Cryptocurrency
After I first entered crypto, I believed it was all about making the neatest strikes — recognizing the subsequent massive factor, timing the market completely, and outpacing everybody else. However after years of ups, downs, and hard-earned classes, I’ve realized the reality: success in crypto is much less about brilliance and extra about self-discipline.
Many of the errors I made weren’t from a lack of awareness however from being impulsive, emotional, and overconfident. Crypto is unpredictable, and studying learn how to navigate its highs and lows with out self-sabotaging has been my best achievement. Right here’s what I’ve discovered that can assist you keep away from the traps that so many people fall into.
Leverage is a kind of issues that may amplify your wins — however it could destroy you simply as rapidly. The difficulty isn’t leverage itself, however how you utilize it. Early in my crypto journey, I noticed leverage as a simple approach to enhance my features. The outcomes? A couple of wins, adopted by devastating losses when the market turned towards me.
Right here’s how I method it now:
- Solely use leverage in case you’re skilled and totally perceive the dangers.
- Hold it modest — borrow 10–20% of your portfolio…