I have been in the circle for a long time, but I didn't expect that in 2023, retail investors still think the same way, which is regrettable. In the current situation of internal circulation and lying flat, making money is indeed not as easy as before. It is sad and ridiculous to see countless newbies, under the hypnosis and brainwashing of a myth of getting rich quickly, enthusiastically contribute their years of work savings, wife's money, and countless sickles. Don't get me wrong, I have no intention of becoming a contemporary Lu Xun, nor do I intend to save any newbie. I just want to use the self-media platform to express my immature views. Today, I will tell you about the 8 fatal operations of leeks in the currency circle.

1. Without basic technical analysis knowledge, never learning, but expecting to make a lot of money by speculating in cryptocurrencies. Although the motivation of the leeks to speculate in cryptocurrencies is very inspiring, they usually don’t spend time analyzing market changes! In their spare time, they still have all kinds of fun, and they speculate in cryptocurrencies based on intuition and luck! After a blind operation, not only did they not make money, but they also lost their money. If you can’t even understand the basic K-line, it is recommended not to enter this market. There are thousands of market indicators, but you must be proficient in one of them, such as channel theory, which is a very practical technology. However, it is better to have no technology than to believe in technology. The shape shown by the K-line is often lagging, so you should focus on the value of the project itself instead of deliberately pursuing the technical side.

2. Heavy positions, all-in at any time. In this place where young people are full of vigor and vitality, you will often hear people instigating you to all-in in the currency circle, such as winning the club model and losing the sea work. In fact, you usually know that everyone is joking, but after hearing these nonsense too much, sometimes you really want to make a heavy position once or twice to make a critical hit, but it is often these one or two irrational operations that make people lose most of their assets. Start buying as soon as you enter the market! Spend all your money! If you don’t control your position, you are likely to lose everything!

3. Lack of patience, eagerness for quick success, and impetuousness seem to have become the norm in the cryptocurrency circle. Many people enter this market with the mentality of getting rich overnight, but they are not prepared to go back to zero in one day, let alone the ability to get rich overnight. After buying a coin, they hope that it will go up right after the purchase, double in three days, and increase tenfold in half a month. If the coin does not go up in half a month, or even suffers a loss, they will start to find all kinds of excuses for themselves, scolding the project party for not doing market value management, scolding the dog dealer for dumping the market, and blaming the big V for inaccurate predictions.

4. Greed and fear lead to buying at the top of the mountain and selling at the bottom. Everyone dreams of selling high and buying low, but how many people can do it? It is even more difficult for new investors. They often do the opposite, buying high and selling low. After a while, their principal is swallowed up. Do you think the banker is greedy for your profits? What they are greedy for is your principal.

5. When buying altcoins, don’t always use Bitcoin as a reference. “Bitcoin rises and altcoins fall, Bitcoin falls and altcoins rise.” Many old investors may have told you this, but times have changed. The consensus now has become “altcoins are unreliable, Bitcoin is reliable” and “When Ethereum emerges, the project party will dump the market.” If you still insist on following this old saying, you will probably be in trouble.

6. Borrow money to invest. Let me tell you solemnly here that if you are a retail investor, you should never borrow money to buy coins.

7. Selling too early. Do you know how easy it is to get rich through Bitcoin? If you bought 1,000 RMB worth of BTC in 2011 and never sold it, you would be rich today. It sounds easy, but in fact, only a few people have been able to hold onto their coins from 2011 to now. We often increase our holdings on coins that are skyrocketing in the short term, but we often sell the major mainstream coins that are really worth holding in the long term, that is, we sell them while they are still rising and miss out on the subsequent gains.

  • 8. Most people do not have a complete investment plan before investing, and they just follow their feelings. This kind of investment method that relies entirely on intuition will definitely lead to a high probability of losing money if you encounter unexpected situations. Only by making a corresponding investment plan before investing, such as: how many currencies to buy? When to buy? How to allocate positions? Should you stop loss or cover the position after buying? Should you reduce your position in batches or continue to hold after making a profit? Only by summarizing a set of investment strategies that suit you can we deal with various situations, whether it is rising or falling, we can treat it calmly. This can at least make our mentality invincible and avoid the influence of mentality on making wrong choices. #美联储何时降息？ #韭菜 #美国大选如何影响加密产业？ #拜登退选 #美国7月非农就业增长放缓 $SOL