Is it really difficult to make money in the cryptocurrency world?
I actually think it's not that hard. The people in the crypto world study candlestick charts every day, follow news, and stare at the market until midnight, but when the bear market comes, they all return to their true selves. I know an even more extreme sister who, in 2017, didn't even know how to buy cryptocurrencies, so I helped her buy 10 bitcoins, and recently at the peak of the bull market, she asked me to help sell all of them. Now she drinks afternoon tea and flaunts her Hermès bag every day. Knowledge about trading cryptocurrencies? She doesn't even know what the Bitcoin white paper is!
This is quite strange; the secret to making money in the cryptocurrency world can be summed up in six words - buy in a bear market, sell in a bull market. But why do 90% of people lose money? Let me tell you a true story: Last year during the bear market, I told a friend to hold some Ethereum. He watched the market every day, and when it went up 5%, he shouted, 'I'm going to break even,' and when it dropped 3%, he cursed the whales for cutting the leeks. In the end, he bought in at $3000 and sold at $1800, and now he regrets it deeply.
In fact, compared to stock trading, the cryptocurrency world is like an open-book exam. You can close your eyes and buy the top five coins; in a bull market, they can easily multiply by seven or eight times. But human nature is hard to resist! I've seen the most ridiculous friend who held Dogecoin in 2020 and made 200 times profit but didn't sell, and later when it dropped to 30 times, he panicked and sold - just because he saw a fake news about 'Musk being investigated.'
To be honest, if you want to get rich in the crypto world, there are three tips: 1. In a bear market, choose leading coins like Bitcoin and Ethereum. 2. Memorize your wallet password and then uninstall the app. 3. When your friends start discussing coin prices again, directly cash out and buy a house. But even with these three points, 99% of people can't do it. Why? Try watching your account fluctuate by hundreds of thousands every day and see if you can still sleep peacefully.
Rather than stumbling along in the dark alone, it's better to catch the wings of the strong, let experience pave the way for you, and follow my pace to see a different circle.
Focus for the day: OM SUI SOL FUN BTC
