Some people enter the market with 1 million, lose most of it, but are able to win back several million with the remaining hundreds of thousands; while others enter the market with 100,000, and ultimately gain nothing but losses.
Why can some people turn around from huge losses, while others can never escape the fate of losing money?
After playing in the cryptocurrency circle for a long time, you will find that everyone around you is making money, except you.
People who have more money tend to earn more than those who enter with less money. It's not because they are more capable, but because they are tough enough. Even if they lose more than half of their money, their mentality remains stable. The large loss or loss is not a decisive factor for them. What really matters is their mentality and strategy.
They don't look at the price, only at the timing. When you ask them at what price they entered and how much it will rise before a correction, they look bewildered. They only know when to buy and when to sell, while you, on the other hand, stare at the market every day, fearing that your small investments will be cut. This anxiety often affects your judgment.
They only focus on long-term trends, maintaining calm and patience. The longer you hold, the less likely you are to lose, but most people can't hold on.
This bull market has started about six months early, and it is expected to last only about a year. The current situation is different from the past; the timing of entry has become crucial.
In the early stages of a bull market, when prices rise, everyone tends to hold on and is reluctant to let go easily. Moreover, altcoins have not yet exploded, so it’s better to keep the coins you already have; you might get unexpected rewards.
Finally, this wave of the bull market may last until next June or October.