For newcomers to the cryptocurrency world, they often harbor dreams of becoming rich overnight, thinking that by investing ten thousand and waiting ten years, they can easily join the ranks of millionaires, even if the price of the coin increases a hundredfold, they are reluctant to sell.

However, the reality of the cryptocurrency world is far from this. A common scenario is that you invest ten thousand with high hopes, only to lose half the amount the next day, feeling anxious and restless, unable to sleep at night, constantly thinking about opening the trading platform to check the situation. You waver between cutting losses and waiting to break even; after a long month of waiting, you finally see it rise to nine thousand, but then you start to hesitate, worried that if you sell, you will gain nothing, and decide to hold on. However, the price continues to drop, fluctuating between one thousand and six thousand like a roller coaster, and eventually your patience wears thin, forcing you to cut your losses at six thousand.

Another situation is that you invest ten thousand, and after a few months, it rises to twelve thousand, prompting you to eagerly sell, planning to buy back at a lower price. However, the price skyrockets to fifteen thousand and then twenty thousand, and you become envious and anxious, fearing that you will miss the opportunity, so you chase the price and buy in. As a result, your cost doubles, while the coin price directly falls back to six thousand.

Therefore, the first lesson when entering the cryptocurrency world is to learn to face losses. This statement may be harsh, but it is an unavoidable reality. Only by personally experiencing real monetary losses can you deeply understand the complexity and unpredictability of the cryptocurrency world. For those friends who have already tasted the bitterness of losses, I believe you have gained some insights, right?