Do you think making money in the cryptocurrency world depends on luck? Insider information? One or two big pullbacks? Wake up!
Those who truly make big money in this market over the long term aren't the lucky ones who get rich overnight, but the ruthless individuals who've been repeatedly crushed by the market, experienced blowouts, and setbacks, their mentality shattered to smithereens, yet persevere and claw their way back.
Listen carefully—if you haven't experienced a blowout, you'll never understand risk.
Your account plummets from 100,000 to 50,000 in one day. Watching the floating loss pierce your eyes like a knife, reluctant to cut but afraid of further losses. But the rebound never comes, and the liquidation message arrives first. Did you know? A 50% loss requires a 100% gain to recoup your investment. This is the iron law of the market: it takes an hour to climb a building, but only half a minute to jump. Your capital is your life. Anyone who dares to touch it, you must bite back without hesitation.
Why do 90% of people end up as leeks? Because they lose in their hearts. I hesitate when buying clothes, but it only takes three seconds to buy cryptocurrencies. When prices rise, I'm afraid of missing out; when they fall, I rush to sell. Today I chase hot spots, tomorrow I buy new coins. My account shrinks day by day, and my mentality deteriorates day by day. You're not trading in cryptocurrencies; you're being exploited by the market. Handling fees, slippage, greed, and fear all work together to drain you. At the end of the year, it might be okay if you don't look at your bills, but once you do, you realize the fees have swallowed up more than you've earned.
Experts have long understood three things:
What is the target profit for this market trend?
What is the maximum loss you can tolerate?
When must you lock in profits?
Don't be greedy, don't gamble, and don't be impulsive. Build positions in batches, gradually increase your investment, and always have a backup plan. Take a break when you don't understand the market. Missing an opportunity is nothing, but a wrong direction may take six months or even a year to recover.
Remember—cryptocurrency trading isn't about making a quick buck today; it's about giving you the freedom to choose your life.
The cryptocurrency world doesn't eliminate those with poor skills; it targets those with a broken mindset. Do you want to be cannon fodder, wiped out instantly, or a tough guy who can pull himself out of the mud and make tenfold or even a hundredfold?
If you don't want to keep spinning in circles, then join me in planning. The current market is a great time to recover and reinvest.
