Regarding making money in the crypto world, I believe the real difficulty is not technical or related to some secret method.
It's about too many temptations and methods, leading to indecision about which to focus on, resulting in none being done well.
Today, a fan talked to me; he lost over 800,000 playing contracts and said he wasn't destined to be rich.
He said it was due to impatience and anxiety.
Hearing his words, I feel that the real difficulty of making money lies in whether you can achieve it, rather than whether the task itself is difficult.
For instance, with dollar-cost averaging, you just need to set the time and amount, and buy daily or weekly.
Persisting in this task, remaining unaffected by any temptation, truly achieving accumulation without movement.
As long as the crypto industry exists, if you keep hoarding, you will definitely become wealthy.
But very few can truly do such a simple thing. After hoarding for six months or a year, they say it is too hard to endure and then sell everything to pursue something else.
For instance, regarding contracts, the actual difficulty lies in controlling one's nature and emotions; the real challenge is not in trading techniques. Making money in contracts is actually a combination of character and emotions.
What most people fail to do is sell at a slight profit and hold on when they incur losses. You should do the opposite: sell at a slight loss and hold on to profits. Can you do that? Clearly, you will feel uncomfortable facing losses, while when you have profits, you want to cash in immediately. For example, if the technical indicators show to go long, but you just don't dare to do it. When the bull market opportunity arises, you should go long, but you are still hesitant.
Many people treat contract trading as manual labor, staring at the screen day and night, repeatedly harvesting profits, using capital to earn trivial amounts from manual labor. This is not a sustainable way to make money.
At the very least, you need to have principles. When something happens, if you should go long or short, you should make a decisive move. If you make a mistake, cut your losses decisively. Only then is it possible to make money, rather than trading on a whim without logic.
Even if you use technical indicators, with over 50% win rate, if it indicates to go long, then go; if the indicators reverse, then cut losses. This is also logical.
For instance, regarding airdrops, it requires a long time to accumulate. You never know when they will stop issuing coins, and you might get eliminated. But in the early stages, you don't know this. If you want to earn that money, you can't be influenced, and you should keep accumulating. You can accumulate as many as you can every day. If you manage to persist, while others give up, you will receive the airdrop; in the end, others will not.
Where are the special secrets? I believe there are none. All money-making methods, in my opinion, are straightforward and legitimate.
You say that hoarding coins yields little profit while others earn more; that's because they have been in the game longer and have more capital.
They have experienced the painful lessons of the bear market in cryptocurrencies and now have a sense of awe for the market, having learned from the previous bull market's failures. They believe that as long as they operate with mainstream assets and do not get greedy, even if they earn a little less, they will definitely not repeat past mistakes.
For this group of old hands, what I want to say is that if we do not realize that we lack the core ability to make money, as long as we hold on to a sense of luck and do not let go of our desires, when this bull market ends, the outcome will likely be the same.
Otherwise, there wouldn't be old hands who have experienced several rounds of bull and bear cycles still failing to achieve results.
For newcomers, either they have a certain understanding of investment or they will not absorb what you say, even if you advise them against touching contracts; they will think you are blocking their path to wealth.
There are still some opportunities for a group of people who are good at timing; even with their eyes closed, they can achieve results. Their mindset is simply about making money in the crypto world. It's straightforward; what did I invest? As long as it's a bull market, I can make money no matter what—it's just a matter of how much.
What I want to say in the end is that whether you are a newcomer or an old hand, the wealth you gain should be questioned. Ask yourself whether it is obtained through your own ability and understanding.
Is it that you have come to understand the fundamentals of the cryptocurrencies you invest in, and through your analysis of the market trends, you determine that it is a bottom and you enter, then escape at the peak to cash out? It requires effective strategies, correct investment thinking and concepts, as well as a good mindset.
If it's not obtained through your own strength and just through trends and luck for temporary results, then you must pay attention.
Without profits secured, what shows in your account are only unrealized losses and gains—numbers. Never imagine what hasn't been pocketed.
In the future, I really don't want to see so many people come to ask me, 'What should I do now that I am trapped? I lost so much, can I recover my capital?' and other similar questions.
There were some before, there are some now, and I hope there will be fewer in the future. History does not repeat itself, but it often resembles itself astonishingly.
Many generals in history have read 'The Art of War', but how many have achieved a hundred victories? Basically zero. Does that mean 'The Art of War' is a big deception? Is reading it the same as not reading it? Similarly, in the past twenty years, many have imitated and learned from Buffett, but how many have become the second Buffett? It seems none. Does that mean Buffett has deceived us and never shared any truly useful techniques?
Many people might attribute failure to not mastering their craft, but is that really the case? Is there truly no one in the world whose IQ is higher than Buffett's? No one works harder than Buffett? No one has better stock trading talent than Buffett?
To answer the above questions, we need to introduce the harshest law of the investment world: trading cryptocurrencies, like trading stocks, is a zero-sum game.
What is a zero-sum game? It means that competitors must compete to the death; only one of us can survive. If I survive, it certainly means you must perish. If you are alive, it means I have fallen.
In the crypto world, this means that when I buy, it implies that you sell. If you do not sell, I cannot buy. Only when you are willing to sell will I be willing to buy can digital currencies be traded. The money I earn is necessarily your lost profit. There is no scenario where everyone leaves making money.
In a zero-sum game, the difficulty of competition does not only depend on your own level but also on your opponent's level. Because you aim to eliminate the other side; if your opponent is foolish, you can easily defeat them, but if they are as smart as you, the difficulty becomes very high.
What is even more frightening is that your opponents will constantly evolve, because they are human, just like you, not foolish!
This explains why even after reading 'The Art of War' three hundred times, one can still suffer crushing defeats, and after researching Buffett for twenty years, one can still incur investment losses. Because your opponent has already read it five hundred times and studied Buffett for thirty years.
Three years to enter the industry, five years to understand it, ten years to become a king.
Trading is not about becoming rich overnight; it's about reasonable profits that can be long-lasting, stable, sustainable, and have a high probability, allowing you to continuously accumulate wealth.