Why is it difficult for most people to make a profit in the cryptocurrency circle?
1. Some novice traders have weak foundations, limited knowledge, and lack a deep understanding of the market. They can only stare at the market and follow the trend, frequently chasing ups and downs, and often fall into a cycle of continuous stop losses.
2. Many people have been in the cryptocurrency circle for many years, but have not seen real growth, because they have never dug deep into the real logic behind profits and losses.
3. The cryptocurrency circle is more like a gamble. Most people just blindly follow the trend, and occasionally making money is just luck. There are very few people who really have the right strategy and logic.
4. Impulsiveness and radicalism are the two main culprits of losses in the cryptocurrency circle. Many people fall deeper and deeper because of lack of self-control, but they don't know how to reflect and change.
5. The difficulty of changing the loss state lies in that you have to have the vision and method to foresee the future, and this requires continuous learning and practice. But many people are used to standing still and are unwilling to step out of their comfort zone.
6. The information in the cryptocurrency circle is complicated and it is difficult to distinguish between true and false. Most people lack the ability to screen and discern, and are often led by all kinds of false information.
7. Learning about investment is a good thing, but blindly listening to the opinions of various "experts" will make people more confused. Without your own judgment, you will learn whatever you see and will be doomed to fail.
8. Relying on gossip to trade contracts is like gambling. Without careful consideration and investigation and verification, the result will naturally be more losses than wins.
9. Investing without understanding economics is like driving without looking at the road. When the market takes a major turn, you may not even know how to overturn.
10. Some people suffer heavy losses because they are helpless in the face of major trends and lack the ability to conduct macro analysis and judge supply and demand. Always spinning around in the wrong methods, naturally unable to turn over.
11. There are thousands of strategies in the currency circle. The key is to find the one that suits you. For example, I am good at judging the general trend first and then finding the right buying and selling points. You don’t have to care too much about short-term fluctuations. The key is to keep the principal and wait patiently for the opportunity to come.
