In the cryptocurrency space, about 80% of people desire to gain profits through investment, but often have to go through three stages!!!!
First Stage: Initial Trial
In this stage, most people will experience a process of making small profits followed by significant losses, or the profits they earn are quickly devoured by market fluctuations, ultimately resulting in zero. This is a process of experience and learning, and many people suffer severe financial losses at this stage.
Second Stage: Firm Belief
In this stage, investors begin to accumulate experience. Although they may still face fluctuations and challenges, they gradually form their own investment rhythm and ideas, starting to explore a profit path that suits them in the cryptocurrency space. Although the returns may be moderate, compared to the first stage, investors are now able to view market ups and downs more rationally.
Third Stage: Breakthrough and Success
This is the stage that can truly change one's destiny. Successful investors usually rely on reasonable strategies, precise timing, rigorous discipline, and a bit of luck to gradually achieve considerable returns. Not many people can reach this stage; most, after experiencing the ups and downs of the first two stages, may find themselves unable to continue due to depleted principal.
Overall, in a bull market (upward cycle), many people will feel that everything is going smoothly, with continuous profits; while in a bear market (downward cycle), the situation often becomes quite difficult. Therefore, when information floods in, what investors need most is to remain calm and avoid excessive impulsiveness.
A desire for quick gains often leads to greater losses. In the long run, the most important thing is to cultivate a stable mindset, excellent judgment, and high focus, as these qualities are crucial for long-term investment success.