7 Life Lessons You Can Apply to the Crypto Market 2022 is a tougher year for cryptos than the previous two. But now is the best time to build muscle before the next bull run. ⃣Avoid binary thinking . Not every project is either "opportunity to xx" or "scam". The same project can be the Super Deal of the Year and the Scam depending on the time period. STEPN has become a great opportunity to earn money for those who were the first. And became a grave for the deposits of later players. ⃣Calm the monkey mind The biggest losses in the market occur after impulsive, emotional trades. Your task is to catch yourself in such situations and approach the issue with a cool head. For example, token A made 10 x, chats and channels are actively discussing it, and you have a wild desire to buy. At such times, it is better to move away from the charts. And the best token to buy is the one that is scary to buy, because little is said about it and it has been trading flat for a long time. ⃣Incentives are everything The market is driven by emotions of fear and greed. Understanding the psychology of people and the incentives that drive us will help us invest more successfully. For short-term trades, hype and marketing are much more important than fundamentals and technology. That is why I often analyze the tokenomics of the project, how many coins and at what price will be in the market and who will be willing to sell/buy. ⃣Health > Wealth Money is exciting, but you must remember that wealth means little if you are unhealthy. Graphs and a constant stream of information destroy mental health, and sitting in front of a monitor is physical. In a bear market, it is especially important to keep crypto-life balance. For example, set aside time for a specific area/occupation in crypto: NFT, trading, activities, project analysis. Do only one thing, do not jump on other trends and do not read all the channels in a row. ⃣There are more ways to make money than you know and imagine. The crypto industry is predicted to reach a capitalization of 10+ trillion within a decade. If you want to earn in debt, it is important to develop skills. Crypto is not only trading, where you earn 5%. You can "work in cryptocurrency" and earn much more than traders. © CryptoGuru
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