#Something that many people in the currency circle don't understand,
Let's do the math and give you instant enlightenment.
You invest 1 million, it rises 100% to 2 million, but it falls 50%, and you are back to the starting point.
You invest 1 millionW, it falls 50% to 500,000, and then rises 50% to 750,000, and magically loses 250,000.
Forget these two accounts, which means that controlling the retracement of currency speculation is always the top priority. In actual currency speculation, many people can achieve 100% in the short term, but in the long run, as long as they retrace 50%, their work will be in vain!
So, short-term profit is not the goal, only long-term profit can live longer.
If you invest 1 millionW, the annualized return rate is 25%. 125W after one year, 156.25W after two years, and 195.31W after three years, basically doubling in three years.
This account tells us about stable annualized returns and safer and longer-term operations.
Buffett can become a stock god! This is not a short-term achievement, but he has been able to maintain an annualized return rate of 20%+ for more than 40 years.
Many people can achieve a profit of 20%+ in the short term, but they can maintain it for more than five or ten years. So everyone should keep a normal mind, be down-to-earth, and always believe in the power of compound interest, just like a snowball!
6 years of experience in the cryptocurrency circle, you can consult any questions, and click the avatar if you want to communicate with Jiaqun.