There are several types of people who will definitely lose money in the cryptocurrency market!
First, complete beginners, who may rely on luck to stumble upon a doubling coin but will ultimately lose their money through lack of skill! Beginners only go all in and like to chase after rising prices and panic sell, completely unaware of what position management means or what stop-loss and take-profit are; they are always fully invested and always emotionally invested! (Newbie beginners, I recommend not to enter the cryptocurrency market, as it is really easy to lose money! Watch more, do less!)
Second, small capital players, for example, if you only have a few thousand U! Want to earn over a million! It’s not that there aren’t cases of a few thousand U turning into millions in the cryptocurrency market, there are, but most of them come from the primary market and contracts! Small capital players who choose the wrong path will also find it hard to achieve a class leap. With small capital, you cannot expect high returns! You definitely cannot choose the secondary market! The secondary market cannot give you 100 times returns! High multiples definitely need to be in the primary market and contracts!
Third, cryptocurrency market giant infants: those who know nothing and need to be spoon-fed, and even want to be praised for being fed! These people are basically destined to be unrelated to making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until a certain age! Cryptocurrency giant infants like to be spoon-fed and are lazy to serve! Those without a good mindset can only complain when they earn or lose a little! They are destined not to last long! A bad mindset can lead to everything being nonsense!
Fourth, stubborn people who still hold onto altcoins and never touch BTC, ETH, or BNB! These people have a very poor risk tolerance! Everyone knows BTC is expensive, and they think altcoins are cheap, believing they have higher growth rates, but the same applies when they drop, it can be disastrous! Bitcoin may rise slowly and is expensive, but it is relatively stable compared to altcoins.
The cryptocurrency market has always been a process of survival of the fittest, a process of sifting through the sand! If you want to avoid being eliminated, you must make changes!
Recently, I plan to invest in a potential coin that is preparing for a big surge, doubling is still quite easy, and I am also looking for some potential coins to hold until the end of the year, such as puppies, the OKX Musk theme has already launched, and a 10x expected return is not a problem.