99% of people in the cryptocurrency market do not make money during a bull market due to three main reasons for investment
Why is that? There are three core reasons.
First: Easily influenced by the environment.
After entering the cryptocurrency market, you will find that everything in this market is magnified. People's greed, anger, fear, ignorance, and arrogance, which are hard to perceive in real life, can be felt here, and almost everyone is filled with hostility.
Everyone is seeking faster money, more money, and when they buy in, they want to profit immediately. They hope to earn the most and wish others could provide them with free answers.
We should clearly realize that the cryptocurrency market is no different from traditional markets; everyone's gains should come from the time and effort they invest, and they need to go through sedimentation and learning.
It is not acceptable to enter the cryptocurrency market and abandon all the education and values we have received in the first half of our lives.
Second: Influenced by appearances.
Appearances refer to superficial phenomena, such as apparent prices and superficial news.
Third: Influenced by emotions.
Humans are very easily emotional; we must consciously pay attention to our emotions at all times because decisions made under emotional influence often lead to significant losses.
For example, when seeing a market drop, one may inexplicably feel fear, suffocation, or worry.
When seeing one's account start to incur losses, one feels restless, regrets entering the market, and even thinks there is no hope for the future.
After making a profit, one may feel very capable, thinking luck is on their side and they are a genius, believing that they will soon become wealthy.
But our emotions lead us to various fantasies, making us think the good is even better and the bad is even worse, ultimately harming ourselves.
What I am sharing today is not simply about a data indicator or a specific operational method.
But these are the three core reasons why people can be easily influenced by others, by prices, and by emotions.
It is because we are not strong enough; our cognition, abilities, judgment of right and wrong, and ability to eliminate distractions are not strong enough.
If you still feel confused and do not know where to start in this market, comment 333 to get on board!
