There are certain types of people who will definitely lose money in the cryptocurrency market!
First, pure newbies, who might have lucked into a doubling coin, will later rely on their skills to lose it all! Newbies only go all in, love to chase highs and sell lows, completely unaware of what position management means, or what profit-taking and stop-loss are, always fully invested, always emotionally overwhelmed! (As a newbie, I suggest not getting into the crypto world; it’s really easy to lose money! Look more, act less!)
Second, small capital players, for example, if you only have a few thousand USDT! Want to earn a million! It’s not uncommon to turn a few thousand USDT into a million in the crypto world, but most of it is wealth creation through the primary market and contracts!
Small capital players who choose the wrong path find it very difficult to achieve class mobility. If you want multiple returns with small capital, you definitely cannot choose the secondary market! The secondary market cannot offer you a hundredfold return! High multiples must come from the primary market and contracts!
However, the risks associated with the same contracts and the primary market are also immense. Only one in ten can make it out of these two paths! Look more, act less!
Third, the giant baby of the cryptocurrency world: those who know nothing, need to be spoon-fed, and require praise for what is fed to them! Such individuals are basically destined to be far from making money! Because no one will have the patience to feed you forever! Even your parents will only do so until a certain age!
The giant baby of the cryptocurrency world, who likes to be spoon-fed, is laid-back and expects service! With a poor mindset, they can only make small profits but complain constantly! They are doomed not to last long! A bad mindset makes everything pointless!
Fourth, stubbornly holding onto altcoins, people who never invest in BTC, ETH, or BNB! Such people have a very poor ability to withstand risks! Everyone knows BTC is expensive, and they think altcoins are cheap because of their higher growth, but similarly, when they drop, it’s devastating!
Although Bitcoin has a slow increase and a high price, it is relatively more stable compared to altcoins. Many people holding altcoins might end up waiting for a delisting announcement from exchanges! In the crypto world, slow is fast!
The cryptocurrency market has always been a process of survival of the fittest, where only the strong survive! If you want to avoid being eliminated, you must make changes!
Recently, I plan to lay low with a potential coin that is about to skyrocket; it’s quite easy to double your investment. At the same time, I am also preparing to find some potential coins to hold until the end of the year, expecting a return of over 10 times is not a problem.