Many people disdainfully say that those who have experienced several cycles in the cryptocurrency world and made a lot of money are gamblers and just lucky. Let me share a truth: don't be jealous. Those who can acquire great wealth in the cryptocurrency world and hold onto it are not lucky at all, whether you like it or not. I won't mention the many pitfalls of ancient times, which were undoubtedly much more thrilling than now. Let's talk about the present: those who have made a lot of money and are able to hold onto it have certainly perfected avoiding the following four things:
1. Opening contracts
2. Buying large amounts of non-Bitcoin
3. Keeping all their coins on exchanges
4. High-frequency trading, trying to buy low and sell high
Don't underestimate these four things. If you don't deeply pay attention to the cryptocurrency world, you won't understand. And those who can make a lot of money in cryptocurrency must have a deep understanding of the cryptocurrency world and have been trading continuously in it—these people, after making a lot of money, adhere to the above four principles, which indicates that they must have suffered significant losses in the past regarding these matters. After achieving cognitive growth, they can still accumulate large funds in the cryptocurrency world without resorting to the above gambling methods. Would you call that luck? Most people in the cryptocurrency world have only 'once made money' because their ways of making money are limited to the above points, and naturally, they will also lose because of them. — Excerpt from an article by Uncle Cai
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