The types of people who will definitely lose money when trading cryptocurrencies!
First, pure newbies, who might have lucked into a doubling coin but will later lose it back through their lack of skill! Newbies only go all-in and love to chase highs and sell lows, completely unaware of what position management means or what stop-loss and take-profit are; they are always fully invested and always in tears! (Newbie, I suggest avoiding the crypto world; it's really easy to lose money! Watch more, do less!)
Second, small fund players, for example, if you only have a few thousand U! Want to earn millions! There are cases where a few thousand U can turn into millions in the crypto world, but most of them are through the primary market and contract wealth creation!
Players with small funds who choose the wrong track find it difficult to cross class barriers; if you want multiplied returns with small funds, you definitely cannot choose the secondary market! The secondary market cannot provide you with hundredfold returns! High multiples can only be achieved in the primary market and contracts!
However, the risks of the same contracts and primary market are also enormous; those who can emerge from these two tracks are one in ten! Watch more, do less!
Third, the giant babies in the crypto world: those who know nothing and need to be spoon-fed, and even want to be praised for the food brought to their mouths! Such people are basically far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until a certain age!
Giant babies in the crypto world, who prefer to be spoon-fed and lie flat for services! Those without a good mindset who only make small profits or losses and complain will not last long! A bad mindset basically makes everything futile!
Fourth, stubborn people who still hold a lot of altcoins and never touch BTC, ETH, or BNB! Such people have a very poor risk tolerance! They all know BTC is expensive and think altcoins are cheap, and their growth is high, but the same goes for their decline, which can be devastating!
Although Bitcoin rises slowly and is expensive, it is relatively stable compared to altcoins, and many people who hold altcoins may only be waiting for an announcement of delisting from exchanges! In the crypto world, slow is fast!
The crypto world has always been a process of survival of the fittest, filtering the sand! If you want to avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of this world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways this society will harvest you! Until your understanding and wealth match each other.
