In the cryptocurrency world, 80% of people hope to make a profit, but usually they need to go through three stages:
The first stage is the experience stage, which is characterized by the possibility of making some small money, but also the possibility of large losses, or the money earned will be lost in the end.
The second stage is the period of consolidating beliefs. In this stage, investors will make some small money, get in touch with new things, summarize lessons learned, and gradually form their own operating rhythm.
The third stage is the critical period for achieving financial goals. In this stage, strategy, timing, discipline, and luck may gain relatively considerable wealth.
There are very few people who can succeed and exit in the first stage, and more people may not be able to stick to the end because of the depletion of capital. It is not easy for people to persist in this process.
In an upward market, everything looks promising; in a downward market, everything seems less reliable. Therefore, when information is flooded, it is best to stay calm and avoid rushing to operate. Improving your mentality, judgment, and concentration is the key to long-term success.