Revealing the truths of the cryptocurrency world! I'm sure you've heard: 'One day in the crypto world is like ten years in the human world. Ten years of hard work can lead to nothing, but a year in crypto can make you a millionaire!' But is it really like that? In recent years, opportunities for quick wealth in crypto have been more prevalent than in traditional industries, but the hidden risks are equally enormous! Many people blindly follow trends after hearing about others making money or seeing friends profit. However, the low barriers to entry lead more people to hold onto the fantasy of 'getting rich overnight,' ignoring the importance of risk and understanding. As someone who has battled in the crypto space for years, I've summarized some hidden secrets that newcomers might not know, and I hope this article helps everyone recognize reality, avoid detours, and participate rationally. Let's take a look with Awen!
The top ten truths of the cryptocurrency world
1: You think a certain altcoin has the potential to rise 100 times, but the reality is that 99.99% of altcoins will eventually go to zero. Insight: Do thorough research, choose projects with value and ecological support, and do not blindly chase highs. The truth
2: When a project is heavily promoted as 'a money-making opportunity,' it is likely that the operators are about to sell off. Insight: Learn to think in reverse, don’t be swayed by market emotions, take profits in time, and avoid becoming a bag holder. The truth
3: When retail investors are generally panicking, thinking the market is about to crash, it is often a signal that a bull market is about to begin. Insight: Market panic is a method for operators to accumulate shares at low prices; learn to identify bottom opportunities. The truth
4: When you become increasingly confident about the rise of a certain cryptocurrency and are ready to go all in, it is often when the operators are closing their positions and selling off. Insight: Stay rational, do not blindly overinvest, and learn to buy in batches and take profits. The truth
5: You might think the win rate for contracts is 50%, but in fact, less than 10% can truly make money. Insight: Contract trading requires high levels of position management, mindset management, and execution; do not be greedy or blindly leverage. The truth
6: Most people see the operators as enemies, but true experts learn to dance with them, following their steps. Insight: Being on the right team is more important than individual effort; going with the flow can yield greater profits.
Truth 7: Many people think making money in the crypto world is easy, but less than 10% actually profit. Insight: The crypto world also follows the 80/20 rule, or even the 90/10 rule. Respect the market, and practice unity of knowledge and action to remain undefeated. The truth
8: Don't underestimate KOLs (Key Opinion Leaders); their professional knowledge and market analysis can help you avoid detours. Insight: In the era of paid knowledge, be clear about whether you are receiving equivalent value. Ability always precedes profit. The truth
9: The rise in coin prices is not only due to ecological implementation and value support but more importantly, the market's 'consensus' and 'greed.' Insight: Supply and demand dictate prices, and market belief and sentiment have a huge impact on coin prices. The truth
10: If you want to get rich in crypto, you need to possess the following: · Luck – finding truly potential targets; · Understanding – being able to hold onto coins and not be scared off by market fluctuations; · Taking profits – knowing when to cash in and take the gains; · Long-termism – sticking to long-term investments and not chasing short-term profits; · Cash flow – continuously earning income and steadily investing in the market. Insight: Making money in crypto is not easy; besides seizing opportunities, you also need luck, patience, and correct execution.
Only the seasoned players understand:
1. Most DeFi projects are unsustainable Ponzi schemes, and those who are best at it treat it merely as a money-making game.
2. A completely decentralized future is impossible; current decentralization only serves centralization.
3. Zhao Changpeng has done a lot for this field but has not received the recognition he deserves.
4. 95% of participants in the crypto world have never read a project's white paper.
5. 90% of participants in the crypto world cannot explain how blockchain and decentralization work; they only care about money.
6. Most angel investors are parasites.
7. We are still in a very early stage.
8. It's always easier to bet against than to bet for.
9. Bitcoin maximalists and Ethereum maximalists both seem narrow-minded and shortsighted.
10. The convenience of seed round financing has forever changed crypto Twitter; this community will never be the same. The veterans of the crypto world are now venture capitalists, and you need to get used to it.
11. The convenience of seed round financing will make people more easily influenced than in the secondary market, and this will be the ultimate driving force behind years of bear markets.
12. The hosts of your favorite podcasts, streams, or spaces start their podcasts, streams, or spaces just to increase their value props and enter more seed round financing.
13. In the crypto space, most 'respected' venture capitalists only talk about their seed round financing on Twitter.
14. There is no longer a distinction between influencers in the crypto world and venture capital.
15. People often complain about large foundations, but without them funding so many projects when no one else would, we wouldn't have seen the massive explosion of the cryptocurrency ecosystem in recent years that has allowed so many to profit. They may indeed sell their tokens, but the clever ones will profit from it.
16. Making money in the crypto world is not easy. If you think making money is as simple as breathing, it may be time to take some profits, indicating you have found a way to earn based on your experience, but this is very difficult to achieve.
The top ten insider secrets of the cryptocurrency world
1. You think the success rate of trading contracts is 50%, but in reality, less than 10% actually make money.
2. When you hear about something being very profitable, it's basically time to take over.
3. When you think the market is doomed and everything is going to zero, a bull market is often about to arrive.
4. When you become increasingly certain that a coin is going to skyrocket, it is often when the operators are cashing out.
5. You think money is easy to earn in crypto, but in fact, it is easier to lose.
6. You think KOLs make a lot of money, but in reality, those who do not exploit others, deceive, or issue tokens may earn less than you.
7. You think a shitcoin has a chance to multiply by 100 times, but the actual rate of going to zero for shitcoins is 99.99%.
8. You think the operators are your enemies and that you must defeat them, but in reality, the operators are our support; only by holding onto them can we benefit.
9. You think crypto should be value investing, but in reality, all coins have no value; what creates value is human greed.
10. You think getting rich in crypto depends on hard work, but in reality, it is entirely based on luck.
The above is what Awen shared about the truths of the crypto world: the 16 major truths you must know! The top ten insider secrets of the crypto world are detailed here. If you have any questions or doubts, you can follow Awen and check the homepage information.
