Who are the people losing money in the crypto market?
In the crypto market, most of the people losing money fall into two categories: one is unable to hold on, and the other is unable to let go.
When they make money, many people feel uneasy; as soon as they see a bit of profit retreating, they panic and want to withdraw after making a small profit. The result is often that they make little while losing a lot. Some people even have a high win rate, winning seven or eight out of ten trades, but overall they still lose money. Why? Because they can't hold on, they take a little profit and run, only to lose on one trade what they made on several others. Thinking of making money in the crypto market this way is tough!
The other kind of person is unable to let go, unwilling to cut losses. Even if they win nine out of ten trades, as long as one goes wrong, they refuse to let go. Sometimes, if they hold on, the market might come back, but if they encounter a one-way market, the result is often a liquidation, losing everything. This situation is too common in the crypto market. Many people are unwilling to cut losses; when trapped, they search online for teachers to help them break free. There are ways to break free, but it also depends on the market conditions. If the market doesn’t cooperate, there’s nothing anyone can do.
The crypto market is truly a place of both love and hate. It can make someone rich overnight, but it can also lead to losing everything in a night. While contract trading has high returns, the risks are also significant. One must learn how to maximize profits while minimizing risks.
The test of a bull market is not just about the rise and fall of prices, but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the next potential tenfold coin! Guessing is not as good as seizing the opportunity! Like + comment, feel free to share.
