In the cryptocurrency world, many people dream of earning high returns steadily, such as more than 40% annualized. But here I want to tell you that this is not an easy thing, nor can it be achieved overnight. Why? Because the market is volatile and risky, and the weaknesses of human nature can be easily magnified.
Just like our ancestors, even if they made huge fortunes, they may eventually lose all their money because of a mistake. This is not to say that they are not skilled or inexperienced, but that trading itself is full of uncertainty. Just like playing with fire, you can control it for a while, but there will always be a time when it is out of control.
So, my advice is that if you really want to make money in the cryptocurrency world, you must first understand one thing: don’t expect to make a little money every day, this idea is too naive. You should look further ahead, look for projects that really have potential, and then hold them for a long time.
Of course, this does not mean that you have to invest all your money in one project. Diversification is very important to reduce risks. You can allocate funds to different projects and different time points, so that even if a project fails, it will not have much impact on your overall investment.
In addition, stop loss is also very important. In trading, no one can always be right. So, when you find that the price of a project starts to fall, don't hesitate and stop loss immediately. Although you will lose some funds, at least you can keep most of the principal.
Finally, I want to emphasize that controlling the retracement is the premise of compound interest. If you can maintain a stable income and avoid big mistakes, your funds will snowball. However, this requires you to have enough patience and discipline.
In short, making money in the currency circle is not an easy thing. You need enough wisdom, courage and patience. If you really want to make a difference in this field, then I suggest you learn more, think more, and practice more. Only in this way can you stand out in this market full of opportunities and challenges.
In the bull market, you need a high-quality Q sub. If you don’t know how to operate and are still confused, everyone is welcome to join!Please like, follow, forward and leave a message!