Investing in the cryptocurrency circle: The secret from a vicious cycle to wealth accumulation

In the cryptocurrency circle, some people are getting deeper and deeper into it, the poorer they are, the more they speculate, and the poorer they become; while some people can jump out of this vicious circle and steadily accumulate wealth. The key behind this is actually the balance between needs, desires and abilities.

Many people enter the cryptocurrency circle with the original intention of making money, especially the desire to get rich overnight. But often, this strong desire makes them ignore the risks, choose highly volatile currencies, and invest heavily or even leverage.

Once the market is unfavorable, the principal will decrease rapidly, and they have to take out more funds to cover their positions, resulting in a decline in the quality of life and falling into a vicious cycle.

To avoid this situation, we need to look at investment rationally. Use funds that do not affect life to enter the cryptocurrency circle, choose stable currencies, and hold them for the long term.

In this way, even if the market fluctuates, it will not have much impact on our lives.

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