People often say: 'A day in the crypto circle is like ten years in the human world. Ten years of working ends up empty, but one year in the crypto circle can make you rich!'
But is that really the case?
Indeed, the opportunities to get rich quickly in the crypto circle are more than in traditional industries, but the hidden risks are equally enormous! Many people are just following the crowd,
Or when you see friends around you making money, you blindly follow suit and go all in. However, the low barriers to entry lead more people to harbor the fantasy of 'getting rich overnight,' while ignoring the importance of risk and understanding.
As a senior player who has worked in the crypto circle for many years, I have summarized
(Top Ten Truths in the Crypto Circle) Ten, hoping to help everyone recognize reality, avoid detours, and participate rationally.
Truth 1: You may think a certain altcoin has the potential to increase by 100 times, but the reality is that 99.99% of altcoins will ultimately go to zero.
Insight: Conduct thorough research and choose projects with value and ecological support; don't blindly chase high prices.
Truth 2: When a project is heavily promoted as a 'money-making opportunity,' it is likely that it has reached the point where the big players are offloading their holdings.
Insight: Learn to think in reverse, not to be influenced by market emotions, and to take profits in time to avoid becoming a bag holder.
Truth 3: When retail investors are generally panicking and feel that the market is about to crash, it is often a signal that a bull market is about to start.
Insight: The market's panic sentiment is a means for big players to accumulate at low prices; learn to identify bottom opportunities.
Truth 4: When you become increasingly confident in the rise of a certain coin and are ready to go all in, it often means that the big players are closing their positions and selling off.
Insight: Stay rational, do not blindly invest heavily, and learn to buy in batches and take profits.
Truth 5: You might think the win rate of contracts is 50%, but in reality, less than 10% can actually make money.
Insight: Contract trading requires extremely high position management, mindset management, and execution; do not be greedy and blindly leverage.
Truth 6: Most people see the big players as enemies, but true experts learn to dance with the big players and follow their lead.
Insight: Being on the right team is more important than individual effort; going with the trend can lead to greater profits.
I am Nezha, who has been deeply involved in the crypto circle for many years. If you can't understand the market in the past few days and miss the opportunity, feel free to leave 555, and I will help!
