#NORMIES ordinary people continuously ranked in the top three of wallet hot lists, more and more ordinary people are joining, and the awakening of ordinary people is reflected in the following aspects:
Awakening of Risk Awareness
- Recognizing the high-risk nature of the cryptocurrency market and no longer blindly believing in the myth of becoming rich overnight. For example, seeing many people around them suffer huge losses from investing in digital currencies, or having personally experienced significant decreases in assets, understanding that the volatility in the cryptocurrency market is immense, with fluctuations exceeding 50% in 24 hours being the norm, and that any investment could become worthless.
- Realizing the risks of leverage and contract trading. No longer casually using high leverage, understanding that opening high-leverage contracts is like playing Russian roulette with the world's top quantitative teams; a slight misstep could lead to total loss.
Awakening of Investment Philosophy
- Understanding the importance of choosing mainstream, valuable digital currencies for investment, rather than blindly following trends and participating in various meme coins and air coins speculation. Starting to pay attention to the fundamentals of projects, such as team background, technical strength, application scenarios, etc.
- Embracing the concept of long-term investment, understanding that wealth is accumulated slowly, rather than relying on short-term speculation. No longer being swayed by short-term price fluctuations, but focusing on long-term value growth.
Awakening of Information Judgment
- No longer easily believing in the recommendations of various KOLs and the 'insider information' in communities, realizing that this information may be misleading or manipulated. Learning to think independently, collecting information through multiple channels, and conducting analysis and judgment.
- Understanding that algorithmic recommendations and community management may create information silos, leading to homogenized information. Actively breaking through information limitations, paying attention to different viewpoints and voices, and avoiding being trapped in a self-reinforcing cognitive cage.
Awakening of Behavioral Discipline
- Strictly controlling investment amounts, only using disposable income for investments, ensuring that even in the event of investment failure, it will not significantly impact one's life. At the same time, making good asset allocation and not putting all eggs in one basket.
- Overcoming emotions such as greed and fear, and not blindly chasing highs or selling lows. Staying calm during market euphoria, not being swayed by FOMO; not panic selling during market downturns, but making rational decisions based on one's investment strategy and risk tolerance.