Recently, everyone must have heard stories of people easily making millions every day, making themselves feel itchy inside.
Some of these are true, and I won't deny that.
There are so many people in this circle, there will always be some lucky ones.
After making money, did they leave the scene or continue playing in this circle? If they left, then they truly made it; if they are still playing, then the wealth they have is only temporary, even like a moon in the water or a flower in the mirror.
The way lucky ones make money is mostly through high-risk investments, but luck cannot always accompany them; as soon as they make one mistake, it's basically all gone.
This is the cruelty of the cryptocurrency world.
High returns are certainly tempting, but the risks behind them are often overlooked by many newcomers.
In a bear market, you can't really lose too much, because most people hardly pay attention to the cryptocurrency world and won't throw money into it. However, in a bull market, as long as you put money in every day, it can turn into more money; almost no one can resist such temptation.
Therefore, I see countless people taking their savings and putting them into the cryptocurrency market, hoping to get rich.
And during extreme euphoria, they can't bear to leave, because leaving means they earn less.
Greed will be infinitely magnified.
When the bear market arrives, suddenly there’s a 20-30 point crash, leaving them stunned.
Then they get stuck, continue to drop, almost losing all their principal, and in the end, they have to cut losses, leaving the cryptocurrency world with scars.
The next bull market will be another cycle.
Newcomers come in one after another, endlessly.
Any investment market must thank the newcomers; without them, this game cannot continue.