More than 100,000 people in virtual currency have been liquidated, why is this happening?
The investment market is an amplifier of human nature, and traditional markets amplify people's greed and fear. When the market is booming, people blindly leverage, resulting in total loss; when the market declines, people panic and recklessly cut losses, leading to massive losses. Without good investment discipline and mindset, chasing highs and selling lows in the market means being exploited, with a 90% chance of such an outcome.
The cryptocurrency investment market is more open, regulation is weaker, and the speed of price fluctuations is faster, undoubtedly doubling the greed and fear of human nature.
Exchanges running away or committing fraud, one must choose exchanges carefully, opting for the safest ones.
Various altcoins are being released chaotically; the understanding of blockchain is very deep, and one should not engage if they do not understand. Do not be deceived by traps; only invest in what you understand, like Bitcoin and Ethereum.
Blindly leveraging is not an option; not using leverage is a principle. Or use the smallest possible leverage, treating it as tuition.
When others are greedy, I am fearful; when others are fearful, I am greedy. Investing goes against human instincts, which applies to any investment market. Utilize cycles to make good layouts, and hold patiently.
Stick to the strictest discipline, and befriend the trend.
