Many people think that trading cryptocurrency is particularly simple
You just put in ten thousand dollars, then let it sit for ten or eight years, and it will grow to one million for you to spend.
But the actual situation is not like that:
You enter the crypto world with ten thousand dollars, and the next day you find you only have five thousand left. At night, you toss and turn in bed and can't sleep at all. In the following days, you get woken up every night by the urge to urinate and immediately check the coin prices on your phone.
After finally enduring a year, the coin prices fluctuate like a roller coaster, sometimes at 1000, sometimes at 6000, making you exhausted. You finally can't take it anymore, thinking that as long as the coin price rises to 9000, you will quickly sell and never play again. Coincidentally, a bull market really came, and your coin rose to 8500. You remember the previous ups and downs, feeling that this time it must also pull back to 6000, so you sold at 8500, planning to buy back after the pullback.
You did make some profit, but this time the coin price never returned to 6000. Afraid of missing out, you gritted your teeth and chased in at 8500 as it rose to 9000. Although the amount of money didn't change, you had fewer coins. Then the coin price fell from 9000 to 7000, and you began to waver again. Later it rose all the way to 12000, and you finally made a profit. Calculating the annualized profit was only 20%, you comforted yourself that this was still a decent investment!
This is the real situation for beginners trading cryptocurrency, investing everything all at once, cutting losses when losing money, and constantly chasing gains and losses.
For the next layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential projects, where an expected growth of more than 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I will take you to layout the entire bull market together!