Making money in the cryptocurrency world is not difficult, but many people fail to make money and even lose it, which is a strange phenomenon.
Since entering the cryptocurrency world, I have seen many people become wealthy through virtual currencies. I have several friends with assets in the A8 and A9 range, most of whom make money through long-term cycles and trend trading, including myself, as I also benefited from the bull market in 2021 and the major trends in recent years.
The logic of making profits from trading cryptocurrencies is simple: buy low and sell high, entering during a bear market and exiting during a bull market. Everyone understands this principle, but many people just can't control their hands and end up making blind trades in uncertain markets.
During a bull market, making money is easy; money flows in like a strong wind, and you can profit just by buying anything. However, this is merely due to trends and luck. If you consider this as a reflection of your own strength, it can be very dangerous; all major losses are caused by excessive confidence.
New investors in the early stages of entering the market find it hard to keep their profits even if they make money; they usually end up losing both principal and interest. Only after suffering losses and going through enough trial and error and reflection will they gain insights and gradually get on the right track.
Do not leave the cryptocurrency world easily, as this is currently the best way for ordinary people to change their fate, or perhaps the only way.
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