Halfway through 24 years has passed in the blink of an eye. In fact, very few retail investors in the cryptocurrency circle have made money, and most people are actually losing money, both spot players and contract players. Moreover, the first quarter of 24 was still a bull market, but most people did not make money, not to mention the volatile market in the second quarter. In fact, very few people made money.
In fact, this is an unsolvable answer, because in the cryptocurrency circle, only a very small number of retail investors can make money, and every retail investor thinks that those people are him. This may be the survivor bias!
1. Not making money from trends:
Most people agree that making money requires making money through trends. Whether it is spot or contracts, it is the same. Trends are king. Retail investors do not need to wait for the market every day to make money. One wave of trends may be enough to make enough. However, most people do not understand trends and do not know how to analyze large-scale trends. In other words, most people cannot see that the market is the bottom when it is at the bottom, and dare not chase it when it starts. In fact, they just don’t understand how to judge the trend.
2. Unable to grasp the rhythm of the bull market:
In fact, to put it bluntly, they don't know how to analyze the market through large cycles. Many people are always stuck in the hourly or daily lines and cannot extricate themselves. If they want to grasp the rhythm of the bull market, they must learn to analyze the market through large cycles, that is, weekly and monthly lines. Looking at the market through large cycles is like standing on top of a maze to find the rhythm, while small cycles can only keep hitting walls in the maze. If they want to get out of the maze, they need to grasp the rhythm through larger cycles and not be affected by the ups and downs of small cycles.
3. Will not escape the top:
Selling when the market is crowded is easy to say but difficult to do, because at the top, the emotions of retail investors are basically out of control, and many people understand this principle and can see clearly that good news is coming out frequently at that stage, and retail investors are excited. But no matter how clearly retail investors see it, it is useless, because the dog dealer will pull up after you sell, and keep falling and rising, repeatedly washing at the top for several months. In fact, few retail investors can really withstand it. In the end, they will be deeply trapped. Basically, the money earned in the rising stage will be cut off by the dog dealer in the end. It is cruel, but very realistic. #BTC