Let you see through the top ten truths of the crypto world.
Everyone often says: 'A day in the crypto world is like ten years in the human world. Working for ten years ends up empty, but a year in the crypto world can make you a millionaire!'
But is that really the case?
Indeed, there are more opportunities for getting rich in the crypto world compared to traditional industries, but the hidden risks are equally massive! Many people act on hearsay,
Or seeing friends around you making money, you blindly follow suit and go all in. However, the low threshold for participation makes more people hold onto the idea of 'getting rich overnight'.
The illusion of getting rich, but ignoring the importance of risk and cognition.
As a seasoned player who has been fighting in the crypto world for many years, I have summarized (the top ten truths of the crypto world) and hope to help everyone recognize reality and avoid detours.
Path, rational participation.
Truth 1: You might think a certain altcoin is likely to increase 100 times, but the reality is that 99.99% of altcoins will ultimately go to zero.
Insight: Do proper investment research and choose projects with value and ecological support; do not blindly chase hype.
Truth 2: When a project is heavily promoted as a 'money-making opportunity', it is likely that the market makers are ready to offload.
Insight: Learn to think in reverse, do not be influenced by market emotions, take profits in time, and avoid becoming a bag holder.
Truth 3: When retail investors are generally panicking and feel that the market is about to crash, it is often a signal that a bull market is about to begin.
Insight: The market's panic sentiment is a means for market makers to absorb at low prices; learn to identify bottom opportunities.
Truth 4: When you become increasingly confident in a coin's rise and are ready to go all in, it is often the market makers who are closing their positions and selling off.
Insight: Stay rational, do not blindly go all in, and learn to buy in batches and take profits.
Truth 5: You might think the winning rate of contracts is 50%, but in fact, less than 10% can really make money.
Insight: Contract trading requires high levels of position management, mindset management, and execution ability; do not be greedy and blindly leverage.
Truth 6: Most people see the market makers as enemies, but true experts learn to dance with the market makers and follow their steps.
Insight: Being on the right team is more important than individual effort; going with the trend can yield greater profits.
Truth 7: Many people think making money in the crypto world is easy, but less than 10% can actually make money.
Insight: The crypto world also follows the 80/20 rule, or even the 90/10 rule. Respect the market, align knowledge with action, and you can remain undefeated.
Truth 8: Do not underestimate KOLs (Key Opinion Leaders); the professional knowledge and market analysis they provide can help you avoid detours.
Insight: In the era of paid knowledge, be clear if you have received equivalent value. Ability always precedes making money.
Truth 9: The rise in coin prices, aside from ecological landing and value support, is more importantly driven by market 'consensus' and 'greed'.
Insight: The supply and demand relationship determines price; market beliefs and emotions have a huge impact on coin prices.
Truth 10: To get rich in the crypto world, you need to possess the following points:
1. Luck -
- Find truly promising targets;
2. Cognition -
- Be able to hold onto coins and not be scared away by market fluctuations;
3. Take profit -
- Understand to take profits and not be greedy;
4. Long-termism - Persist in long-term regular investments, do not chase short-term profits;
5. Cash flow - Continuously earning income and steadily investing in the market.
Insight: Making money in the crypto world is not easy; besides seizing opportunities, you also need luck, patience, and the right execution ability.
Summary
The top ten truths may be a bit heart-wrenching, but they are the valuable experiences I have summarized over the years in the crypto world! I hope they can help.
Everyone should recognize the market and pay less 'tuition'.
Remember:
· Principal first, risk second, profit third!
· Respect the market, maintain a good mindset, learning ability, and execution ability; self-discipline is the key to success!
Accept gains calmly, accept losses lightly, strive for the inevitable, and let it flow naturally!
Truth 7: Many people think making money in the crypto world is easy, but less than 10% can actually make money.
Insight: The crypto world also follows the 80/20 rule, or even the 90/10 rule. Respect the market, align knowledge with action, and you can remain undefeated.
Truth 8: Do not underestimate KOLs (Key Opinion Leaders); the professional knowledge and market analysis they provide can help you avoid detours.
Insight: In the era of paid knowledge, be clear if you have received equivalent value. Ability always precedes making money.
Truth 9: The rise in coin prices, aside from ecological landing and value support, is more importantly driven by market 'consensus' and 'greed'.
Insight: The supply and demand relationship determines price; market beliefs and emotions have a huge impact on coin prices.
Truth 10: To get rich in the crypto world, you need to possess the following points:
1. Luck -
- Find truly promising targets;
2. Cognition -
- Be able to hold onto coins and not be scared away by market fluctuations;
3. Take profit -
- Understand to take profits and not be greedy;
4. Long-termism - Persist in long-term regular investments, do not chase short-term profits;
5. Cash flow - Continuously earning income and steadily investing in the market.
Insight: Making money in the crypto world is not easy; besides seizing opportunities, you also need luck, patience, and the right execution ability.
Summary
The top ten truths may be a bit heart-wrenching, but they are the valuable experiences I have summarized over the years in the crypto world! I hope they can help.
Everyone should recognize the market and pay less 'tuition'.
Remember:
· Principal first, risk second, profit third!
· Respect the market, maintain a good mindset, learning ability, and execution ability; self-discipline is the key to success!
Accept gains calmly, accept losses lightly, strive for the inevitable, and let it flow naturally!
ETH BTC PEPE
