How deep the waters of the crypto world are depends on the investor's own abilities. When entering the crypto world, first, you need self-control; second, self-learning ability; third, discernment; and finally, focus. With these abilities, the waters of the crypto world are not deep at all. Without these abilities, the waters are indeed very deep.
First and foremost, you need self-control. This is the most essential ability when entering the crypto world. Many people dive straight into contracts, which can be done, but only with small amounts, just to get a feel for the market. The vast majority of those who think they are smart and skilled ultimately fall into the trap of contracts. Contracts may seem fair, but they are actually the most dangerous. The risks of contracts are immense, regardless of how skilled a trader you are; the end of contracts is always destruction. Ultimately, you will end up donating to exchanges, so stay away from contracts and gambling.
It's not that you can't trade contracts; you can only do so with a small amount of funds to feel the market conditions. For most 'chives' who are quick to go all in, this is really hard to achieve. It tests a person's self-control. The crypto influencer Liangxi is a good example; with a few thousand yuan, he made tens of millions during the 519 event, but later he couldn't extricate himself, always claiming he would turn things around but never managing to do so.
Good self-control is also reflected in not participating in Ponzi schemes or disguised MLM projects. Moreover, one should not engage in contracts; neither of us are prodigies. For most investors, not going all in on contracts is indeed hard to achieve, not because the technical aspects are difficult to grasp, but because human greed is hard to control. If novices avoid any contracts and patiently wait for significant market drops to accumulate Bitcoin and Ethereum in spots, it would be genuinely hard to lose money.
Once again, you need the ability to self-study. When entering the crypto world, you must self-learn basic knowledge, such as how to deposit and withdraw funds, what distributed storage is, decentralization, private keys, public chains, layer 2 public chains, cold wallets, isolated witnessing, etc. Only by doing this can you become a qualified investor. What do we call an unqualified investor? As Li Xiaolei once said, that’s called an SB.
Entering the crypto world also requires a wide range of knowledge: understanding politics, knowing English, understanding human nature, building teams, understanding economics, finance, projects, operations, coding, management, tracking, K-lines, market makers, auditing, contracts, quantitative analysis, mining, liquidity pools, and market making.
Again, you need discernment. In the crypto world, you need to deal with some of the most complex individuals among all human circles, and you must have a keen eye to avoid air coins, junk coins, 'chives' coins, fundraising coins, avoid trash projects, phishing airdrops, telecom fraud, and institutional blowups.
Scammers will also use copy trading to exploit novices, which is not only efficient but also reduces some legal risks. The decisions are made by novices; when they lose money, they realize something is wrong, but the hidden tricks are without evidence, leaving them to suffer in silence. This scheme has already trapped many people. If novices see this, they should develop discernment and stay away from similar traps.
Lastly, focus is key. Upon entering the crypto world, you must learn to concentrate. There are too many projects in the crypto sphere, with thousands of coins, plus mining, airdrops, inscriptions, lending, primary markets, secondary markets, spots, leverage, and contracts. The various ways to play are endless. Trading occurs 24 hours a day, 365 days a year. The cryptocurrency market is ever-changing. Newcomers can easily become confused when they enter the crypto world. A person's energy and time are limited; they can only focus on one aspect for development. When newcomers try to do everything, they end up doing poorly in all areas; the more they dabble, the quicker they fail. This month, a fan asked me if I had tried inscriptions; I replied that I only knew about it but didn't know how to execute it. The fan then said, 'You study the crypto world every day, what exactly have you researched?' I could only say that my personal energy is limited, and I haven't had time to study inscriptions.
I focus primarily on layer 1 public chains, layer 2 public chains, DYDX, and meme coins. I use the main funds for long-term accumulation in spot markets, while small amounts are used for leverage to practice market feel. Next month, I also plan to practice low-leverage contracts with small funds.
How deep the waters of the crypto world are; those who have drowned in it will have more insights. Recalling the 94 incident in 2017, the 312 incident in 2020, and the 519 incident in 2021, the memories still linger. A small portion of people succeeded, but most fell into the trap. Ultimately, the crypto world became a graveyard for investors, with many years of effort going down the drain. Although the crypto market is perilous, there is genuine warmth in the world.
For newcomers wanting to participate in this market, it's simple. Just start by regularly investing in mainstream projects or lurking in potential, relatively reputable projects, or participate in top projects to understand the process. A small amount of capital can be used to play with altcoins or popular coins to feel the market's frenzy.
For most people, the crypto world is very deep; for contract gamblers, it is deep; and for so-called 'teachers' who lead novices to their doom, it is also deep.
For most newcomers, the crypto world is very deep, but it remains the strongest pathway for ordinary people to earn money in today's society. The fundamental reason is that the blockchain industry is a sunrise industry that will replace many existing financial industries.
15 Essential Survival Rules in the Crypto World!
First Rule: Protect your capital to survive in the market for the long term. Capital is your lifeline and must be safeguarded! Many people neglect risks in pursuit of high returns, ultimately suffering significant losses.
Second Rule: As long as you are not greedy, making a profit is actually quite simple. Maintain a stable mindset; earning a little is often easier for accumulating wealth.
Third Rule: Focus your investments, do not go all in, and act according to the trend. Avoid blindly diversifying investments and refrain from investing all your funds; adjust your strategy according to market trends.
Fourth Rule: Avoid heavy positions, don't hold on stubbornly, trade less. Control your position, don't stubbornly hold onto losses, moderate trading is sufficient.
Fifth Rule: Enter calmly, exit decisively, and set stop losses resolutely. Do not rush to buy; when selling, act decisively, and strictly enforce your stop-loss line.
Sixth Rule: The market's profits are infinite, but losses can be limitless. Don't be greedy for money that can never be fully earned, but remember that losses can exhaust everything.
Seventh Rule: Once a stop loss is triggered, exit immediately. Stop losses are a protection for your account, and there should be no hesitation.
Eighth Rule: Long-term and short-term, securing profits is the safest strategy. Whether engaging in long or short trades, the ultimate goal must be to secure profits.
Ninth Rule: The unchanging truth in the market is that extreme conditions will reverse. Whether it rises or falls, there is always a limit, and it will inevitably reverse.
Tenth Rule: Don't trade without opportunities; missing out is not terrible. Don't force yourself to seize every opportunity; capturing a portion is already enough.
Eleventh Rule: Waiting for the right opportunity is more important than acting blindly. Do not rush to find trading opportunities; patient waiting is more beneficial.
Twelfth Rule: Stop trading after reaching your goals and conserve your energy. Don't be greedy; exit timely after achieving your daily objectives to reserve energy for the next trade.
Thirteenth Rule: Stop losses are set by yourself; profits are gifts from the market. Stop losses are an investor's responsibility, while profits are the market's reward.
Fourteenth Rule: Wealth comes from waiting, not from frequent trading. The best investments are often gained through patient waiting, rather than constant trading.
Fifteenth Rule: When your mindset is fragile, strictly executing your strategy is most important. Desires can easily go out of control during trading; only by strictly adhering to your strategy can you achieve unity of knowledge and action.
If you are blindly guessing trends in the market alone, but always end up with the opposite result! If you lack technical and news support, only looking at the decline rankings and popularity rankings to make trades! Then it won't last long. Like and follow, screen panic 199, make one or two trades every day, and take profits when they arise.
#美国加征关税 #交易心理学
