$AVAAI People who lose a lot of money in the crypto world, see if you are one of them? There are certain types of people who will definitely lose money when trading in the crypto world! Be careful and see if it applies to you.
First, pure novices, starting with 100x contracts, making a small profit and then going all-in, leaving nothing behind. They rely on luck to invest in some 10x coins, only to lose everything afterward! They only know how to gamble, chasing highs and cutting losses, completely unaware of what position management means, what profit-taking and stop-loss are, always fully invested, always teary-eyed! (Newbie novices, I advise not to touch the crypto world, truly ignorance is fearless!)
Second, small capital players, for example, if you only have a few thousand USD! Want to make a million! There are cases where a few thousand USD in the crypto world turns into a million, but most of these are through the primary market and contracts!
If small capital players choose the wrong track, it is very difficult to achieve class crossover; with small capital, if you want multiple times of returns, you definitely cannot choose the secondary market! The secondary market cannot provide you with hundredfold returns! High multiples definitely require the primary market and contracts!
However, the risks of contracts and the primary market are also immense; those who can make it out of these two tracks are one in ten! Watch more and do less!
Third, the crypto world’s giant babies: those who understand nothing and need others to feed them, and even require praise for what is fed to them! Such people are basically destined to be far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until a certain age!
Crypto world giant babies love to be fed and lie flat to enjoy services! Those without a good mindset can only earn a little and then complain! It's destined not to last long! A bad mindset essentially renders everything meaningless!
Fourth, stubborn people who still hold onto altcoins with both hands, never touching BTC, ETH, or XRP! Such people have very poor risk tolerance! Everyone knows BTC is expensive and thinks altcoins are cheap, but their gains are high; however, the same applies when they drop, it’s devastating!
Although Bitcoin rises slowly and is expensive, it's relatively more stable compared to altcoins; many who stubbornly hold altcoins may end up waiting for the announcement of delisting from exchanges!