🚨To be honest, the current cryptocurrency market is just a harvesting machine for retail investors. Here are a few painful lessons:
1️⃣ Playing long-term, the number of winners is even less than in a casino.
In the short term, some people make money, but over a longer time frame, 90% of people lose money after a year, and almost everyone loses after five years. The ones who really make money are those who take their profits and leave, but most people can't bear to leave and end up getting trapped.
2️⃣ The more groups you join, the faster you lose.
You think that seeing more news makes you safer, but it only makes you greedier and more fearful, and your emotions are easily manipulated. It’s hard to speak the truth in the groups; it’s all voices that follow the emotions. The more you look, the more chaotic it gets, and the more mistakes you make.
3️⃣ Watching too many influencers can actually make you more confused.
It’s not that they’re wrong, but you’re watching too many and can’t distinguish who is actually reliable. Not to mention you’re not strictly following any of their advice.
4️⃣ The reason you can’t hold on isn’t that you made the wrong judgment, but because you’re too afraid of losing.
Others can hold on because they are using spare money and can withstand floating losses. But you placed heavy bets, panicking when prices drop and getting greedy when they rise, and as a result, you end up getting completely harvested after a wave of fluctuations.
Those who can consistently make money rely on three things:
• A stable source of off-market income, not relying on a single bet
• The ability to withstand volatility, maintaining a stable mindset
• Understanding the larger cycles, not being misled by short-term fluctuations
Remember: Stop joining groups randomly!
Most people in the groups only amplify emotions, and the more you look, the more impulsive you become, ultimately becoming a victim without realizing it.
Your losses aren’t due to a lack of understanding, but because you don’t have financial buffers, your mindset is too heavy, and you want to “make money fast.”
One last thing:
Those who truly understand the market never shout “Get in quickly” in the groups—because they know that’s when it’s time to get out.
By the way:
• Elon Musk's dog Doge has a market cap of 40 billion,
• Trump's dog Conan has a market cap of 10 million,
• CZ's dog Broccoli has a market cap of 60 million.
This year is still the era of Dogecoin!
I choose Trump's Conan, with a smaller market cap and greater potential for growth!