Bitcoin is almost worth 100,000 US dollars, but most people not only did not make any money, but also lost a lot of money. Someone did a survey and found that out of 30 people, 28 are still on the way to recovering their investment.
What's more, as soon as Daniel opened his account, his assets were stolen and returned to zero.
According to SlowMist: Due to the Dexx incident, it has been determined that more than 900 victims have had their assets stolen, with a total loss estimated at $21 million
DEXX incident report update as of November 18: More than 1,100 reports of stolen funds have been received from the community. After deleting duplicate reports, more than 900 victims have been identified, with a total loss estimated at $21 million.
Loss breakdown (to date): • > $1 million: 1 victim • $500,000 to $1 million: 2 victims • $100,000 to $500,000: 33 victims • $10,000 to $100,000: 292 victims • < $10,000: 656 victims
You see, this is the wonder of the market. Most people are always on the road to making back their investment. They don’t have an overall plan and just take one step at a time.
He has no ability to discern information and likes to dig into garbage dumps. When he sees others showing off their earnings, his eyes light up. When he sees someone talking about a hundred-fold increase in coins, he feels itchy. Little do he know that those are all baits. Who would give out information about making money for free? Picking up fat meat from a garbage dump or picking up five million on the street, what is he thinking?
Unable to control one's own greed, afraid to buy when the market is fud, and inertia to chase highs when the market is fomo.
Nothing I bought went up in value. As soon as I got off the bus and changed to another target, the previous target took off and the target in my hand played dead again, as if the dealer had installed a camera on himself.
No one is monitoring you, just because your actions follow the majority and you always go to crowded places. Little do you know that investment is going in the opposite direction of the mob, going to places with abundant funds, where there will be many people in the future, rather than where there are crowded places now.
Watching the market every day and spending most of your time watching the market tends to make you lose yourself. If you are not a professional trader, the more time you spend and the more operations you perform, the more you lose. This is no joke; it is inevitable.
Investing is very simple. Before you invest your money, all your homework has been done. After that, you don’t have to do anything and don’t need to make any judgments. Just follow the previous strategy. If you can’t do it, just find someone who can help you do it.
You think about this and look there, staring at how much this has increased and how much that has increased every day, but your own stock doesn't seem to have increased much. Even if you buy the right stock and buy it cheaply, you still won't make a lot of money in the end.
Big results all require time to exchange for space. Have you ever seen a big tree grow in just three or two months? You plant a tree and check on it several times a day to see if it has grown taller.
You see, this is human nature, and it is what we need to deliberately control. If you want to make money and get big results, please stand in the "opposite direction" first.
What's the meaning?
The truth behind why you can make money in the capital market is that it is "anti-human nature". As long as you use rationality to restrain and neutralize human nature, you will find that making money is not that difficult.
But most people cannot let go of their "human nature".
It can be said that friends who have been in the cryptocurrency circle for many years and still have not made any money are "too fond of standing with themselves". You think you are right about everything, so why don't you make any money?
If you want to make money in the cryptocurrency world, you need an anti-human mentality, which brings us to cryptocurrency trading.
Cryptocurrency speculation is a double-edged sword. It is both heaven and hell, both an angel and a devil. It can make a few people successful, but it can also destroy a large number of people.
I buy a certain coin because I think it will rise, and I sell it because I think it will fall. This casual approach is the easiest mistake for all leeks to make, and they look at the market on a daily basis.
The result is losing money. I think the most painful thing is not how much money I lost, but the feeling of losing money. The negative emotions under long-term pressure make me depressed and irrational.
Little do people know that institutions evaluate current currency prices on a quarterly or annual basis.
Trading is often anti-human, and it requires overcoming more pain, misunderstanding, and loneliness.
Remember that the past cannot be changed, but the future can be changed!
I have said that making money is more about doing more altruistic behaviors, and altruism will eventually reflect back to benefit oneself.
No matter it is a bull market or a bear market, you have to develop this habit. Habits become natural. Making money is a habit, losing money is also a habit. Good behavior and correct behavior will eventually bring good results.
For example, how many people read an article but never like it? Almost 80% of them are like this because they habitually think about what they will get.
Let’s take likes and interactions as an example. When you like and interact with an article after reading it, the platform will know that you are interested in this type of information.
The action of liking is actually telling the algorithm that such information can be actively pushed to you, which will greatly reduce the time you spend searching for your favorite articles.
At the same time, it is also an encouragement to the author, so that he or she can keep writing and write more articles, which in turn will benefit himself or herself.
The same is true for cryptocurrency transactions, such as cryptocurrency speculation, short-term trading, and contracts. The money you earn is the money I lose, and the money I earn is the money you lose. It is a completely zero-sum game of selfish behavior.
So losing money in the end is inevitable, but it is different if you hold value coins for a long time. If you don’t sell and I don’t sell, and there are fewer people selling, the price will naturally rise.
If you hold the coins for a long time and don't sell them, it will be beneficial to me. If I hold the coins for a long time and don't sell them, it will also be beneficial to you. Holding coins for a long time means you can earn money from time, inflation, over-issuance of legal currency, and hedging against world chaos.
In the end, everyone made money.
We must realize the importance of habits, develop more correct habits to neutralize human nature, use some methods, strategies, and tools to stand against human nature, and hold on to value targets with peace of mind.
In a bull market, even if you take a junk coin and hold it until the late stage of the bull market, you will most likely make more money than you would from contracts, short-term trading, buying and selling, and then selling and buying again.
The most important thing in a bull market is to stay put after you have made your plans and leave it to time. The rise and fall of currency prices will not change according to the will of any individual.
When facing a period of adjustment, the current stage is such a time. You must understand that no matter it is a bull market or a bear market, adjustments are normal.
If the price rises too much, some of the profit taking will have to be digested, and some people will cash in their profits, so there is a high probability that it will fall. However, in other words, in the previous bear market, when the price rose, you would be very cautious, so why do you let down your guard in the bull market?
In a bear market, you can endure a long pullback and you can also wait for a long time. Why in a bull market, you can't endure the pullback and are unwilling to wait?
Because people become very impetuous in a bull market, and they are tempted by too many short-term quick money. Why are they tempted? Because the market does have the possibility of making quick money in the short term, and there are indeed people around who have made money.
Don’t believe in the myth of getting rich quickly, and don’t think you can do it. Getting rich quickly is the number one killer of money losses. If you don’t believe it, you can follow the path to getting rich quickly that you have seen or heard, and you will most likely lose money!
That is all unsustainable. Sustainable and stable profits are what we need. This round of bull market will be a historical bull market that will be more lasting and larger in scale than those in 2017 and 2021!
A lot of opportunities have already emerged in 2023 and 2024, and the opportunity effect in 2025 will be further amplified!
Hold on to the coins in your hands, make money in the simplest way, and you are destined to outperform more than 90% of people in the end.
Walking with Mo and preaching web3, I am Xi Mo, a leader who is committed to leading you into the web3 industry. Turning your main business into a side business, turning your side business into unemployment (financial freedom), and increasing the value of your assets after financial freedom are my goals that I pursue unremittingly and with all my strength.
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