It is possible, but the losses are greater than the gains. Most people have paid a lot of tuition in this market.
I don’t think I have any extraordinary talents. 99% of people lose money when they trade, not because trading is difficult, but because this circle gives people the feeling that it is too easy to make money, and the closer people are to the money, the more impetuous they are.
It does take courage and insight to make a lot of money, but it is really not that difficult to make money.
When you and a group of people encounter a bear in the forest, you don't need to run faster than the bear, you just need to run faster than most people.
It takes four years of college to find a good job, let alone to make money in trading. If you have really read more than a dozen books seriously, and read them more than ten times, and have been in the trading market for a year or two, but you still haven’t made any money, it’s not too late to say that you have no talent.
If any of you have read the ten books I recommended more than ten times and have been in this market for a year or two, but still can't make money, then come and tell me: I have no talent, I quit. Everyone who does trading will have loss aversion* (it is painful to cut losses and make profits). How to control this mentality as much as possible? You must adjust your mentality to the trend. Individuals are ever-changing, but in general, most individuals follow the general trend, but some are faster and some are slower. When the general trend is not good, you must reduce your position without distinction. Once you have individual illusions and are reluctant to sell your floating losses, you are likely to be deeply trapped.
2 After being deeply trapped, many people often sell at a relatively low point, or after lying flat for a long time, there is a periodic market, and they chase it, but it turns out that it is a relatively high point, and they are trapped again. Don't think that you must make money back in a certain coin. You must clearly realize that we make money from the market, and don't compete with some trapped targets (of course, many people don't know which one to change to, and can only stand still after being trapped).
Most people, even so-called PhD professors, find it difficult to use these theories to make money. Otherwise, the rich are all professors and PhDs, not Buffett and Bezos.
It's like you read a bunch of books on technical analysis, talking about indicators all the time, can you make money? Stop bullshitting.
You can make money if you can see the market correctly and make the right move. Seeing the market correctly is easy. You have at least a 50% chance of seeing the market correctly when drawing a line. Making the right move is difficult. It tests your character, mentality, and will. These are things that technical analysis cannot teach you. That is why it is easy to see the market correctly, but it is so difficult to make money.
Therefore, as long as you learn these experiences and skills and have a certain amount of capital and foundation to enter the cryptocurrency circle, it is still possible to multiply your money tenfold.