In the cryptocurrency world, the ratio of profit to loss is about 1:9. During the last bull market, some big players made over a hundred million with FIL assets, but in the bear market, they ignored advice and leveraged heavily to buy FIL at the bottom, ultimately losing everything and ending up millions in debt, disappearing after borrowing money; meanwhile, some underdogs cashed out with Dogecoin and Bitcoin at high points and bought back at low points, doubling their net worth and keeping a low profile afterward.
These two types of people are very rare; most either lose hard-earned money or make just a little. In fact, becoming part of that 10% who make money isn't difficult; it's just that the temptations in the crypto world are too great, coupled with human greed, which leads to losses becoming the norm.
In the bear market, there are many people singing the cryptocurrency's demise; newcomers need to make their own judgments and not just follow the crowd.
