Investing is a very risky thing, which tests your mentality, cognition, knowledge reserves, etc. A small mistake is enough to cause a loss, especially in the cryptocurrency circle, but many elderly people are still immersed in the illusion of getting rich through speculation. Playing with coins seems to have no threshold, but it has a very high threshold. The threshold to enter is not high, but the threshold to exit is relatively high. Today, I will talk about three types of people who are not recommended to invest in cryptocurrencies.
1. Bad mentality and no patience. People with bad mentality like to watch the market all the time, and Bitcoin is online 24 hours a day. Bad mentality is inevitable every night, which seriously affects normal life. The purpose of investment is to have a better life. Once it affects life, it is recommended to stay away from it, because if it goes up, you can't stand it. People with bad mentality are prone to complain and moody. Once they are controlled by emotions, they are prone to make wrong decisions, which leads to losses.
If you have no patience and want to enter the market today and double your money tomorrow, that's nonsense. Wealth needs to be accumulated. It takes 10 months to have a baby, not to mention cryptocurrency trading? Behind every coin is a project. Project development takes time. Otherwise, the price is too high, which is not necessarily a good thing. Slow work makes fine work. As long as there is no problem with the fundamentals, just hold on. But if you are impatient, it is recommended not to enter this market. Yes, there are many stories of getting rich quickly, true or false. Who knows if you are the one who will take over?
2. Not fond of learning, but eager to get rich quickly. Learning is a lifelong wealth. The same goes for investment. If you don’t learn the basic operating methods and the basic knowledge of the project, and always stare at the price, you think you can get rich quickly. To be honest, this is an illusion and even more self-deception. Without cognition, you cannot hold on, and naturally you cannot earn the dividends of the cycle. What’s more serious is that you may be fooled by the scammers in the market.
Any money is not easy to come by, especially in a bear market. How many people can endure that kind of torment? Many people see the prosperity but not the desolation. Who can understand when a person is drinking alone? Without continuous learning, you will definitely not be able to keep up and end up being thrown off the bus.
3. Entering the market with debt, eager to make a comeback. Countless novices, listening to the story of Bitcoin’s tens of millions, fantasize about being the next rich man, dreaming! What’s more, they want to make a comeback in the currency circle because other projects are losing money. They do not hesitate to cash out loans and break into the industry with murderous intent. The biggest characteristic of this group of people is that they are bold. With this characteristic, they can indeed make money in early projects, but times have changed. The development of the industry is no longer the barbaric era. Just by being bold, you will definitely be like a chicken!
For those who enter the market with debt, first of all, they have already lost in mentality. What will happen? It will be a mess. Money will not come in a hurry. Investment mentality is the first. Without a good mentality, it may not be a bad thing to work honestly. As mentioned earlier, once there is a problem with mentality, it is difficult to guarantee decision-making.
People who have any of the above three characteristics are not recommended to play with cryptocurrency. In addition, don't chase hot spots, because sometimes hot spots are big pitfalls.
