$ETH
Many people have a misunderstanding about making money in the cryptocurrency space🤔
They think making money means buying low and selling high, profiting from price fluctuations. However, this way of thinking essentially looks at the future from the present, judging whether a certain asset will be recognized by more people, simply put, whether the consensus will expand. If the judgment is correct, one can make money💰; if the judgment is wrong, one naturally loses money🧐
For example, if a project is indeed very valuable and everyone recognizes and buys it, in this case, making big money is almost impossible. Because when the consensus has already reached its peak, people's level of understanding is basically the same, with no gap, and the profit margin is naturally minimal. If you don't incur losses, that's already a good result👍🏻
But the real logic of making money lies in the cognitive gap❗❗
The source of income in the cryptocurrency space comes from those who have understanding earning the money of those who are late to realize or have no understanding. The key is to strategically position yourself in assets where the consensus might expand at a future point in time, or to maintain a judgment contrary to the majority during market downturns and widespread pessimism, and then take action. If your understanding and behavior differ from the majority, and the direction is correct, this cognitive gap will become the source of future profits🔥
For example: One day, when Bitcoin has become a well-known asset to the public, such as when bank employees recommend Bitcoin investment to depositors, the potential for consensus expansion of Bitcoin might already be saturated, and the returns will become ordinary. This might be the best time to sell Bitcoin.
The core of making money in the cryptocurrency space is to maintain a different understanding from the majority and make the right choices, rather than blindly following short-term price fluctuations.