In the cryptocurrency world, these types of people are bound to lose:
1. Complete beginners: Relying on luck to buy doubling coins, but losing it all through lack of skill! Beginners like to go all in and chase rising prices while selling off in a panic, completely unaware of what position management or take-profit and stop-loss strategies are. They are always fully invested and always in tears. Newcomers are advised to touch cryptocurrency less and observe more with minimal trading!
2. Small fund players: Wanting to make millions with just a few thousand USDT? Although it is indeed possible to turn a few thousand USDT into millions in the crypto space, most of it relies on the primary market and contracts for wealth creation. It is very difficult for small funds to achieve high returns through the secondary market; they must take on high risks associated with contracts and the primary market. But remember, only a very small number will succeed! It's better to observe more and do less, and be more rational.
3. Crypto infants: Pretending to know while actually not understanding, yet enjoying being spoon-fed. They complain non-stop every time they lose a little money and their mindset collapses. This type of person is basically unlikely to make money; with a poor mindset, they are destined not to go far, and they can't hold onto even small profits, so how can they talk about investing?
4. Stubborn people with hands full of altcoins: Those who never touch BTC, ETH, or BNB, only holding altcoins, face extremely high risks. While Bitcoin may rise slowly, it is stable. Altcoins may rise quickly but can also drop harshly, and what awaits them in the end could be delisting announcements from exchanges. In the crypto world, stability is key to going further.
The cryptocurrency world is a process of survival of the fittest; to survive, one must constantly improve oneself and keep up with market changes!
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