In the cryptocurrency circle, losing money is quite common, mostly because of insufficient investment knowledge and unstable mentality.
Let's take a look at the three major reasons for "falling into the pit" and how to climb out:
1. Cryptocurrency speculation is not just about guessing the rise and fall, you have to understand how the market works and when to increase or reduce positions. You have to learn more, make a long-term plan, and don't buy and sell blindly.
2. When greed comes up, you will be jealous when you lose money; when you are afraid, you will panic, and you will lose more when you operate randomly. You have to learn to be calm and don't let your mood take away your money.
3. When making money, you know when to stop, and when losing money, you must also set a bottom line. Set a good profit and leave, and stop when you lose, and don't fight.
You have to be patient and smart when speculating in cryptocurrencies, and don't run around with hot money. If you want to make money, learn to manage your wallet first.