Who are the people losing money in the crypto world?
There are several types of people who will definitely lose money trading in the crypto world! Be careful, don’t fit into these categories!
First, pure novices, who jump in with 100x contracts, make a small profit and then lose everything. They rely on luck to invest in some x-fold currency, but then lose it all! They only know how to go all in, chase prices up and down, completely unaware of what position management means, or what taking profits and cutting losses means, always fully invested and always emotionally overwhelmed!
Second, small fund players, for example, if you only have a few thousand USDT! Want to make a million! There are indeed cases where a few thousand USDT can turn into a million, but most are through the primary market and contract wealth creation! Small fund players who choose the wrong track find it hard to achieve class leap, if you want multiple returns with small funds, you definitely cannot choose the secondary market! The secondary market cannot provide you with hundredfold returns! High multiples can only come from the primary market and contracts! But the risks in both contracts and primary markets are also immense; those who can emerge from these two tracks are extremely rare! Observe more, act less!
Third, the crypto world’s giant infants: those who know nothing, need to be spoon-fed, and even want to be praised for what’s fed to them! These people are basically destined to be far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you for a few years! The giant infants in the crypto world like to be spoon-fed, and those who lie flat waiting for service! They have a poor mindset, only wanting to profit, but when they lose a bit they start complaining! They are destined not to last long! A bad mindset basically leads to all nonsense!
Fourth, stubborn ones, still holding a bunch of altcoins, never touching BTC, ETH, or XRP! These people have extremely poor risk tolerance! They all know BTC is expensive, and think altcoins are cheap with higher potential gains, but similarly, they can also drop drastically! Although Bitcoin rises slowly and is expensive, it is relatively more stable compared to altcoins; many people holding altcoins may end up waiting for an announcement of delisting from exchanges!
