🔥 Cryptocurrency Scam Alert!! !
These 4 fatal pitfalls are draining your capital, and 90% of people step on landmines in the first step…
Ladies! The cryptocurrency world is too deep, but those who have stepped into these traps have grass three feet high on their graves… A blood and tears summary of 4 deadly pitfalls, at least you can protect your capital after reading!!
💥【Pitfall 1: Borrowing Money to Enter = Suicide Mentality】
Don’t use mortgage loans/credit cards/online loans to trade cryptocurrencies!!
I tried mortgaging my property to gamble, staring at the K-line with a heart rate of 200, panicking and trembling when it dropped 1%, and finally didn’t judge the market correctly, still owing the bank hundreds of thousands…
Pressure capital will force you to become a gambling addict: winning makes you want to recover losses, losing makes you want to break even, and the end result is only liquidation🔥
📈【Pitfall 2: Frequent Trading = Working for the Exchange】
- Newbies: Chasing prices in a bull market like buying groceries, trading 8 times a day, enough in fees to buy 2 cups of milk tea…
- Veterans: Obsessed with 15-minute charts, staring at the screen until your eyes go blind, yet missing the big trend of BTC rising from 30,000 to 100,000!
Short-term trading ≠ getting rich, frequent operations will only leave you in a “volatility loss cycle” being sheared to the bone…
🚦【Pitfall 3: No Stop Loss = Driving Without Brakes】
I’ve seen too many people:
“Just wait a bit for a rebound” → Floating loss of 10% → 20% → Liquidation!
When BTC drops by 5%, without stop loss you say: “Just hold on” → Drops 10%: “Run when it rebounds” → In the end, there was no opportunity to cut losses…
Setting a stop loss is a life-saving symbol! Set it well and don’t change it, otherwise it will really go to zero💔
💸【Pitfall 4: Running Out of Ammo = Missing Reversal】
The cryptocurrency world always has surprises (and scares), but if you gamble all your money, even if you predict a bull market correctly, you can only watch others make money!
Keep 30% of your capital to buy the dip during a crash, and add positions during a rally… Living gives you a chance to turn things around!
Finally, let me say something heart-wrenching:
Trading cryptocurrencies is not a technical battle, it’s a “human nature game”! Don’t bet your entire fortune, or you’ll cry until there are no tears left…
How many pitfalls have you fallen into? Confess in the comments! Let me see who is dancing on the edge of liquidation👀
