In the cryptocurrency world, achieving true financial freedom and compounding is crucial, along with methods, techniques, and forming your own profit system!
Once mastered, the cryptocurrency world will be like your "ATM", making money as easy as breathing!
After more than 8 years of trading cryptocurrencies, I summarize my wealth journey as follows:
The first ten million took the longest and was the most painful, with my trading system constantly reshaped and polished, taking a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million took merely 5 days.
75% of the funds were earned in six months.
First, let’s talk about those who make money:
First of all, they are definitely not contract players. Not one of the contract players I know is profitable, even if they made money at some stage, the final result is still a total loss. In fact, the essence of contracts is gambling, making money through probability. Of course, the probability is slightly better than betting on high or low, but it's basically similar. Those who make money in contracts are generally doing contract community trading; they have long realized that contracts cannot earn money, so they go to do contract community trading, old investors cutting new investors.
A piece of advice for those who want to recover losses or make money through contracts: So many losing people stay in the cryptocurrency world to recover losses, but the harsh reality is that most people cannot recover losses or make money, especially those who want to recover losses through contracts are simply delusional. Those who make money through contracts in the market are very rare, so don’t fantasize about why you wouldn't be that person. To be honest, if you want to recover losses through contracts, you really aren't cut out for it. No matter how much you lose, it’s the same; even if you go bankrupt, you cannot recover losses through contracts. Therefore, I advise those who want to recover losses through contracts to quit contracts, in other words, quit gambling.
What should spot traders do if they lose money?
First, if the losses are not too much and the principal is still relatively sufficient, meaning that the principal and losses are on par, then recovering losses is relatively simple and easy, or say those who need to multiply their investment by five times or less to recover losses are all possible. But the most important point is the buying and selling points. If you are stuck at a high position, it becomes difficult. Most people can make money when a bull market starts, or during the main upward trend of a bull market, losing money often comes from not knowing when to sell. After selling, during the distribution (selling) stage by the main force, repeatedly entering at high positions gets you harvested. Therefore, for retail investors, what position to sell is actually very important, but selling is not the most important.
The most important thing is that after selling, you can persist in staying in cash, which is something most people cannot do, and should be the fundamental reason why 95% of retail investors cannot do it, and why most people lose money. If you can sell at a relatively high point and not be influenced by analysts in the market or various positive news at high positions, and stick to staying in cash, that is truly securing profits, and that is how you can actually earn.$BTC $ETH
