Will the rise and fall of the cryptocurrency circle really scare people to death?

I have read many answers, whether it is the case of a friend of mine or my own case, whether it is getting rich or going back to zero.

The general consistency is

Those who advocate or belittle contract trading or spot trading have written thousands or tens of thousands of words, but have never mentioned any trading ideas. If you ask them why they dare to go all in on this coin, why they dare to go short or go long, I dare say that almost without exception they will say it is based on their feelings.

However, market sense is a skill that senior traders can accumulate after countless practices. You just stare at the daily chart and feel that there is some profit. After a while, open a position, and finally get rich and advocate that blockchain is the future, or if the position is liquidated, criticize blockchain as a scam.

It can be seen that there are so many leeks in this market.

Experienced traders know how to track smart wallets, how to distinguish dog-bank wallets, and how to look at trends. For example, major positive news such as the imminent approval of ETFs similar to ETH generally indicates a wave of pull-ups. They know how to specify short-term strategies, medium- and long-term strategies, do a good job of risk hedging, position management, set stop-profit and stop-loss, and make money by mathematical expectation.

Leeks only go all-in based on their feelings. They don’t know how to escape the top when they make money, and they don’t know how to stop losses when they lose money.

There will be a wave of plunges before each wave of pull-ups. Even a volume like BTC can be smashed down by a few points by spot trading, not to mention other copycats. Some coins can be traded with a few ETHs. This operation is not for anything else, but to cut the leeks cleanly, so that you will leave in frustration, and then it will be the turn of those who know the business to make money.

There is really no cognitive foundation. I won’t be jealous if you make ten times or a hundred times. As long as you can still play in this circle, you will definitely lose it back.

If you want to dig deeper into the cryptocurrency circle but can't find a clue, click on the avatar to find me. More operation strategies will be shared in more detail in the 10,000-person fan group.

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