99% of people can't make money in the cryptocurrency market?
Uncover the three major pitfalls and teach you the secrets to turn things around!
Why is it that 99% of people in the cryptocurrency market can't make money? The truth is here, it's all because of these three major traps!
First major trap: Emotional turmoil
Did you know? Once a person is controlled by emotions, it's easy to make big mistakes in the cryptocurrency market. For example, when seeing the price drop, they panic, fearing more losses, even starting to doubt their life choices. If they lose money, they can't sleep well at night, regretting it terribly, feeling they shouldn't have meddled. If they occasionally make some profit, they think they are investment geniuses, feeling euphoric and believing they can become rich immediately. These emotions are like a fog, making it hard for us to see the truth. In fact, price fluctuations are normal; short-term volatility doesn't really mean anything. But we easily overthink, exaggerating losses and treating small profits as our own skills, ultimately getting led astray by emotions.
Second major trap: Surface-level observation
Many people in the cryptocurrency market focus only on superficial things, like price fluctuations and various rumors online. These may seem lively, but they are utterly useless. The market is like a shadow play; if you only look at the shadows on the screen, how would you know what the people behind the scenes are up to? To make money, you can't just follow the price; you need to understand the broader direction, otherwise, it’s just a waste of effort and money.
Third major trap: Misleading environment
The cryptocurrency market is truly a place where one can lose themselves. It magnifies people's greed, anger, fear, ignorance, and self-importance. Many people, once they enter the cryptocurrency market, become just like those around them: all they think about is making big money, without considering the risks. After buying cryptocurrencies, they hope for a surge every day, without caring about basic logic or fundamentals. They also expect others to provide free answers, unwilling to invest time in learning themselves. These thoughts are all influenced by the environment. In reality, whether in the cryptocurrency market or the real world, success requires investing time, energy, and thought into learning and accumulating knowledge. You can't always think about taking shortcuts; that's unrealistic.