#BTC何时突破10万？
7 reasons for cryptocurrency losses and how to avoid them!
Lack of strategy, cryptocurrency trading is prone to losses
Not every trader can make money in the cryptocurrency market, because it is a zero-sum game, and some people make money and some people lose money. It is difficult to grasp the perfect buying and selling timing in trading, so you have to think clearly about why you are trading and have a plan for the future before you start. Even if you want to trade every day, you have to learn to be patient and wait for the best time.
Only looking at short-term benefits, it is difficult to get rich in cryptocurrency
Cryptocurrency rises quickly and attracts people's attention, but don't think it can make you rich overnight. Too many people want to make money quickly, which may pull down the exchange rate.
Inadequate risk management, cryptocurrency trading is risky
In the cryptocurrency market, the principle of "little pigs eat more, big pigs are eaten" is very applicable. Experts will not wait until the highest point to make a move, but accumulate small wins into big wins. You have to manage risks well and don't invest too much money in illiquid markets. Set a stop loss point and don't let losses expand.
Not understanding the commission of middlemen, the cost of cryptocurrency trading is high
Many people don’t know that middlemen will take commissions when trading cryptocurrencies. If you don’t understand this, you may be overcharged by middlemen, fined, and suffer from exchange rates. You have to pay attention to these costs and don’t let them eat up your profits.
Can’t stand the pressure, cryptocurrency trading is prone to mistakes
Seeing others making money and not keeping up, you feel anxious, but this kind of pressure is not a good thing. High prices mean high risks, don’t enter the market because of impulse. You have to analyze calmly and find the best trading time before making a move.
Day trading is impatient and cryptocurrency trading is easy to lose money
Day trading requires finding good buying and selling points and keeping an eye on market trends, which is very energy-consuming. Although there are automated tools, day trading is addictive. You need patience and concentration to do it, otherwise it is easy to lose money.
Trade first and then study, cryptocurrency trading is easy to be blind
Do enough homework before trading and understand the details of cryptocurrency. You can’t make a lot of money by following the trend, you have to study and make decisions on your own.
If you always miss the mark and don’t know how to operate, you need to meet one condition if you want to keep up with the learning: you need to be strong in action, do it as soon as you say it, like + leave a message, I will help you make a lot of money!
