Lose 10%, need to rise 11.1% to break even;
Lose 20%, need to rise 25% to break even;
Lose 50%, need to rise 100% (double) to break even;
Lose 80%, need to rise 400% ( quadruple) to break even;
Once the loss reaches 90%, it may even require a rise of 900% to break even —— and in the cryptocurrency market, a 9 times increase may only occur once every few years, frequent trading can easily pile up losses to this extent in a short period.
If the price rises from 5 yuan to 10 yuan, then the increase is 100%, but if it falls to 5 yuan, the decrease is only 50%. Remember not to trade frequently. The more trades you make, it does not necessarily mean you will profit. However, making mistakes will also increase in frequency.
When I first entered the cryptocurrency circle, I traded frequently, and losses came easily, but once I held onto a certain asset, no matter how it rises or falls afterwards, as long as its value remains, the profit exists. You just need to earn the funding fee to maintain stable profits. Even if you can't earn the funding fee, you can still gain profits from the overall trend of rising. If the market turns bearish later, you can safely withdraw the principal and leave.
