Several types of people who will definitely lose money in the cryptocurrency market!
First, complete novices, who may have relied on luck to stumble upon a doubling coin, but will eventually lose it back through skill! Novices only know to go all in and love to chase rising and falling prices, completely unaware of what position management means, or what take profit and stop loss mean; always fully invested, always teary-eyed! (Newbie, I suggest not to get involved in the crypto market, it really is easy to lose money! Watch more, do less!)
Second, small capital players, for example, if you only have a few thousand U! Want to make a million! There are instances of a few thousand U turning into millions in the crypto market, but most of those are in the primary market and contract wealth creation!
If small capital players choose the wrong path, it's also very difficult to achieve class crossover; if you want multiple times of profit with small capital, you definitely cannot choose the secondary market! The secondary market cannot provide you with hundredfold returns! High multiples can only be achieved in the primary market and contracts!
However, the risks of the same contracts and primary market are also extremely high; those who can make it out of these two paths are very few! Watch more, do less!
Third, the giant baby of the crypto market: a complete novice who knows nothing, needs to be spoon-fed, and even wants praise for what is fed to them! This type is basically destined to be far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until a certain age! The giant baby of the crypto market loves to be spoon-fed, lying flat, and relying on others! With a poor mindset, they can only earn a little and then complain! They are destined not to last long! A bad mindset basically renders everything meaningless.
As a seasoned cryptocurrency investor, I share my experiences and insights. Interested in the crypto market but don't know where to start? Follow me to see my profile and I'll guide you to achieve freedom in this bull market.
