Eight heart-wrenching truths to tell you how to navigate the crypto world:
First, it’s no longer 2017 when random altcoins were flying around; those in suits from Wall Street have entered the scene. Want to make a few dozen times your investment with a copycat coin? Dream on; even a coin that can increase fivefold is a treasure from the ancestral grave, as big institutions have already devoured the profits.
Second, new coin private placements seem like easy money, right? Those who lure you into the trap won't tell you that 90% of projects end up being worthless tokens. Even if they get listed on a third-rate exchange, those big influencers have long made their profits under the table, while still fooling you with "holding the vision."
Third, playing contracts with a full margin may double your investment in one go, but more likely, you’ll wipe out in a night. True experts are like ants moving houses, they add to their position after making 10% profit and snowball it, not gambling-style all-in.
Fourth, college students, don’t skip classes to watch the market; if you’re 25, learn a skill quickly, and if you’re 30, focus on keeping your job. This industry is harder than getting into Tsinghua University; don’t expect to make money without five years of practical experience, and you won’t survive three months without an income.
Fifth, those who flaunt contract profit charts in their social circles may have lost money on nine out of ten trades. It’s just like those micro-businesses getting luxury cars, specifically designed to bait newbies like you.
Sixth, those who play contracts usually end up losing everything; nine and a half out of ten can’t escape. Making ten profits isn’t enough to cover one loss; I’ve seen too many people driving BMWs in the morning and cramming into subways in the afternoon.
Eighth, spend more time with seasoned traders who have lost money; you’ll avoid the pitfalls they’ve stepped in. For example, "borrowing money to invest in coins" and "holding onto a margin call" are these self-destructive actions, sound familiar?
Confused brothers can ask me; I will share everything I know, exhaustively.
Focus today: OM SUI SOL FUN BTC
