Some people think this is a betting house.

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I see a lot of people out there kicking and screaming, complaining, thinking they are losing everything because the market has turned against them. It almost seems like they are treating this place as if it were a betting house, where you just choose “up or down” and hope for the best.

If you think this way, it is time to change your mindset. Cryptocurrencies and the financial market are not about luck. They are tools that require analysis, strategy and patience.

If you don't know what you are doing, don't blame the market for your losses. Learn how to interpret charts, how to use indicators such as RSI, Bollinger Bands and volumes. This is not magic, it is study and practice.

Tip: Before entering into any trade, ask yourself:

What is my strategy?

Where is my entry and exit point?

How much am I willing to lose without compromising my capital?

Remember: those who treat the market as a bet will always lose to those who treat it as a business. Stop betting. Start investing smart.