of new markets is important, as a precondition for successful or failed deals.
To change your life with a certain amount of money, temporarily do nothing for at least 30 days.
The Ponzi model is present in all network marketing affiliate marketing projects.
Do not listen to anyone, especially those who appear random in the media.
Good analytical techniques can be destroyed at any time when a new entrant arrives.
You absolutely can not control the market. You can only control transactions, transaction levels and how to withdraw.
The best way to make money is to find the potential to grow and invest them, with the mind losing 100% of capital, but that potential must be found before people create the trend.
When the stock market is rising (bull market), everyone thinks of themselves as geniuses. But when the market is falling (bear market) or the market is fluctuating, only the genius really survive and develop.
Do not be afraid to face the downfall or fluctuation of the market. This is where you can earn the most money. Remember that the market has its development cycle.
Make a big difference between trading and investing.
Complete the transaction plan before proceeding with another transaction.
When you manage the money well and the risks will determine whether you earn money or lose everything.
Be cautious with good masters who improvise with Bandwagon effects in the virtual currency market.
The type of transaction or investment to be made is two very important decisions.
Not everyone who makes a fortune in the virtual currency market can make a lot of money in the financial market. Many (95%) stock market investors have failed because of this.
There is currently no best way to trade in the virtual currency market.
The relationship between volume and price, or any other tool, is not something that will make you profitable.
"Sharks" often make news to attract views and clicks and they do not have the responsibility to make you money.
When investing or trading do not entrust anyone. Should trade for your own and secret.
Do not hurry because this is a long race. Many surprises are waiting for you ahead.
Over-capitalization, hesitation about transactions and closing deals when things are still intact are the three big business issues.
The reason is that you lose money or can lose a lot of money because you do not master low transactions and skills.
Consider investing carefully to minimize risk. As of now, 90% of Cryptocurrency eventually goes to zero.
Take a close look at market signals to capture opportunities.
The longer the time frame, the more variables affect price and the more difficult to predict price. Should shorten the trading histogram.
For business and investment, do not listen to anything from people around you and think like a paradox.
Manage your deals in a bold, confident way that you will not regret if there is a risk.
When the trend goes through and refines what is most suitable for the market.
Before major events occur, investors should be cautious of trading because there may be some market fluctuations.
The important principle of investors is to preserve capital and manage risks.
The biggest challenge for entrepreneurs is their ego.
The most important thing after making that mistake is not to trip the mistake twice.
The electronic money market is a 24/7/365 market and we can not capture all transactions. But do not worry if you miss, there will be other deals soon.
Momentum and advertising "coin garbage" is also a channel to make money, just do not invest long term.
Do not use livelihood money for sales, as it is risky.
When the market fluctuates considerably, it is time for digital money transactions to decrease.
Nothing is both difficult but also the biggest advantage in business.
The market is the place to tell you everything at the end of the trend so do not try to take the lead.
Often, pilots, police or firefighters are capable of investing well.
The best CEOs usually work for bad bosses.
It is advisable to limit participation in "substandard" groups.
Do not process or exchange virtual currency as a bank account. Since you do not actually own the money, unless you can control the personal key.
If you want to invest in Bitcoin then you must have knowledge and understanding about them.
Coins with low trading volume and market capitalization should be avoided. Because they are easily manipulated and lose their liquidity.
For smart investors, they often put "strength" into one or several big investments.
The state of fear, greed, hesitation always works when you enter into transactions and investments.
Bitcoin has experienced a lot of ups and downs, but then rose. That means "bubble market" does not mean it will collapse.
thank you !
Wow nice post. Keep em coming. will folloy you for more in the future :)