All of this may stem from that seemingly attainable but actually unreachable 'dream of getting rich quickly.' And what I want to tell you is that those who understand 'taboos' better than others are often the ones who can walk a bit more steadily on this road.
The seven major taboos in cryptocurrency trading, each a valuable insight, may help you avoid detours.
One, avoid being overly active—you're not a perpetual motion machine, there's no need to trade 24 hours a day.
Trading cryptocurrency is not about physical endurance, nor is it about who operates more frequently. The real key is to assess the big trend. When the market is good, participate boldly; when the market weakens, learn to rest with no positions.
But many people just don't. They are like bees that can't stop, constantly buying and selling for a little profit, regardless of whether the market is cold or hot. The result? Not only do they fail to make money, but they also keep stepping into traps. Remember, knowing when to rest will help you make more money. 365 days × 24 hours? That's not diligence; it's self-consumption.
Being deeply trapped during a market crash can make anyone anxious. But some people, because their mindset collapses, start to operate frequently, keep increasing their positions, and blindly add to their holdings... The result is often a more severe loss.
What is the truly rational approach? It is to act less and observe more. Wait for the trend to become clear before calmly entering the market. Do not replace judgment with emotion.
Three, avoid being overconfident—don't always think about buying at the lowest and selling at the highest.
The pursuit of maximizing profits is human nature, but it is the great enemy of trading. Always wanting to eat the whole fish in one bite often leads to repeatedly missing opportunities.
Those who understand 'to leave a bit of fish head and a bit of fish tail, to steadily enjoy the middle portion' are the ones who can continuously make money.
Four, avoid blindly chasing rebounds—rebounds during a decline are often traps.
Especially when the trend is still downward, trying to catch a rebound is like reaching into the fire for chestnuts—you think reaching out is an opportunity, but it may very well burn you. For that little bit of rebound profit, risking being deeply trapped is not worth it.
Five, avoid over-leveraging—going all in often marks the beginning of a complete loss.
You will find that most people who get liquidated in the crypto space fail due to two words: greed and overconfidence. Always remember: leaving room for maneuver is the key to being able to advance and retreat freely.
Especially if the money you are investing is 'family money,' the psychological pressure after being fully invested can easily lead you to make more irrational decisions.
Six, avoid panic—though a sharp decline is frightening, often hidden within despair is a turning point.
There are no markets that rise forever, nor currencies that fall forever. The rise and fall are the market's normal state. A bear market is actually the best time to learn, select currencies, and prepare for the next opportunity. Don't lose your way in pessimism.
Seven, avoid complacency—the market is always changing; don't let pride harm you.
Many people have good luck when they first start, making some money and learning a few indicators, and then become overly confident, starting to frequently chase highs and sell lows—only to quickly give their profits back to the market.
A truly mature investor understands to always respect the market, continue learning, and constantly adjust. Once you become complacent, you have lost.
Lastly, a reminder:
The crypto world is not a place where you can easily realize the dream of getting rich quickly, but it is a place that can truly expose human weaknesses. Whether you can survive and thrive often does not depend on how fast you make money, but on whether you can maintain your bottom line and make fewer mistakes.
Trapped, confused, not sure how to operate? Don't panic. Follow me, I speak with data to give you clear direction—support levels, exit points, trend judgments, all are actionable strategies.
Daily attention: $SKL $UNI $JTO
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