In the cryptocurrency world, truly achieving financial freedom and compounding wealth is crucial, along with methods, techniques, and forming your own profit system!
Once mastered, the cryptocurrency world will be like your "ATM"; making money will be as simple as breathing!
After over 8 years of trading cryptocurrencies, my wealth journey can be summarized as follows:
The first ten million took the longest and was the most painful; the trading system was constantly reshaped and polished, taking a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million only took 5 days.
75% of the funds were earned in just half a year.
Let's talk about those who made money:
Firstly, they are definitely not contract players. None of the contract players I know are making money; even if they made money at some stage, the final result is still a loss. The essence of contracts is basically gambling, making money through probability. Of course, this is a bit more probable than betting on high or low, but it's basically similar. Those who make money in contracts are generally those who lead contracts in community trading. They have long realized that contracts cannot make money, so they go into contract-leading communities, where old investors cut the new ones.
Here's a piece of advice for those hoping to recover losses or make money through contracts: so many people who have lost money remain in the cryptocurrency world to recover their losses, but there is a harsh reality: most people cannot recover their losses, nor can they make money, especially those who want to recover through contracts are even more delusional. The few people who make money through contracts are like rare treasures, very few. Don’t fantasize about why you wouldn't be one of them. Honestly, if you think you can recover losses through contracts, you're really not cut out for it. No matter how much you lose, it's the same; even if you go bankrupt, you cannot recover through contracts. Therefore, I advise those who want to recover losses through contracts to quit contracts, in other words, quit gambling.
What should spot traders do if they are losing money?
First, if the losses are not substantial and the principal is still relatively large, meaning the principal and losses are balanced, then recovering the losses is relatively simple and easy, or if you only need to multiply by 5 to recover, that is possible. But the most important point is the buying point and selling point. If you are stuck at a high position, it will be difficult. Most people can make money when a bull market starts, or during the main upward wave of the bull market, but they lose money because they don't understand how to exit. After selling, during the main force's distribution stage, they repeatedly re-enter at high positions and get harvested. Therefore, for retail investors, the selling position is very important, but selling is not the most important thing.
The most important thing is that after selling, being able to hold cash and wait is something most people cannot do; it should be that 95% of retail investors cannot do that, which is the fundamental reason why most people lose money. If you can sell at a relatively high point and not be influenced by market analysts or various positive news at high positions, and insist on holding cash, then it is truly securing profits, and that is when you can truly make money.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion, and stuck positions, and let my strength speak. When you feel lost and don’t know what to do, follow Xiao O to find your direction.#BNB创新高
