friedport

From ground zero

Disclaimer: This is not financial advice and everything in this post was written solely for myself.


I just bought Bitcoin for the first time since getting my entire crypto portfolio wiped out. This was especially hard because I remember how cheap I'd previously bought it at.

Combine this with the challenge of rebuilding a portfolio from zero and it makes it very easy to not want to bother at all-especially when your buying fractions of a fraction of a Bitcoin at a time.

However, the reason why I'm writing this blog post is to consolidate the harsh lessons I've learned over the years of being in crypto, so I can define a strategy moving forward.

The Strategy

DO THE OPPOSITE OF EVERYTHING BELOW.

Mindset

Risk Management

Choosing Assets

Buying Behavior

Operations

Social Behavior

Using the framing above and painting a picture of how to become the worst possible investor helps me get a much clearer picture of what not to do and how to avoid emotional financial traps.