The current state of the cryptocurrency market summarizes the following rules:
1. The long-term win rate in the cryptocurrency market is far lower than that of casinos.
In the short term, there are gains and losses within a few months, but more than 90% of people lose money after one year, and 99% lose money after five years. Therefore, the best gambling strategy in the cryptocurrency market is to take profits and leave, but no one can do that; people usually leave after cutting losses.
2. People who join many groups lose money faster than those who join fewer groups. Joining many groups only leads you to fall into greed and fear while trading cryptocurrencies, resulting in a herd mentality.
Members in discussion groups tend to dislike differing opinions, so you cannot speak freely in the group and can only align with the group's wishes. Therefore, many groups lack truly meaningful information.
3. The influential figures you follow may have a high accuracy rate, but you still do not make money because you follow too many influencers, which confuses your mind.
4. Some influencers can achieve a spiral rise based on their win rate, which you cannot do because you care about your own money, while their key to winning is to only use a portion of their funds to operate, resulting in less psychological pressure; they are not concerned and can withstand unrealized losses until they can close their positions for profit.
The biggest difference is whether you can endure losses, not whether your analysis is correct.
Many times, you may have analyzed correctly, but you entered the market incorrectly, and when faced with a loss, you cut your position due to fear.
Therefore, you need to enhance your ability to make money outside the market as a backup; this way, you will have the confidence to hold your positions.
Losing money is not about whether you understand the market, but rather about how much external capital you have, the proportion of entry funds, and your psychological endurance.
In summary: Making money in the cryptocurrency market relies on information asymmetry (which you do not possess), sustained earnings from outside sources (you delude yourself into thinking you can rely solely on your savings), the ability to hold positions (you always fear losing all your funds), understanding large cycles (you always focus on short-term fluctuations), and not joining discussion groups (you always want to see what others are doing, which leads to impulsive emotional trading and becoming a latecomer in the herd).
However, you are doing the opposite, and I dare not remind you in the public square; I can only continuously warn about risks in the community because, relatively speaking, those who can accept certain thresholds need to be more rational.
The true trend always moves in the opposite direction of the collective emotions of retail investors, and those who remind others in discussion groups tend to offend the majority.