[English] Four Questions ~ Investment in Cryptocurrency / Warren Buffett Style1

Someone wrote something a little interesting about how to think and act to apply Warren Buffett's style to cryptocurrency investing, so I translated it into English.

Four Questions – Investing in Cryptocurrencies / Warren Buffett Style 1

It is well known that Warren Buffett is not favorable toward cryptocurrency. It is also widely known that the cryptocurrency investment market is filled with Millennials who are trying to build wealth.

However, by adopting some rules I learned through Buffett research, I was able to achieve a 5,982% profit in just one year in the cryptocurrency market. How should you adjust your investment approach to achieve similar profits?

In popular cryptocurrency exchanges, there is always a “typical Millennial” who sits in Trollbox (chat) and day-trades cryptocurrencies. But who can blame them?

In the world of cryptocurrencies, there are countless success stories of poor people rising to wealth. There are so many such stories that lottery fans might be drawn to speculative cryptocurrency investments. Unfortunately, most participants in the cryptocurrency money game will simply taste disappointment.

The money game in the cryptocurrency market is as impossible and reckless as in the stock market. The Dow Jones average price movements have historically stayed around 10–15% on average, while cryptocurrencies often swing 20–50%. For many people, day trading is reckless. However, I believe that by following two investment rules of legendary investor Warren Buffett, you can build a large fortune.