The Best Strategy to Take Full Advantage of Bitcoin Is Also the Simplest One
“Keep it simple and focus on what matters. Don’t let yourself be overwhelmed.”
As a preamble to my story, I’ve given you a quote from Confucius that emphasizes the importance of keeping it simple and focusing on the things that matter.
Confucius also says that you must not allow yourself to be overwhelmed in life.
So you should not get emotional about your strategy with Bitcoin. This means not giving in to the FOMO (Fear of Missing Out) or FUD (Fear, Uncertainty, and Doubt) feelings that develop around Bitcoin from time to time.
Bitcoin is very young which means that its price is subject to very high volatility. You should keep this in mind when you start buying Bitcoin. If you don’t feel able to keep a cool head when Bitcoin is going to take 10% in 24 hours or lose 10% over the same period of time, you should avoid coming into this world.