Dear family, the cryptocurrency market is like a seemingly treasure-filled deep sea, but it actually hides countless whirlpools and reefs. Here, losing money is as easy as flowing downstream; making money, however, is as difficult as swimming upstream.
In the world of cryptocurrencies, there is a harsh reality: to go from 1 to 2, the increase needs to be 100%, but to go from 2 to 1, a drop of only 50% is enough.
Take BTC and ETH for example, their current upward momentum is obviously insufficient, and most people do not have enough patience to wait for them to explode again. Examples like SHIB, which create miracles overnight, are extremely rare and hard to come by.
In fact, over 99% of projects in the cryptocurrency market are purely single-player scams. Those claiming to be 'high-quality projects' or 'conscientious project teams' mostly follow the A-shaped route.
When the project is on the rise, most people are reluctant to leave the market, always thinking it can go even higher, insisting on holding onto their coins.
But in reality, the project team has long made a fortune and walked away. They occasionally announce good news just to attract more unsuspecting investors, while you naively think they are still working hard for the project. In the end, most people's experience in cryptocurrency ends up with them losing everything.
Only a small number of people who have insight, luck, operational skills, and strong self-discipline can make money in this market. In my opinion, making money in the cryptocurrency market truly requires fate. Once you lose everything, don’t throw another penny into it.
The current cryptocurrency market is very different from before; now shorting may be wiser than holding coins. In the past, everyone often said to hold coins, but now holding coins is like remaining a widow, with little chance of a good outcome.
For some good projects, you can hold coins appropriately in the early stages, and when the rise reaches a certain stage, you can consider shorting later.
In fact, in the end, playing with cryptocurrencies is not about investment experience, but about human nature. Fear and greed are like a pair of demons, constantly influencing our decisions.
If you can't control these two aspects of human nature, you can't navigate the cryptocurrency market at all. I believe that before entering this market, the first thing to learn is not investment methods, but to train your own humanity.
You can try not to buy any coins for a month, then buy just one, and sell it decisively when it rises; don't be reluctant. Then stay in cash for a month, and repeat this cycle for six months. If you can do this, you will have the basic conditions to play with cryptocurrencies. But to be honest, very few can achieve this.
Dear family, the cryptocurrency market is a place full of temptation and hidden dangers. If you want to get a share of the pie here, you must first cultivate your own humanity.
Follow me, and I will continue to share more valuable insights and guides on avoiding pitfalls in the cryptocurrency market, helping everyone navigate this complex market and find real opportunities for profit together!
