For most people in the cryptocurrency circle: there is a sense of fear, and the reason is simple: they cannot understand the market.
This is a dilemma that troubles countless people. Although many are aware of their shortcomings, very few are willing to invest time and energy to improve.
This is also a weakness of human nature; I know I don't understand, but I don't believe I will always lose money. As long as I don't make the same mistakes as before, it will be fine.
I used to think that as long as I wasn't greedy, impatient, and didn't open contracts, I could turn losses into profits.
But these are just appearances; the essence is that I have always been an outsider, and it is impossible for outsiders to make money in the cryptocurrency circle.
So when I kept losing money from when I entered the circle in 2017 until the end of 2019, I was determined to become an insider and could not continue this losing situation; otherwise, everything would be ruined.
Now is a bull market, similar to the timing when I entered the circle in February 2017. To help everyone seize this wave of bull market, I will share a 'true scripture' that I have realized.
In the cryptocurrency circle, one must not fall into the 'house of cards' trap set by the main players.
'House of cards' literally means: using hard paper pieces to build a house one on top of the other.
But one can imagine that a house built of seemingly gorgeous cards is quite fragile, and it can easily collapse under slight pressure.
This is one of the most terrifying financial illusions in a bull market; 90% of people will go bankrupt because of it.
In order to give the market confidence, the main players crazily pump up prices, which is the simplest and most brutal method, especially for altcoins.
This wealth effect will inspire retail investors to use leverage, and even various forms of collateral, borrowing, and lending.
Those who take this step have basically entered the 'house of cards' trap, and the outcome is destined to be: collapse.
So don't be deceived by trendy fakes; focus on the essence. Only by making yourself an insider can you truly earn money.
Otherwise, the financial market wouldn't be so smooth, and the market wouldn't keep rising. Just like the recent pullback, this is only a small storm during the bull market phase.
Countless people are terrified and lost, and there is still one year left; the big storms are yet to come.
The market that one cannot comprehend has just begun, and even more terrifying negative news has yet to appear. How should we respond next?
For those who truly understand the industry, risk must be the top priority, cash flow second, and returns only third.
If the first two aspects are not well-prepared, starting to fantasize about how much money can be made in this bull market is impossible to achieve; it only exists in dreams.
A true super bull market means: a super graveyard for retail investors, where one enters and dies.
Therefore, one must focus correctly, recognize the direction, and execute strictly; only then can one have a chance to outperform 90% of the market.
There is still a year left in the bull market; everything is still possible. Improve your abilities, understand the market better, and only then will you be qualified to choose the most certain opportunities.
The market can never scare away qualified investors; only speculators will be anxious and fearful.