Remember to play your own game when trading and investing into crypto assets. While, I have mentioned in prior posts the importance of employing various strategies to protect and grow capital, the most important thing to remember is that your goals and objectives should differ from everyone else. Everyone has a different level of risk tolerance, and different ideas on what types of investments should appeal to them. After all, it’s your own money, and there’s nothing worse than falling into crowd think, or group behavior. So, don’t forget to think a bit independently. Remember, you’re an individual, and you don’t need to act on every recommendation, or jump onto the bandwagon when a coin is starting to blast off to the moon. You’ve got to have conviction in the choices you’ve already made, while also maintaining an open mind for emerging opportunities. Whatever you do, don’t lose sight of what you’re willing to risk, and how much volatility you can realistically tolerate. In other words, if you can tolerate the volatility in Bitcoin, but can’t withstand the price moves in smaller tokens then it’s better to stick with Bitcoin. In the end, the potential for success is limited by what you’re going to do. So, if you can’t maintain a steady hand when investing into crypto, it means you’ve got to scale back the amount you’re risking as a percentage of your total capital. However, if you have more risk tolerance, you’re more likely to hold through epic bull market runs, while weathering the storms. It also means you can behave more logically during market peaks, and market floors. Don’t expect your behavior to miraculously change from past patterns. It’s hard to break the shackles of habit, so it’s better to gradually modify behavior, as you develop the emotional tolerance to withstand risk. If you know that a 65% drop in Bitcoin would have devastating impact on your personal finances, and yet you’re the type to sell when prices drop, and buy when prices peak, you’ve really got to scale back. It’s hard to remain logical when you’re withstanding both price volatility, and investment risk that could knock you out financially. The money game is tough, the best way to get better at it, is to risk the appropriate amount of cash where you know you can remain logical. If you’ve risked too much, you become more emotional, and as a result your behavior becomes more irrational thus resulting in future losses. This goes back to the exercise of what you’re going to do, versus the idealized projection of your future self. Remember, humans live inside of their skulls. We get trapped into this idealized notion of what tomorrow could become, as we play the “what if scenarios.” Some would call this daydreaming and as a result, we imagine that we’ll perform at this heightened level when in reality a different set of events, and triggered scenarios reduces the scope of investment gains. You end up realizing that you play at a much lower level, but you waited until you lost a lot of money to figure this out. It’s like the comparative example of a professional athlete versus the high school ball player. Yeah, there are many who dream of making it into a professional sports league, but that doesn’t mean they’re playing at the level needed to get there in the immediate present, so to win games they’ve got to limit their strategies and techniques to the degree of their competencies. You’ve got to approach crypto investing the same way. Take a realistic inventory of past behavior, and look to improve modestly, while navigating around self-destructive tendencies, you’ll thank me later. If you want to learn more via video courses with my help, and the help of crypto millionaires, bitcoin foundation founders, and various other crypto pioneers who are at the forefront of news, information, and methodologies you’ve got to join the Bitcoin Crypto Mastermind program. We also provide live events, one-on-one consulting, and private communities where knowledgeable experts, and experienced traders interact with each other, share ideas, and keep a level of inclusion that can be found nowhere else. The program will remain open for a select period, so enroll as soon as possible.