Warning corner: Nowadays, I receive hundreds of emails every day complaining about all the money my parents sent me for school, or the money they saved to buy milk for their wives and children's medical treatment. Some people sell their houses and fields to go all in, both men and women!
- When the cryptocurrency market is heating up every day since President Trump was elected and promised to put BTC into the national reserve assets, the happiest country in the world Bhutan also put 1/3 of its GDP into BTC following El Salvador, now even the fishmonger or the motorbike taxi driver on the street are talking about BTC 90k$ or 1 bit worth more than 2 billion, so the number of people losing money in this market is even higher!. Why they lost, see below to see clearly:
+ First, you lose money in this market when the fomo market is all newbies (long-term loss), no experience, one skill makes a living, you are doing another job, different knowledge, you see people making money in this field, so how can you jump over? A carpenter sees a good land broker and jumps over, how can he be as good as someone who has been trading for many years? An iron welder sees a good stock market and jumps over to play, how can he when he doesn't even know how to register to open an account?
+ Second: from the first consequence of lack of experience, knowledge and experience, these people listen to multi-level marketing companies or organizations that raise capital in the form of "Digital Money", which is actually a money-collecting game, promising to pay high interest rates, so they put all their money in here (with the hope of easy work, high salary, no need to do anything, someone will do it for them and pay them interest)! and they run away! Oh my, what digital money can you buy with the promise of interest? INVESTMENT is profit and loss, you can withdraw money or buy it whenever you want, that's the digital money floor, but if you put money in fraudulent companies, you can't withdraw it if you want, so why are you calling it digital money investment?!
+ Third: If you think you can earn 10-20 billion/day, it doesn't mean you can do it! Why? You have to understand the math: for example, if I have 100 billion, then every day in the uptrend market, I only need to profit 10%/cryto to earn 10 billion/day! What about you? You have 100 million, if you want it to go up to 1 billion, it has to be x10 times! Even if you want it to go up to 200 million, it's x2! Too difficult, you're new, you know which coins go up and which ones go down, so you buy to x2 or x10? You think buying BTC is the safest, but 100 million to buy btc is nothing, because 1 bit now >2 billion, if you buy it, you won't make much profit, so you look for another way, which is back to the second reason above!
- That, that's why since Hong Kong
I posted a status saying that any boat that goes far will return to shore, when btc was only around $57k, but now even though btc is up to $90k, you guys are still empty-handed! It should have been x2! If it's not x2 and you're still losing money, that's the 3rd reason above!
- Finally, I repeat, do well in the job you are doing, don't stand on this mountain and look at that mountain. When you do well and become the top in the industry, you can easily earn the amount of money you want. Don't be greedy to get rich quickly or in just 1 or 2 months!
- P/s: In item number 3, I used the example of having 100 billion and earning 10-20 billion/day as just an EXAMPLE to make it look fancy, guys, running around to make ends meet makes my mouth stink 🤣😅