No matter what opportunity led you to enter the crypto world, you must have heard of someone who made a lot of money by buying a certain coin, increasing several dozen or even hundreds of times, turning a loser into a winner.
There are many stories like this in the crypto world, and it is these stories that lead us to fantasize that one day we too will become rich through trading cryptocurrencies. Of course, you have also heard of many people going bankrupt, losing everything, and wanting to jump off buildings. Losing money in the crypto world is the norm; making money is luck.
In fact, trading cryptocurrencies doesn't require much brainpower.
There's a saying in the crypto world: when you buy, it drops; when you sell, it rises.
From this, we can see that trading cryptocurrencies doesn't require brainpower at all. Some people refuse to accept this and insist on reverse thinking, resulting in even greater losses, as if the market makers are specifically targeting you. It's that magical. Practical results show that those who trade cryptocurrencies based on their IQ end up losing and looking foolish.
Do you know why this happens???
— Blocking the eyes, a frog at the bottom of the well.
The information and knowledge resources you receive only show the surface, just like we stand on the Earth yet find it difficult to perceive that we are actually standing on a spherical surface and not on a flat one. Your serious analysis is shallow, incorrect, and meaningless.
When trading cryptocurrencies, you must give up your own intelligence. Giving up intelligence is also a form of wisdom, especially when your understanding of the crypto world is insufficient.
Poison Brother often encounters newcomers who want to enter the cryptocurrency world but have not done much research and lack practical experience. They only see many myths of getting rich in crypto, hear that it's quite profitable, and think about investing a few tens of thousands of yuan to test the waters.
If you really want to enter the crypto world, investing a few tens of thousands to test it out isn't a bad idea, as long as you're prepared for losses!
Why?
First, today is different from the past.
Now the cryptocurrency ecosystem is becoming increasingly mature, having passed the stage of barbaric growth, and there are no longer low-priced Bitcoins. If you invest a few tens of thousands of yuan to buy coins, the chances of a hundredfold or thousandfold surge are almost nonexistent.
You see, when has Bitcoin's growth in recent years exceeded tenfold? Even during the bull market two years ago, it only increased a few times.
Now, the price of a Bitcoin is already an unusual unit.
Secondly, there are more traps than opportunities.
Since there's no chance of getting rich by buying Bitcoin, you might think about buying some cheap new coins. After all, didn't previous dog coins and shitcoins also increase by hundreds or thousands of times?
But in the crypto world, there are always more traps than opportunities.
The new concept coins you are optimistic about, model coins, are 99.9% traps that will cut a wave of non-players. Some coins peak as soon as they go online; you see it surge a thousand times today, and as soon as you buy, it drops 50%. You can't bear to cut your losses, hoping it will rebound, and then it drops another 50%. You still don't sell, clinging to your beliefs, and it drops another 50%... After several declines, you become honest. At this point, your account balance is almost gone, and you think you can only hold on, but after a while, TMD, the coin actually gets delisted...
When buying things, buying expensive ones generally won't get you scammed. Conversely, buying cheap ones greatly increases the chances of being scammed. Giving up your own intelligence, the market has already filtered for you.
In fact, you might only get lucky enough to buy a potential explosive coin once in your life and hold onto it; that would be a stroke of luck.
Thirdly, self-awareness is low.
In the crypto world, there are various concepts and currencies, and you don't know the attributes and values of each coin.
Relying entirely on the K-line drawn by market makers as a basis, if this coin rises today, rush to follow; if it drops, sell quickly. If you win, you think you're a stock god; if you lose, you curse the market makers. Without your own objective judgment, this leads to frequent trading, making it hard to earn money in the end.
Moreover, there are all kinds of negative and positive news in the crypto world, dazzling you. What you see is just what the big players want you to see.
Fourth, trading is immature.
In trading, you go all in, and once you do, you're trapped. Once trapped, you cut your losses, leading to actual losses. Or, you can't hold onto your profits but cling to your losses; there's no financial planning or replenishment strategy.
If you want to get rich overnight, don't come to the crypto world; because the mentality of 'getting rich overnight' is destined not to yield results in the crypto world. Currently, making money in crypto isn't about investing 100,000 yuan to make 1,000,000 yuan, but rather investing 1,000,000 yuan to make 1,000,000 yuan, or 500,000 yuan.
Newcomers investing a few tens of thousands in the crypto market are likely to lose money, while those investing a million have a chance of making a profit.
In fact, the amount of money has nothing to do with whether you can profit from trading cryptocurrencies, but it reveals some logical facts.
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