99% of people can't make money in the cryptocurrency market during a bull market due to three main reasons for investment.
Why is that? The core reasons are threefold.
First: Easily influenced by the environment. After entering the cryptocurrency market, you will find that everything in this market is magnified—people's greed, anger, fear, ignorance, arrogance. These feelings are hard to perceive in real life, but in the cryptocurrency market, you can feel it. Almost everyone is filled with hostility, seeking faster and more money, wanting to earn as soon as they buy in, hoping to make the most for themselves, wishing others would provide free answers. We should clearly recognize that the cryptocurrency market is not much different from traditional markets; everyone's gains should stem from the time and effort they invest, needing to go through accumulation and learning, rather than coming to the cryptocurrency market and abandoning all the education and values we have received in the first half of our lives.
Second: Influenced by appearances. Appearances refer to surface phenomena, such as superficial prices and news.
Third: Influenced by emotions. Humans are very easily emotional. We need to consciously pay attention to our emotions at all times, because emotional decision-making often leads to significant losses. For example, seeing the market drop might trigger inexplicable fear and anxiety. When we see our accounts starting to show losses, we feel restless and regret entering the market, even thinking there is no hope moving forward. When we are profitable, we feel very capable, thinking our luck is tremendous, considering ourselves geniuses, and believing we can quickly become wealthy. However, our emotions lead us to various fantasies, making good things seem better and bad things seem worse, ultimately harming ourselves.
What I am sharing today is not simply about a specific data indicator or a particular method, but rather the core three reasons why people can be easily influenced by others, prices, and emotions: it is because we are not strong enough ourselves. Our perception, abilities, judgment of right and wrong, and ability to eliminate distractions are still not strong enough.
If you still feel confused and don't know where to start in this market, leave a comment and let's discuss together!
