From the example of James Wynn and many similar cases, the risks involved here far exceed what many people can imagine.
First, let's talk about market predictions. In the cryptocurrency market, short-term prices are like a roller coaster, making them impossible to predict accurately. Those so-called expert predictions are often just wild guesses; if you bet all your investments on them, it's like joking with your own money. We need to keep our focus long-term, look at the macroeconomic environment, understand how far blockchain technology has actually developed, and then see which phase the market is currently in, so we can feel more secure.
Next, let's discuss high leverage. Many people think that high leverage can help them make quick profits, but in reality, it's a big trap. Once the market moves contrary to expectations, high leverage can amplify risks infinitely, and you might lose your principal in an instant. For most ordinary investors, it's better to honestly allocate assets, manage risks well, and achieve capital appreciation step by step, rather than always dreaming of becoming rich overnight through high leverage, which is basically impossible.
There's also risk management, which is really important. In the cryptocurrency market, success stories are always widely publicized, but those failure cases rarely get attention.
However, failure is the norm in this market. Before entering this market, we must first clarify how much risk we can bear, set stop-loss points, and strictly adhere to them. Only in this way can we "live" longer in the market.
Follow me by clicking on the avatar to receive firsthand information and in-depth analysis.