What kind of person can make money in the cryptocurrency world?
In the cryptocurrency world, whether or not you can make money is actually quite easy to see! Just look at the people around you in the trading groups, and you will find out what 'level' they are at:
Ordinary People: Emotional trading, staring at the market all day. These people can get excited discussing fluctuations of 1% or 2% for half a day, calling it a 'surge' or 'plunge'. ~ They are glued to the K-line chart, fearing to miss any slight fluctuation, and even arguing endlessly due to differing opinions. Their trading decisions are often driven by emotions, making them prone to impulsive decisions.
Experts: Have strategies, but still influenced by volatility.
When the market fluctuates by 10%-20%, their emotional fluctuations are significantly heightened, and states of anxiety or euphoria easily emerge! Their expressions and tone can reveal changes in the market, hesitating whether to increase their positions or sell off. No matter what plans were made in advance, once fluctuations exceed expectations, they find it hard to stick to their original strategy.
Top Experts: Calm and composed, know how to restrain themselves.
Top experts usually remain calm as if nothing happened after buying at the bottom. When the market crashes, they still maintain a tranquil mind; if it doubles, they only smile lightly. They control how often they watch the market; the less they watch, the smaller their emotional fluctuations. True top players are those who see through human weaknesses and understand how to balance their inner fears and greed.
What is the secret to success in the cryptocurrency world?
Learn to combat human weaknesses! People who stare at the market all day and are led by emotions find it hard to make rational decisions. Remember: emotions are dynamic, excited when prices rise and panicked when they fall. If you are dominated by emotions, you will never escape the cycle of 'buy high and sell low'.
True experts remain calm during significant rises in a bull market and hold firm beliefs during substantial declines in a bear market. They have strategies, goals, and can eliminate external distractions, sticking to their plans. Such people are the real winners in the cryptocurrency world!