Crypto Investment Experience: Authentic and Practical

Bitcoin and scarcity The first thing I want to emphasize is that Bitcoin has a hard limit of 21 million coins. This means that no matter how much the market explodes, the supply cannot increase. This scarcity makes Bitcoin regarded as "digital gold" – a long-term store of value. Most players may not even be able to own a whole Bitcoin in their lifetime, so I always remind myself: if you hold Bitcoin, consider it an investment for the future. Investing in Bitcoin is a game of patience with such a limited asset. Risk Management Is More Important Than Technical Analysis I used to be very enthusiastic about learning technical analysis in the hope that being good at watching charts would win big. But experience shows that good trading without knowing risk management will not save the account when it encounters a shock. Many investors are so superstitious in predicting candlestick patterns that they forget to place stop loss orders, or risk using too high leverage. I witnessed many accounts "flying colors" just because of an unexpected crash. As a golden rule, only put in the market money that you can afford to lose. Long-Term Strategy: Hold and Staking Contrary to the stressful surfing, long-term investment by holding (HODL) or staking is usually more stable. In fact, smart "sharks" trade less and mainly hold (stack) and earn interest from (stake/earn). Bitcoin has increased an average of ~100% per year over the past decade, but for many reasons, most retail investors did not fully enjoy that wave. With staking, you send tokens to the network to receive additional coin rewards – essentially earning passive income while holding the asset. Personally, I often use the dollar-cost averaging method (DCA) for Bitcoin/Ethereum and let the coin "self-operate" through staking, instead of watching the chart every day. Thanks to this method, no matter how much the market fluctuates, my portfolio remains strong. Why Do Many People Still Lose Money? As I have shared, even though BTC has increased by ~100% each year, many investors still suffer total losses. From my observations and experiences, I see common mistakes such as: Chasing after "shitcoin" ( small altcoins ) instead of focusing on scarce assets like Bitcoin. Trading based on emotions: FOMO buying at the peak, panic selling at the bottom, not following a plan. Believing that "this time will be different": assuming that this cycle does not follow previous rules. Lacking serious research and discipline: not setting stop-loss, using excessive leverage, or expecting a "magic algorithm" without understanding its nature. Those mistakes cause many people to participate when they see prices rise sharply, only to panic and sell off when the market corrects. Investing based on emotions is always a quick path to zero. Simple Strategy for Busy People If you can't spend 4+ hours a day analyzing charts, then a simple strategy will be more suitable. The original article suggests: if you don't have time for extensive research, allocate 70% of your capital to Bitcoin, 30% to Ethereum, then send it to staking and... turn off notifications. I find this approach very reasonable: both Bitcoin and Ethereum have good liquidity, and staking helps generate passive income without the need for constant monitoring. The important thing is to avoid making decisions based on the crowd: once you've allocated your portfolio, it's best to just "turn off the app" and ignore the rumors. The simpler the strategy, the fewer mistakes you'll make; don't try to "catch the peak or the bottom" if you don't have the time. Practical Advice for Beginners Here are some "truths" I've realized that can help you go further: Do not blindly trust "experts" or gurus online. Remember that anyone offering free advice may not fully understand the risks. Always do your own research (DYOR) before buying any coin. Information is everywhere, but you must understand it yourself. Take responsibility for your decisions, do not blame the market. Every trade, every investment is your choice. Maintain patience and discipline: crypto is not just about money, but also a lesson in perseverance. Do not rush into something new just because you see others doing it, do not let greed or fear control you. In summary, investing in crypto is not a quick way to get rich but requires a long-term mindset, risk management, and always prioritizing discipline. Stay alert to market conditions, continuously learn, and be prepared to accept risks. Starting with simple steps, you will minimize mistakes and advance further in the world of crypto.