This is a blood lesson from a fan. He followed a TikTok influencer to buy coins and ended up suffering greater losses as he averaged down.
The problem is actually very simple: treating the crypto world like a casino is destined to be harvested.
The risk in spot trading does not lie in leverage, but in blindly holding on.
Remember: unrealized profits are just a numbers game.
Three fatal mistakes to avoid: chasing prices based on news, emotional averaging down, and betting all funds on a single coin.
These are all giving money to the market makers!
Understanding the market is actually not that difficult:
A long upper shadow is a signal to sell, while a long lower shadow indicates signs of bottoming.
Higher highs indicate an uptrend, while the opposite signals a downtrend.
The most dangerous moment is often when beginners are most excited at the peak.
The secret to making money in spot trading is just 12 words: choose the right track, control your position, and follow the trend.
It's like learning to swim; first ensure you don't drown, then consider having a beautiful posture.
The most profitable in the crypto world are always those who can survive the bull and bear cycles.
Losing money now is not scary; what is scary is continuing to play this game incorrectly.
Calmly learning the language of the market is the beginning of turning things around.
In the crypto world, choice is greater than effort! Following the right people makes earning money a natural outcome!
