In recent years, the opportunities for sudden wealth in the cryptocurrency circle are more than in traditional industries, but the hidden risks are equally huge! Many people are just following the trend, or blindly following friends who made money, investing everything. However, the low threshold for participation has led more people to hold onto the fantasy of 'getting rich overnight', while ignoring the importance of risk and understanding.

The truth about the cryptocurrency circle revealed! I believe everyone has heard of: "In the cryptocurrency circle, one day equals ten years in the human world. Working for ten years is in vain, but in one year, a coin can make you a millionaire!"

But is this really the case?

In recent years, the opportunities for sudden wealth in the cryptocurrency circle are more than in traditional industries, but the hidden risks are equally huge! Many people are just following the trend, or blindly following friends who made money, investing everything. However, the low threshold for participation has led more people to hold onto the fantasy of 'getting rich overnight', while ignoring the importance of risk and understanding. As an experienced player in the cryptocurrency circle, I have summarized some hidden truths that newcomers might not know; I hope this article can help everyone recognize reality, avoid detours, and participate rationally. Let's take a look together with the editor from Script Home!

The ten truths of the cryptocurrency circle

Truth 1: You think a certain altcoin has the potential to rise 100 times, but the reality is that 99.99% of altcoins will eventually go to zero.

Insight: Do proper research and choose projects with value and ecological support, do not blindly chase the highs.

Truth 2: When a project is heavily promoted as a 'money-making opportunity', it is likely that the time for the big players to offload is near.

Insight: Learn to think inversely, do not be swayed by market emotions, take profits in a timely manner, and avoid becoming a bag holder.

Truth 3: When retail investors are generally panicking and feel the market is about to crash, it often signals the imminent start of a bull market.

Insight: Market panic is a means for big players to accumulate at low prices; learn to identify bottom opportunities. Truth 4: When you become increasingly certain about a certain coin's upward trend and prepare to go all in, it is often when the big players are liquidating and exiting. Insight: Stay rational; do not blindly over-invest; learn to buy in batches and take profits.

Truth 5: You may think the success rate of contracts is 50%, but in reality, less than 10% can actually make money.

Insight: Contract trading requires extremely high position management, mindset management, and execution capability; do not be greedy or blindly leverage.

Truth 6: Most people view the big players as enemies, but the real experts learn to dance with them and follow their steps.

Insight: Being on the right team is more important than individual effort; following the trend can yield greater profits.

Truth 7: Many people think making money in the cryptocurrency circle is easy, but less than 10% can actually make money.

Insight: The cryptocurrency circle also follows the 80/20 rule, or even the 90/10 rule. Respect the market, align knowledge with action, and you can stand undefeated.

Truth 8: Do not undervalue KOLs (Key Opinion Leaders), their expertise and market analysis can help you avoid detours.

Insight: In the era of paid knowledge, be clear whether you have received equivalent value. Ability always comes before making money.

Truth 9: The rise in coin prices is not only due to ecological implementation and value support, but more importantly, the market's 'consensus' and 'greed'. Insight: The relationship between supply and demand determines price; market belief and emotions have a huge impact on coin prices.

Truth 10: If you want to get rich in the market, you need to possess the following points simultaneously:

Luck--Find truly potential targets;

Cognition--Being able to hold onto coins without being scared off by market fluctuations;

Take profits--Understand the importance of securing profits and taking what you have earned;

Long-termism--Persist in long-term investment, do not chase short-term profits;

Cash flow--Continuously earn income and invest steadily in the market.

Insight: Making money in the cryptocurrency circle is not easy; besides seizing opportunities, you also need luck, patience, and the right execution.

Only the old players understand:

1. Most DeFi projects are unsustainable Ponzi schemes, and those who excel in this field see it only as a money-making game.

A completely decentralized future is impossible; the current decentralization only serves centralized systems.

3. Zhao Changpeng has done a lot for this field but has not received the honor he deserves.

4.95% of cryptocurrency participants have never read a project's white paper.

5. 90% of cryptocurrency participants cannot explain how blockchain and decentralization work; they only care about money.

6. Most angel investors are parasites.

7. We are still in a very early stage.

8. It is always easier to be bearish than bullish.

9. Bitcoin maximalists and Ethereum maximalists both come off as narrow-minded and shortsighted. 10. The convenience of seed round financing has permanently changed crypto Twitter; this community will never be the same. The veterans of the cryptocurrency circle are now venture capitalists, and you need to get used to that.

11. The convenience of seed round financing will make people more easily influenced than in the secondary market, and this will be the ultimate driving force of many years of bear market. 12. Your favorite podcast, streaming, or space host may start a podcast, streaming, or space just to enhance their value props and enter more seed round financing.

13. In the crypto space, most 'respected' venture capitalists only introduce their seed round financing on Twitter. 14. There is no distinction between market influencers and venture capital now.

15. People often complain about large foundations, but without their funding for so many projects when no one else is willing, we would not have seen the massive explosion of the cryptocurrency ecosystem in recent years, allowing so many people to make money. They may indeed sell their tokens, but the smart ones will profit from it.

16. Making money in the market is not easy; if you think making money is as simple as breathing, it may be time to take some profits, indicating that you have found your own way of making money through experience, but this is very difficult to achieve.

The ten insider secrets of the cryptocurrency circle

You think the success rate of trading contracts is 50%, but in reality, less than 10% make money.

2. When you hear something is very profitable, it is basically time to take over. 3. When you think the market is doomed and everything is going to zero, a bull market is often about to come; when you become increasingly certain that a coin will skyrocket, it is often the time for the big players to harvest.

You think making money in the cryptocurrency circle is easy, but losing money is even easier.

You think KOLs make a lot of money; in fact, KOLs who don’t exploit others, deceive, or issue tokens might earn less than you. You think that a meme coin has the chance to rise 100 times; in reality, the zeroing rate of meme coins is 99.99%.

9. You think the big players are your enemies that you need to defeat, but in reality, they are our support; only by tightly holding onto them can you benefit. 9. You think the cryptocurrency circle should be about value investing; in reality, all coins have no value, and what generates value is human greed. 10. You think getting rich in the cryptocurrency circle depends on hard work; in fact, it is entirely based on luck.

#山寨季何时到来 #币安HODLer空投LA #美国加征关税

Continue to pay attention:$BTC $ETH $BNB