When you make a lot of money in the Crypto Community, how to do risk control?
Share some practical but off-the-shelf risk control tips, which I spent 100 million to summarize.
It allows you to maintain a certain quality of life in the face of extreme risks, or to increase antifragility. Let you navigate the Crypto Community, which is very cyclical.
1. Be sure to spend a lot, try to spend as much as possible! buy the best food, clothing, housing and transportation, because when you have no money, you will pass these exams, for example, the shoes I bought in the Bull Market in 2017 are still wearing them in 2021. Buy good quality, durable, and classic. To put it simply, it is to pick the most expensive and the best
2. All kinds of membership cards are charged! Eat, drink, play and maintain health... Charge everything that can be charged, give priority to which ones are more difficult, even if 4 out of 10 are down, you still have 6. The role of these membership cards should not be underestimated, and the return can ensure your standard of living, and the boss can return the money when it is really difficult.
3. Buy luxury goods! luxury cars, watches, bags, these have good liquidity and maintain value, buy and buy, because when you have no money, or when you need money urgently, these can be quickly realized, mainly if you dare to discount, you can quickly come out.
4. Leave a lot of cash/gold! Note that it is banknote cash, not the number in the bank card, and you should always have it at home, which is very simple, which can not only give life to the bottom, but also prevent accidents such as moving cards and thunderstorms.
5. Give money when you have nothing to do, especially if you give it to your trusted parents and sisters, send it without asking for anything in return, and they can also sponsor you when you are in trouble.
6. Buy a house, especially the kind of property in a good location, especially in the first-tier cities, when you are in a hurry, you can only sell it at a 6-8% discount, and someone must take it in full.
7. Mix a stable job. Just mix it up, the meaning of this job is to give you a stable cash flow, other than that, there is no other meaning, you just need to do it without getting fired.
8. Save for one year's living expenses. Get a bank card, deposit it in, then cut it out, and go to the bank to replace the card when you are struggling.
9. Send a bag to your girlfriend. Buy, buy, send, send, send. If necessary, you might as well talk about a few more girlfriends, or even send them all away. Adversity can see the truth, and then you can screen out a reliable partner.
Crypto CommunityFluctuation is very large, evaporating 60-99% of assets every Bear Market, so it is important to learn to diversify assets and learn to hide money. Instead of evaporating in vain, it is better to spend it, or hide it.
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