Why do most people who speculate in cryptocurrencies lose money?

Preface: The first element to enter the cryptocurrencies circle is to firmly believe that even if Bitcoin falls to 10,000, it will rise back, and this is also true in history. Adhere to the currency standard of Bitcoin, and convert any copycat to Bitcoin after a sharp rise.

1. Chasing ups and downs: When you see the price of the currency soaring, you want to chase it, and when it plummets, you sell it in a hurry. If your mentality is not firm, a wave of ups and downs will make you hand over your chips at any time.

2. Ignoring stop loss: Without the awareness of stop loss, you still hold on to fantasy when you fall to the abyss. Selling when you should sell and stopping loss in time can avoid greater losses.

3. Not learning, listening to the wind and rain, blindly following the so-called "inside information". The information you can see is what the dealer wants you to see.

4. Frequent operations: staring at the market all day long, always wanting to make money by short-term. Non-experienced players should not fall into the short-term at any time to trap you deeply. The surge will prevent you from getting on the bus.

5. Not doing homework: Blindly buy coins, practice basic skills first, and learn how to do project background and technical investigation. You must study and learn more before investing. Don't just feel that a certain coin is going to rise

6. Emotional investment: floating profit will inflate, thinking that you are the best, floating loss will be out of control, and you can't hold on and cut your losses. Stay rational and avoid being swayed by emotions.

7. Greedy without limit: Not satisfied with the profit, always want to make more. Short-term needs to stop at a certain point, mid-term goals should be set, and long-term software should be deleted and not read!

8. Newcomers play with leverage: borrow money to speculate in coins, and use leverage to magnify the benefits while also magnifying the risks. Non-experienced drivers should act within their means and control risks.

9. Time concept is very important, the big rise and fall in the coin circle is only a few hours or even more than ten minutes! Set up various reminders

10. Don't gamble on small coins, and stop when you see the profit. 99% of the cottages will be replaced by new hot spots in the next bull market. $BNB $BTC