Hi everyone!

Welcome to the TRY ANGLES weekly review where my job is to share with you new readings, methods and tools that I have found and tested.

Following the previous episode, I have continued with my obsession over crypto-currency, and improved the Airtable tool I have been designing over the past few weeks.

The two main goals left were:

Three reasons why you should not follow my crypto investment advice

⧐ I am a newbie 🐥⧐ Crypto is not my main activity 🥳⧐ My investment strategy is boring 🥱

A newbie getting excited with new toy

Crypto has hooked me, because I enjoy new stuff.

Having a sense of consistent learning gets me going for hours and hours without stopping. Everything you read, hear and try is new and exciting material.

Crypto has a similar effect on me than gaming or sport. You are always looking to improve, to get better and to win more. It triggers this obsession of finding the solution whenever you are stuck.

However, with the amount of information, the number of new projects and resources out there: 24h are surely not enough in a day to keep up.

Even worse, excitement is dangerous for any investment strategy. Your brain has many biases that you will need to fight:

  1. Fear of missing out (FOMO)When crypto is in bull run and goes through the roof, you want to buy soooooo badly. Truth is, you are already a lagger, and if you buy now: you lose.This has happened to me. Newbie check ✅.
  2. Risk aversionCrypto is known to have huge swings. Going up and going down rapidly. Your nerves are going to get drenched over those periods, asking yourself should I sell now? Or will it be too late?You have only so many decisions you can take in one day, trust me those are not the ones you want to focus on.

Fighting your brain is impossible. How could you? Your brain has been encrypted with automated reactions for thousands of years. You are not going to beat that overnight. Nevertheless, there is a hope: automation.

The path to automation

Automating investments has been important to me in order to avoid being overwhelmed with crypto, up to a level where my brain would explode.

But, how can I invest automatically on the crypto market without having to think about it?