Can you make money in the crypto world? Yes, but most people do not. There are indeed opportunities to make money in the crypto world, but over 80% of people are losing. Many make a profit by luck, only to lose it back through bad luck. The reasons are usually these:
Not taking profits on unrealized gains leads to drawdowns becoming unrealized losses.
Unable to withstand unrealized losses, cutting losses.
After finally breaking even, they rush to sell.
Emotional trading, lacking patience and a system.
Ensure clean capital sources; do not borrow money to trade cryptocurrencies.
Only use spare money for trading; never take loans, borrow money, or use funds with unclear origins.
Especially during the withdrawal process, ensure compliance to avoid trouble from "dirty money."
See through the tricks of the big players; do not blindly follow the crowd.
The timing of big players’ market manipulation is unpredictable, aimed at shaking off weak-willed retail investors.
Positive and negative news is often a tool for big players to offload or accumulate; by the time you see the news, the big players already know.
Establish a trading system, do not rely on luck for speculation.
To survive long in the crypto world, you must have a stable and executable trading system:
Do not trade on market movements you do not understand.
Do not trade when the risk outweighs the reward.
Do not gamble or go all in.
Strictly take profits and cut losses.
Safe withdrawals and deposits + scientific capital management.
Use familiar or long-term stable merchants for deposits and withdrawals to avoid risk control issues.
Capital allocation: focus on mainstream coins, with altcoins as a supplement.
Trade with small positions to test the waters; do not heavily invest in altcoins.
Use AICoin to check the fundamentals of coins (whether there are institutional investments, number of exchanges listed).
It is recommended to use a pyramid-style averaging strategy to lower costs and control risks.
You can get rich trading cryptocurrencies, but many more suffer heavy losses. Awareness, system, mindset, and execution are the keys to long-term profitability. Winning once by chance is luck; surviving long-term is skill.
