In the cryptocurrency world, these types of people are bound to lose:
1. Complete novices: Relying on luck to buy doubling coins, relying on skill to lose it back! Novices love to go all in, chase rising prices and sell on dips, completely unaware of what position management, profit-taking, and loss-cutting are. They are always fully invested and always in tears. Newcomers are advised to touch the cryptocurrency world less and observe more with fewer operations!
2. Small capital players: Want to earn millions with just a few thousand U? Although there are indeed cases where a few thousand U have turned into millions, most of it relies on the primary market and contract wealth creation. It is difficult for small capital to achieve high returns in the secondary market; they must take on the high risks of contracts and the primary market. But remember, only a very few can succeed! It’s better to observe more and act more rationally.
3. Cryptocurrency giants: Pretending to understand while actually not, and liking to be fed by others. They incessantly complain every time they lose a bit of money, leading to a collapsed mindset. These types of people are basically destined to fail in making money; with a poor mindset, they are not likely to go far. If they can’t hold onto any small profits, how can they talk about investing?
4. Stubborn people with hands full of altcoins: Those who never touch BTC, ETH, or BNB, only taking altcoins, are at extremely high risk. While Bitcoin rises slowly, it is stable. Altcoins may rise quickly but also plummet hard, ultimately leading to the possibility of a delisting announcement from exchanges. In the cryptocurrency world, staying stable is the key to going further.
The cryptocurrency world is a process of survival of the fittest. To survive, one must constantly improve oneself and keep up with market changes!