Habits of crypto investor – The 7 habits

October 2022

Excerpts from CareYourPresent – a crypto enthusiast

The 7 habits of highly effective crypto investor!

In this article, I will share the 7 effective habits of crypto investor. In order to be a good and skilled crypto investor, there are 7 habits which we can follow:

Habits of crypto investor

The 7 Habits of highly effective people!

I believe many people has read and learn this book from their school, corporate life etc.

7 habits

For those unfamiliar with this book, these are the 7 habits!

  • Be proactive. Take responsibility for your own life. Take the initiative and don’t simply accept what you’re given.
  • Begin with the end in mind. Have a plan for your life. Know where you want to go — and why.
  • Put first things first. Sort out your priorities (which is much easier to do when you have an end in mind). Focus your attention on the things that are urgent and important. Covey’s “big rocks” metaphor comes from this section.
  • Think win-win. When possible, seek mutually beneficial solutions to problems. Don’t be adversarial. Help others achieve their aims as you achieve yours.
  • Seek first to undertand, then to be understood. Don’t be in a rush to be right. Listen to what others are saying. Empathy.
  • Synergize. Find ways to work with others in order to achieve mutual aims and accomplish things that you couldn’t do alone.
  • Sharpen the saw. Make time for personal renewal. Keep your lifestyle balanced. Pursue self-improvement.

Let us do the CRYPTO version – The 7 highly effective habits of  crypto investor!

  • Be proactive. Take responsibility for your own Crypto. Understand that are Crypto Wallets and secure your coins with ledger (see Guide – Managing your Crypto Wallets). In the next worse scenario, put some in “trusted” CEX for trading.
  • Begin with the end in mind. Have a plan for Crypto. Know what is your objective. Earn passive coins through staking? HODL? Trading and sell when 10x? Just do index investing? Or simply just learn the basic of Cryptocurrency first as a newbie? OR just try out NFT only because you heard of JPEGS or for fun?
  • Put first things first. Sort out your priorities of Crypto investing (which is much easier to do when you have an end in mind). Learn to do risk management. Focus your attention on the coins that are urgent and important. For some of many of us, it will be the “blue chips”, ETH BTC. For some, it will be small-cap coins with potential to 100x etc. Plan and think what you can do in bear market.
  • Think win-win. When possible, seek mutually beneficial solutions to Crypto problems. Don’t be adversarial. Help others achieve their aims as you achieve yours. Learn from one another in Crypto – be it blog or twitter or even your friends. Share knowledge and earn together!
  • Seek first to undertand, then to be understood. Don’t be in a rush to be right. Listen to what others are saying. Most people are blinded by own research, background knowledge and only believe in oneself. Listen to others.If you listen, you might avoid the recent tragedy of UST/LUNA (example, you listen to Algod) or Wonderland.
  • Synergize. Find ways to work with others in order to achieve mutual aims and accomplish things that you couldn’t do alone. Crypto is decentralized (hopefully in future it will be even more). Learn and build web 3.0 with other people! Create! The potential is unlimited! (See the List of Crypto Sites that I have complied).
  • Sharpen the saw. Make time for personal research. Spend time to read and learn. Don’t limit yourself to what you know. Please find what you don’t know and what you wish to find out. Learn from others and keep open mind – It can be Metaphysics or anything! Crypto is 24 hours.

Hence, meanwhile, please keep your lifestyle balanced – exercise,  CareYourPresent, don’t stare at the up/down of the prices daily.

Hope this will be useful to you!

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