Thirty wealth-creating experiences in the crypto space! Absolutely no one tells you this.
Avoid walking ten years of detours, and earn millions of wealth!
Each point is classic and worth reading repeatedly.
Investing in the crypto space has many pathways.
But not all strategies can lead you to success,
Some may even trap you.
If you encounter the following thirty situations in the crypto space,
Be careful!
01. Blindly risky investment behavior
Some investors,
are solely pursuing high-risk, high-reward,
reinvesting freshly gained profits into unknown areas,
like gamblers;
Completely ignoring their own situation,
and not considering risk control.
Thinking they can get rich overnight,
but not realizing this is just a fantasy.
Not understanding how to store funds reasonably,
such as choosing BTC, ETH, or stablecoins.
02. Deeply trapped in MLM projects
There are some seemingly tempting MLM projects in the crypto space,
leading people to believe they can get rich quickly.
But remember,
It is crucial to take profits in time.
Just like some cases,
Initially making a lot of money,
but ultimately losing everything.
03. Believing in high returns from locked positions
Some projects claim that locking funds can yield high returns,
but in reality, it is a trap.
This is tantamount to putting yourself in danger,
because that is just a means for the project side to harvest,
using your money for their profit.
04. Wasting energy and time
Investors' attention and time are extremely valuable,
Do not waste them on meaningless matters.
Should continuously learn and build networks,
rather than indulging in entertainment.
05. Believing in bragging projects
Some projects boast excessively,
seemingly flawless,
but in reality, they hide risks.
Those truly capable often act low-key,
while those who rely on bragging usually achieve little.
06. Lack of independent thinking
In the face of various information sources,
Have a skeptical spirit and the ability to think independently.
Understand the purpose behind the news.
Do not follow blindly.
07. Ignoring new market trends
When new market narratives emerge,
Follow market leaders closely,
Do not stick to the rules,
Dare to be a pioneer of trends.
08. Misuse of tools
Having more tools is not always better,
What suits you is the most important.
A few commonly used ones like Etherscan are sufficient.
09. Not understanding the hierarchy in the crypto space
There are obvious hierarchical differences in the crypto space,
Resources determine your position.
Participating when rumors are rampant is often too late.
10. Wrong ways to acquire wealth
To gain substantial returns in the crypto space,
Either acquire insider information,
or do what others are unwilling to do.
At the same time, pay attention to the information from media and relevant platforms.
11. Ignoring historical experience
History is always similar,
but cannot be mechanically copied.
Be good at analyzing and summarizing experiences.
12. Blinded entry without clear positioning
Investors should clarify their positioning as early as possible.
Avoid blindly following trends.
Be good at planning in advance.
13. Irrationally measuring gains and losses
Use percentages to measure gains and losses,
Stay calm and rational.
14. Not valuing stop-loss
Be sure to set stop-loss before investing,
Do not lose big due to small losses,
Especially in contract trading.
15. Not focusing on recording and summarizing
It is crucial to develop the habit of recording and summarizing.
Review the trading process,
Avoid always being a novice.
16. Overestimating the impact of a bull market
Do not be blind in a bull market.
See through the essence of the industry.
Do not be deceived by surface prosperity.
17. Choosing the wrong incentive projects
Appropriate incentives can drive prices up,
but choose the right projects and teams,
to ensure high returns.
18. Blindly idolizing others
In the crypto space,
Even smart institutions can make mistakes.
Trust your own judgment.
19. Wrong investment concepts
There is no absolute right or wrong in investing.
The key is to maximize profits and minimize losses.
20. Dispersing energy and not focusing
Focus on one or a few fields,
Do them well and strengthen them,
Do not try to do everything.
21. Incorrect focus on macro
Do not overly focus on the macro,
The focus should be on monitoring capital flow,
and doing layout analysis.
22. Trading when in poor condition
Do not invest when emotions or physical state are poor,
Maintain a good mindset.
23. Misunderstanding stablecoins
Stablecoins are not absolutely stable.
Funds should be allocated reasonably.
Part can be converted to fiat and deposited in banks.
24. Blindly concentrating investments
Before concentrating investments, do thorough research,
Otherwise, the risks are enormous.
25. No investment system
Establish and strictly implement your own investment system,
Avoid emotional decision-making.
26. Fantasizing about extremely high returns
Making money through trading to multiply funds hundreds of times is unrealistic,
You should steadily increase cash flow,
Plan and execute reasonably.
27. Following trends without understanding
New projects in the crypto space may be attractive,
but they must be judged rationally,
Do not blindly chase new things.
28. Limited learning scope
Do not limit yourself to knowledge in the crypto field,
Knowledge related to game theory is also helpful.
29. Not choosing quality projects
Good projects must have basic and rising elements,
Consider comprehensively before making a decision.
30. Ignoring unknown risks
There are many unknown factors in the crypto space,
Be cautious in choosing projects and founders.
Investing in the crypto space,
Continuously learn and summarize.
Stay clear-headed and rational,
to achieve success.
Strong recovery, doubling assets! Follow nostalgia, plan ahead, and easily reap great returns.
Keep an eye on: NEWT T