What newcomers need to pay attention to
The most important thing to pay attention to is your impulsive emotions. Don't be impulsive, don't be FOMO. This is the root of your eternal doom in the cryptocurrency circle.
You must have entered the cryptocurrency circle because you saw people around you making money, or saw news about getting rich somewhere. Only then did you notice this small circle.
Just like when the lottery market has no turnover, news will immediately break out about who won tens of millions or hundreds of millions of jackpots.
The same is true in the cryptocurrency circle. But the news in the cryptocurrency circle is much more real than the news in the lottery, right?
As our minds grow, as long as people with a junior high school education have learned a little about probability knowledge, they will never buy lottery tickets.
This is a rational expression of believing in truth.
When you enter the cryptocurrency circle, you must also believe in truth, no matter who tells you how much money you have made or how easy it is to make money.
The probability of making money in the cryptocurrency circle is 10%. The probability of making a lot of money is 20% of the 10%.
Because there are too many people who don't understand, it is the people who don't understand who make money from the people who understand.
There are many people who don't understand, and very few people who understand. This is the fundamental reason why the wealth transfer in this circle is so rapid.
Because there is no competition on this road for the time being, many smart people and people who understand it have not rushed in.
Just like when you were working in e-commerce, you could sell it as long as you put it on the shelf. Now it is all about brand owners.
In the 2021 wave of the cryptocurrency circle, many institutions rushed in. Later, more and more institutions will rush in.
Why didn't institutions rush in before? Because they didn't look down on it at all, because in their opinion, this market plate is too small.
But now it's different. The market value of BTC has reached 2 trillion US dollars. It's not just a small market. This plate can already eat the money of institutions.
This is how things develop. If you want to develop in the cryptocurrency circle, you must not be emotional or impulsive. Don't listen to what others say. Even if you want to buy BTC, you have to read the white paper. Can you read it yourself and understand its vision?
Of course, if you find someone you trust, you can actually follow blindly. This kind of blind obedience is not to believe in a single person, but to find the result of market choice. Whatever the market chooses is the best, you buy the best.
The assets you buy must be strictly managed. Don't borrow money to buy coins, regardless of whether you think this coin will increase 10 times tomorrow.
Many people just want to borrow 100,000 yuan and pay it back when it rises 10 times.
But man proposes, God disposes. You never know when it will rise. When you decide to buy a little, it is likely to fall.
If it falls by 50% directly, can you accept it? Will it affect your mood and cause your work to be affected?
In the currency circle, you must know that life is the most important thing, and family is the most important thing. You should spend some money on your family when you make money.
Don't open your phone all day long to check it. Whether you look at it or not, the currency is like this. Let's say a joke: if you don't look at it, you are in a state of seemingly losing or not. Once you observe it, it shrinks and becomes a real loss.
So in the currency circle, you must ensure that your emotions are stable, and then ensure that your money is free of cost. Ensure that your family is stable to support you.
Another point is to pay attention to the money-making cycle. Don't rush in when the bull market is booming and you hear someone is getting rich.
If you are really brave, rush in during this bear market. It is right to rush in when everyone is losing money now.
Don't care whether it will fall later, just rush in now and accept the baptism of the bear market in advance.
Only if you have truly experienced a 50% drop. Even 70%. You deserve the 10 times or 100 times later.
Otherwise, even if someone tells you, or you are firmly optimistic about a coin.
Maybe you will sell it as soon as it recovers, or you will sell it when you earn 50%. There are so many tragedies in the currency circle.
So in order for you to become a person worthy of wealth, you must first experience the cruelty of this bear market.
See if you can withstand it. Don't listen to others, feel it yourself.
Buy 1 million and turn it into 500,000, feel what it feels like. Will your emotions collapse?
If not, don't be impulsive.
If you really just want to make a fortune by luck.
Then others will use their strength to smooth your luck.
After all, the world of gaming is quite cruel.
As your guide in the currency circle, I will continue to provide you with in-depth analysis and practical suggestions. Only be a free blogger, just to grow with you. Let us explore the cryptocurrency world together and find your own path to wealth!Follow me and you will no longer be lost in the cryptocurrency world
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