If you want to do well in the crypto space, looking back after all these years, the most important thing you should do first is to clearly understand what you are doing. Is it the right thing? How well do you understand this matter? First, determine the nature, then the quantity. Qualitative analysis is about learning, researching, and judging whether what you are doing is correct and belongs to a minority of correctness. Quantitative analysis then drops down to the methodological level. Only under the premise of correct qualitative analysis is it necessary to discuss methodology; otherwise, if the direction is wrong from the start, no matter how good the method or how refined the operation, the results will likely be unsatisfactory. In contrast, if the direction is correct, even a somewhat foolish or unwise person can achieve good returns.
Just like many people in the crypto space who entered earlier than I did and still haven't made money, they're still playing contracts and guessing price fluctuations. I asked him about his performance, and he said he has basically broken even over the years. I believe this is the ceiling that most people can achieve because they chose the wrong path, getting lost in the world of technology and being unable to extricate themselves, completely unaware of the game they are playing. It's like jumping into a game without looking at the rules, losing a few lives, and then coming back to summarize. Often, at this point, they fall into a gambler's dilemma, constantly wanting to break even. Even if they know the truth, they are unwilling to face it, unable to let go, and ultimately live in constant anxiety without a good outcome.
If you are a naive newcomer who wants to get into this industry, the first point is: research. How to obtain key information? The simplest method is to look up materials and study by yourself. Of course, this method requires a lot of time and depends on personal talent, but the advantage is that the initial cost is almost zero, with costs incurred later. Alternatively, you can learn directly from those who get results in this circle; this is the best way to make rapid progress in this field. There are no other alternatives. It's worth noting that only about 1% of people in this circle make money. Those who can survive here have undoubtedly stepped over countless bodies, leaving a river of blood behind. You can directly use their experiences, which saves time, speeds up your exploration efficiency, and significantly reduces later costs. However, the downside is that you might have to pay money or other costs, or even find it hard to give money away; sometimes the world is that cruel. You heard me right; you might not even know where to send your money. This was my previous experience.
There is no distinction between good and bad in these two approaches, including my own journey where I learned through countless tuition fees to enhance my understanding and have reached a relatively decent point. This completely depends on personal philosophy; everyone has different concepts of time and money. But if I had to choose again, I would definitely choose to learn from those who have results. I have wasted too much time; my peak in life might have come earlier. I spent too much time on meaningless exploration and trial and error, and I did not start on the most correct path from the beginning.
To avoid detours, it’s best to have a thorough understanding of the game you are playing from the start and choose a path that has been verified by most people and can lead to success. This way, your chances of winning will be several magnitudes higher than those of other newcomers who entered at the same time. People cannot understand and judge things that do not exist in their minds. The concept is critical; even if you don't understand, the gap between knowing and not knowing is enormous. For instance, if you talk to ancient people about trigonometric functions, they likely won't understand because the concept of 'function' does not exist in their world. However, modern people may not have much education, but upon hearing 'trigonometric function,' they will immediately associate it with triangles. The difference between 0 and 1 is greater than the difference between 1 and 100.
Many times, just hearing an excellent 'concept' can lead to rapid progress. Everything starts with a thought; one thought can lead to heaven, another to hell. If you think correctly, everything falls into place. If you think about the right causes, the effects will naturally manifest over time. This is about focusing on the effort, not just the results. It's not that there are no results, but I know that if I do this, there will definitely be rewards—I just haven't seen them yet. I won't plant oranges and wait for apples; this is completely different from blindly waiting and persisting.
Why did we only hear about Bitcoin (or bitcoin) years later? What prevented us from seizing this opportunity for class advancement?
I hope the above can help with your investment. Lastly, if by now your returns in this bull market are below 100% or if you're still losing money, it means there is still a significant gap between your understanding of the crypto space and the real world. I suggest you join my community for more in-depth analysis, learn top theories in the crypto space, and practice my strategies with like-minded partners to achieve wealth growth in the crypto world.
