From Profit to Loss: My Painful Lessons in the Cryptocurrency Market

A few days ago, I made a bold decision and invested a portion of my savings into cryptocurrency. At first, wow, it was exhilarating, and I actually made some money. But not long after, the gains flew away, and everything I earned was given back. After some reflection, I realized the issues were due to a few points:

1. If you only have a superficial understanding of something, you might temporarily make some money, but in the long run, you will definitely give it all back. If you are lucky, it’s just wasted effort; if you are unlucky, you could lose everything. Don't always think about making big money, or you might end up losing even your initial investment.

2. Patience is incredibly important when trading.

3. There must be rules; don’t rush in just because of the fear of missing out (FOMO). You need to stay calm and wait for the right moment to act.

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