There is a clear difference between the cryptocurrency world and gambling, although both involve risk and uncertainty.
Gambling generally refers to activities based on random results, such as dice rolling, roulette, old pagers, etc. The results of these games are completely random and there is no predictable pattern. In the long run, due to the mathematical advantage set by the casino (i.e., the casino edge), gamblers often have an expected negative return, which is why "long-term gambling will lose".
In contrast, although cryptocurrency trading, especially trading in the cryptocurrency market, also has high uncertainty and risk, it is not completely random. The cryptocurrency market is affected by many factors, including technical analysis, market sentiment, macroeconomic conditions, policy changes, supply and demand, etc. Experienced traders can make more rational judgments by analyzing these factors, although this does not guarantee that every transaction will be profitable.
In the cryptocurrency world, veterans can increase the possibility of profitability in the following ways:
1. Technical analysis: By studying price charts and historical data, traders can look for patterns and trends to predict future market movements.
2. Fundamental analysis: Understanding the fundamentals of the project, including team background, technical characteristics, market positioning, partners, etc., can evaluate the long-term value of the project.
3. Risk management: set stop-loss and take-profit points, manage position size, and avoid excessive leverage to reduce potential losses.
4. Emotional control: stay calm and avoid making impulsive trading decisions due to emotional fluctuations.
However, even the most experienced traders cannot always accurately predict market trends. Therefore, it is a more cautious strategy to choose to trade during periods with a high probability of rising and avoid trading during periods with unclear or high probability of falling. In this way, traders can increase the possibility of long-term profitability, but still need to realize that no strategy can guarantee 100% success.
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