Warning for Heavy Losses in the Crypto World! These 4 Types of People Should Really Be Avoided
Recently, I've seen many newcomers lamenting about losing money in the crypto market. In fact, many of the pitfalls are self-inflicted! Here are 4 situations that are most likely to lead to heavy losses; quickly check if you fall into any of these categories.
First Type: Reckless Newbies
1. Just starting out and can't even understand K-lines, yet they dare to trade high-leverage contracts!
2. They feel elated after making a few bucks, thinking "I’m so good at this," and then go all in with all their savings... And the result? Either they're wiped out by a sudden market correction, or they're stubbornly holding onto altcoins, ultimately not even understanding the platform's requirements.
3. A sincere advice for newbies: This market is deep; don’t rush to become “fodder”!
Second Type: Small Capital Players Dreaming of Striking It Rich
1. They have just a few thousand dollars and dream every day of turning it into millions...
2. They always think “mainstream coins are rising too slowly” and insist on investing in unknown first-market projects or high-leverage contracts.
3. But honestly, can small capital really multiply a hundred times? The high probability is not wealth creation but wealth destruction!
4. The risks in these sectors are absurdly high; very few can actually profit. It’s better to first understand the basic logic before diving in.
Third Type: Crypto “Giant Babies” Waiting to Be Fed
1. “Can I buy this coin?” “Should I sell now?” What if it drops?
2. They can ask 800 questions in a day, never do their own research, and just wait for others to spoon-feed them answers.
3. What’s worse is that they get ecstatic when it rises by 50 cents, but when it drops by a dollar, they lose their cool and start cursing...
4. Honestly, in investing, no one can cover your losses for you. Those who lose their temper have already lost at the starting line.
Fourth Type: Stubbornly Holding Altcoins
1. Fully invested in “low-priced small coins,” thinking “Bitcoin is too expensive and won’t rise,” while believing altcoins have “greater cheap potential.”
2. But have you considered? Altcoins can drop brutally! A 90% drop is considered mild; the harsh ones get delisted from the platform, making them unsellable...
3. Although mainstream coins rise slowly, at least they are stable! Holding onto them is much more secure than ending up with just a bunch of “air coins.”
Do you have friends like this around you? Share your experiences in the comments!
