Although 90% of investors in the cryptocurrency market face losses, only 10% can break even or make a small profit. Are you 90% or 10%?
This reality has not stopped the influx of new investors. There are several reasons behind this:
1️⃣ New investors usually suffer losses due to their lack of understanding of the market, which can be regarded as the "tuition" they must pay in the learning process. Secondly, contract trading is prone to losses for both novices and veterans due to its high-risk nature. However, veteran investors stick to the market because they have accumulated valuable experience and keep the dream of making a financial leap through the cryptocurrency market.
2️⃣ New investors are attracted by success stories in the market. They hear that some people have made huge profits through cryptocurrencies, or that some currencies have achieved amazing gains, which motivates them to enter the market. There are indeed some currencies in the market that have achieved hundreds, thousands, or even tens of thousands of times in value in a short period of time, but the number of investors who can really make substantial profits from them is limited.
3️⃣ There are usually two ways to get rich in the cryptocurrency market - relying on luck or studying the market in depth. Senior investors gradually improve their cognitive level through long-term market observation, experience accumulation, learning and reflection, thereby increasing the possibility of success. Dreams, hopes and the pursuit of success drive investors to continue to join and stick to this field, even though it is full of risks.