Grasping the timing of buying and selling, as well as selecting the currency, are three crucial links in investment. They are interrelated and indispensable.
If you find yourself in a loss state because you failed to buy at the right time, it means that you made a mistake in judging the timing of buying.
In the face of problems, we should not choose to wait passively, but actively look for solutions and strive to turn losses into profits, rather than choose to give up.
At present, the most critical thing is to judge whether the market has reached the top and determine the time to sell. If you can't accurately judge when to sell, you can't make full use of the entire market.
Does the selected currency have real value, do you have a deep understanding of it? Are you confident in it and can foresee its potential for future growth?
If you choose a currency just because it has performed well in the past or is a hot topic in the market, then you need to be extra careful.
When an ordinary retail investor, or even an investor who often loses money, recommends a currency to you, it may be a dangerous signal and must be treated with caution.