投资思维
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Investment Mindset Pitfalls
It's the weekend again, have a great weekend!
Today we won't talk about K-lines or technicals; let's discuss those investment mindsets that lead you to lose money repeatedly in the crypto world. Too many people lose without understanding why, often the root cause isn't the technology but rather the mindset traps, which not only consume your principal but more importantly, undermine your confidence.
Chasing highs and selling lows, mistakenly treating the market as a casino
Seeing a surge gets you excited, fearing you might miss the wealth train? As a result, you enter at a bad time, panic-sell when it drops, perfectly practicing 'buy high, sell low.' Therefore, you must learn to control your emotions; the market specializes in treating various forms of disobedience. The more emotional you are, the happier the market makers are.
Today we won't talk about K-lines or technicals; let's discuss those investment mindsets that lead you to lose money repeatedly in the crypto world. Too many people lose without understanding why, often the root cause isn't the technology but rather the mindset traps, which not only consume your principal but more importantly, undermine your confidence.
Chasing highs and selling lows, mistakenly treating the market as a casino
Seeing a surge gets you excited, fearing you might miss the wealth train? As a result, you enter at a bad time, panic-sell when it drops, perfectly practicing 'buy high, sell low.' Therefore, you must learn to control your emotions; the market specializes in treating various forms of disobedience. The more emotional you are, the happier the market makers are.
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Price = Cost?
In the cryptocurrency world, you often hear that the cost for the market maker is X dollars, it can't drop further, the project's cost is X dollars, they will definitely pump and support the price, the miner's shutdown price is X dollars, a solid bottom, etc. But if you really believe these, you are not far from being harvested!
Price is never determined by cost; cost is just a psychological comfort. Miners need electricity costs, computing power requires equipment, and project parties need costs to issue tokens... These are indeed real money spent, but the formation of market prices depends solely on the willingness of buyers and sellers.
Simply put, if someone is willing to sell for 10,000 and someone is willing to buy for 10,000, the price is 10,000, even if the miner's cost is 30,000, as long as no one is willing to take over, the price can still drop to 1,000.
Price is never determined by cost; cost is just a psychological comfort. Miners need electricity costs, computing power requires equipment, and project parties need costs to issue tokens... These are indeed real money spent, but the formation of market prices depends solely on the willingness of buyers and sellers.
Simply put, if someone is willing to sell for 10,000 and someone is willing to buy for 10,000, the price is 10,000, even if the miner's cost is 30,000, as long as no one is willing to take over, the price can still drop to 1,000.
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$BTC $ETH
How to make your wealth grow bigger like a snowball? Choose a good target, conduct research and wait, then invest, and the wealth snowball can start rolling.
As for how big it can roll, it ultimately depends on the person rolling the snowball, after all, in the process of rolling the snowball, there are bound to be various unexpected events and risks. Managing risks well is the key to making the snowball grow bigger and bigger.
"Earning big money is forbidden by contract; the result of the contract is to return everything intact" #加密市场回调 #投资思维
How to make your wealth grow bigger like a snowball? Choose a good target, conduct research and wait, then invest, and the wealth snowball can start rolling.
As for how big it can roll, it ultimately depends on the person rolling the snowball, after all, in the process of rolling the snowball, there are bound to be various unexpected events and risks. Managing risks well is the key to making the snowball grow bigger and bigger.
"Earning big money is forbidden by contract; the result of the contract is to return everything intact" #加密市场回调 #投资思维
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