Ten iron rules for investing in the crypto world:

1. If you lose money, it may be a problem with cognition (insufficient cognition, cognitive bias), or a problem with execution (motivation problem, action bias), or you know how to do it but don't do it.

2. If you chase rising prices and falling to play those scamcoins, don't think that you can use them to change the world, it's just your own fantasy, it's too shallow.

3. If you invest in Bitcoin, don't just look at the minute line, look at the big cycle, and look at the general trend from 2011 to 2021, pumping from $2 to $69,000.

4. Before your assets reach 10 million, you can speculate to pursue high returns, and after 10 million, you have to turn to investment. Speculation is fast in and fast out, and investment is slowly compound interest.

5. Many long people have found that the ditch from speculation to investment is not easy to cross. Once they have tasted the thrill of rapid entry and exit, they will not be able to adapt to the rhythm of making money slowly, and the money will still be lost in the end.

6. The best investment in a Bear Market is to invest in yourself. With cognition, you can make money without money, and with money, you will lose money without cognition.

7. Invest in the trend of the Bull Market and let the profits roll in; invest yourself in the Bear Market to improve your awareness.

8. If you lose money and can turn it into a cognition, it's still worth it. With cognition, even if you lose k money, you can earn it back.

9. Focus on what doesn't change, and you'll be able to see better. The price of Bitcoin is changing, but its underlying logic has not changed, nor has its way of being a disruptive store of value.

10. Sometimes you need to think backwards, almost no one shouts shorter when the bull is at the top, and almost no one shouts longer when the bear bottom.

#BTC