Four typical groups of people who are prone to losing money in the cryptocurrency circle!

First, complete novices: they may "capture" a doubling coin due to accidental factors, but often due to lack of experience and strategy, they will eventually lose it back by strength. Common mistakes made by novices include heavy warehouses, blindly chasing ups and downs, knowing nothing about position management and stop-profit and stop-loss, always operating with full warehouses, and being emotional but lacking rationality. For this type of novice, it is recommended to be cautious in entering the cryptocurrency circle, watch more and do less, and avoid unnecessary losses.

Second, small capital investors: for example, they only have a few thousand U on hand, but dream of making millions. Although there are indeed cases of small-scale venture capital in the cryptocurrency circle, most successful cases are concentrated in the primary market and contract trading. If small capital investors choose the wrong investment direction, it is difficult to achieve a leap in wealth. Although there are opportunities in the secondary market, it is usually difficult to provide a hundredfold return. Although the primary market and contract trading have great potential, the risks are also extremely high, and there are very few investors who can successfully get out of these two fields. Therefore, small capital investors should act more cautiously and watch more and do less.

Third, the "giant baby" in the currency circle: this type of investor lacks independent analysis and decision-making capabilities, just like a child who needs to be fed by others, lacking a good mentality and patience. They often turn a blind eye to money-making opportunities, but are obsessed with losses, and it is difficult for them to gain a foothold in the currency circle for a long time. Mentality determines everything, and investors who lack a good mentality are destined to find it difficult to succeed in the currency circle.

Fourth, stubborn people: They stick to altcoins and never get involved in mainstream currencies such as Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). This type of investor has extremely poor risk resistance. They are often attracted by the high increase in altcoins, but ignore their high risk. Once the market fluctuates, altcoins may depreciate rapidly and even face the risk of being delisted from the exchange. In contrast, mainstream currencies such as Bitcoin have a slower increase, but are relatively stable and more suitable for long-term holding. In the currency circle, steady investment is the king, and slow is fast.

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