Don't underestimate time + compound interest: My 10 iron rules for building a wealth snowball in the crypto world.

The veteran investor shares the ten rules he has learned from his investment career. This article is from an article by DUO NINE and was compiled, compiled and contributed by PANews. (Synopsis: Do you really understand?) Binance Top Trader Shares Investment Philosophy Behind $8.5 Million Profit) (Background added: Investment boom or bubble? What else is the AI + Web3 track worth? Lock in hard assets, upgrade yourself, and prevent traps. Wealth comes in different forms, but there is always a common golden thread. No matter what kind of wealth, there is a silver lining through it: time. If you manage it with care, it will grow and generate compound interest. In the crypto space, it is also necessary to pay attention to keeping it from losing money, which I will mention at the end. The following 10 pieces of advice are based entirely on my personal experience. Absolutely real, no moisture. 1. Invest in hard assets early The first time I bought gold, the price was around $1600. Today, that price has more than doubled. When I first bought Bitcoin, the unit price was about $700. And now the price has exceeded $100,000. These are hard assets: they cannot be diluted and cannot be issued out of thin air. They are scarce, highly demanded, and difficult to replicate. Working or getting a salary can never create wealth in the same way that investing in hard assets. Both gold and Bitcoin fall into the category of hard assets. In any case, start investing your spare money in hard assets. This also includes buying real estate in index funds such as the S&P 500 or prime locations that are always in high demand. Then let time do its job, and in 5, 10, 20 years, you'll be pleasantly surprised! If you never invest in hard assets, it's almost impossible to become rich and accumulate wealth. When you look at the long term for decades, even investing $1,000 today will make a huge difference. Don't delay, plan and act early. 2. Do something to grow This applies to any field, and I've explored similar ideas before. Look at your current skills and passions and imagine 100,000 people seeing what you produce. Even if only 1% of people recognize your value, that means you have 1,000 potential customers, fans, subscribers, or supporters. Be bold. If you don't take the first step, you'll never know the outcome, and it can often be a surprise. Few people dare to do this, but those who dare to try always get something in return. Although it will take time to settle, one day you will have a breakthrough. I started with zero fans and no community roots. So I started working hard. Stick to your daily output, give it your all, and people will see your light. Once you earn your first dollar online, or any income from starting a business, the door to success is completely open The beginning is the hardest node, but few people put it into practice. 3. You can never be richer than your true self Your level of wealth today reflects the level of personal development you are currently reaching. Therefore, if an average person suddenly wins $1 million on a lottery, he will almost always squander the money within a year. The reason is that his personal qualities are far from the ability required to manage the money. Stop expecting others to act for you. If you don't invest in yourself, no one will invest for you. Nowadays, knowledge is very open, as long as you have access to the Internet, you can dabble in any field. Thanks to AI, you can also have a dedicated tutor to guide you at any time, provided you take the time. No excuses are needed. Improve your skills with practice (see point 2). Even if your abilities are limited now, continued practice will eventually lead to progress. Acting first, time will witness the transformation, which sounds like investing in Bitcoin. 4. Overestimate yourself appropriately Maintaining a positive feedback loop is essential. When you value yourself slightly higher than your current skill level, you keep improving. Even if you don't achieve anything today, you must firmly believe that you deserve more and will achieve something. Changing this mindset can have a big impact on your future self. What you do today will make you tomorrow. 5. Money is not omnipotent Gold or Bitcoin can be bought. However, you can't go to Amazon to buy a home or find a place to call home. These forms of wealth can neither be measured in money nor sold anywhere. In the pursuit of material wealth, don't forget the things that really matter. Not building a family or nurturing meaningful relationships can be costly in the future, and depression, midlife crisis, or identity crisis can all follow, which is just as important as holding Bitcoin. Material possessions are often meaningless if they are not shared. At the end of the day, humans value experiences, and more wealth leads to more experiences. However, some of the most profound experiences are actually almost free. 6. Surviving the Odds If you're afraid to buy Bitcoin, that's probably a good sign that you should buy it. Fear often prevents you from trying new things. But if you want to improve your personal development (see point 3), exposure to new things is crucial. These experiences can be painful, pleasant, or tasteless. If you stop labeling them and see them as new experiences of personal growth, you can quickly move on to the next stage. As you go through this cycle again and again, success and failure will meet repeatedly. The difference is that if you put excess energy into hard assets, each fall is higher and the climb is faster. Success will come sooner and the harvest will be more fruitful. 7. Learn to reset yourself People were born here, never left for decades, and the environment never changed. That's fine, but you have to be careful not to let your circumstances limit your personal growth. If you have the mindset described in point 4 (i.e., a greater emphasis on self-worth), you will be keenly aware of this. As you continue to grow as an individual (see point 3), the things that bind you will naturally appear. At this point you must make a decision, and this decision may trigger the psychological response (fear) described in point 6. Push the limits or give up the U-turn? This may be your breakthrough to wealth. 8. Don't fall into the traps of reducing wealth The typical example of cryptocurrencies is altcoins. There is only one hard asset in the entire cryptocurrency circle, but it is full of thousands of traps. Whenever you spend money on altcoins, the opportunity cost is not being able to buy Bitcoin. This simple decision can cost your wealth a lot in 5 to 10 years. The same applies if you choose to buy a car instead of investing it with that money, and any spending comes at the expense of investment opportunities. Please take a rational view of consumption and investment, and be wary of expanding lifestyles. If the income is not invested, correct the problem immediately. When you have a certain amount of wealth, disclose less, don't show off, don't post a circle of friends. Because that will attract people with ulterior motives. These people may also include some relatives and friends who are ready to sell you "investment" projects. 9. Never sell your hard assets One of the big taboos of cryptocurrency investing is to exchange Bitcoin for altcoins. Anyone who does this, as long as they wait long enough, will eventually pay the price in blood. Although altcoins occasionally outperform Bitcoin on cycles ranging from six months to a year, this has never happened if you look further afield, measured over a span of several years. The second problem with selling hard assets is that there is no better buying option. If you sell Bitcoin and buy gold instead, you're still holding hard assets, but with a different risk-return profile. Whatever you do, be...