Before starting to hoard coins, we should take these factors into consideration as much as possible and do a better job of hoarding coins. My personal investment style is also hoarding coins. Here are some thoughts on hoarding coins.

Choose your currency carefully

Hoarding the right coins is the top priority of all things. If the right coin is hoarded, all subsequent discussions are meaningful; if the wrong coin is hoarded, all subsequent followers are wrong, and the subsequent discussion is meaningless. Therefore, when you start hoarding coins, you need to devote 80% of your time and energy to choosing the most suitable coin.

If your coins are right, then time is your friend. With the development of time, your wealth will slowly ferment, the price will rise slowly, you will feel the feeling of getting rich slowly, experience To the power of compound interest, experience the beauty of growth.

But if your hoarded coins are wrong, then this will be the beginning of all nightmares. The longer you hoard, the greater the loss. Not only will you not be able to earn wealth, but your original wealth will also be lost. At the same time, you will have to put a lot of effort and effort into it, and after this matter is over, you will also have a strong self-doubt.

Regarding hoarding coins, one method I often use is called self-debating . Take a large piece of white paper and write down the positive and negative views, that is, those who are optimistic about this coin and those who are not, and then argue with yourself. This process may even last for several years, until you can completely refute all the opposing views. It may be called comprehension, at this time you can rest assured to hoard coins. This is what Charlie Munger said: "If you can't refute a point more than the smartest person in the world, you dont deserve this point.."

Don't stop Researching

Even if you have hoarded a large number of coins, generally important thinking is completed before investing, and then just wait, but I suggest not to stop researching this coin. Everyone's cognition is constantly improving, it takes a long time to polish, ponder to really mature.

Don't simply hoard coins. When hoarding coins is the only thing you do, the process of hoarding coins is not so wonderful .You will always be unable to control your heart. From time to time, you always want to look at the price. I strongly suggest that when hoarding coins, you should record all your ideas for hoarding coins and all thoughts on this coin in the form of text, just like "Hoarding SOLANA "There must be some people who are as optimistic about this digital currency as you are. They may also want to hoard the coin. At the same time, you have made many friends and effective feedback; more important The thing is that you can clear your thoughts in the writing process and take a look at it from time to time.