Investing in the cryptocurrency circle but losing money to the point of doubting life? There may be only one reason!

Many people enter the cryptocurrency circle with the dream of getting rich overnight, but eventually they fall into the abyss of loss and even begin to doubt life. In fact, the real reason why 90% of people lose money is only one: no plan, no strategy, and follow emotions!

1. Blindly chasing highs, destined to be cut

Hearing that a coin has risen, they rush into the market, without even understanding the fundamentals of the project, and want to "take the top knife", but they buy at the highest point and cut at the lowest point. There is a popular saying in the cryptocurrency circle: buy in panic and sell in madness, but many people do the opposite and are controlled by emotions.

2. No risk control = bankruptcy

The cryptocurrency circle fluctuates greatly, and without reasonable position management and stop-loss mechanism, it is like running naked in a storm. Some people go All In at every turn, and a coin is reset to zero, and the account is also cleared. If you want to live long, never let the loss exceed your tolerance.

3. Long-term value or short-term emotion?

There are two types of players in the cryptocurrency circle: investors and speculators. Investors look at the logic of the project, the strength of the team and its long-term value, and wait patiently; while speculators are obsessed with short-term ups and downs, ignore the core technology, and only care about whether the hot spot can be "taken over". Those who really make money are often those investors who dare to patiently lay out the long-term track.