Many people think that investing in cryptocurrency is simple:

You put in ten thousand yuan, don't bother with it, and after ten years, it finally rises to one million before you sell.

However, the reality of the cryptocurrency world is like this――

You enter the market with ten thousand yuan, and the next day it becomes five thousand. At night, you toss and turn, unable to sleep. During every deep night, when you are woken up by the urge to urinate, you will open the app to check the market.

After finally enduring a year, the price fluctuates between 1000 and 6000, you are exhausted, and you resolve: if it rises to 9000, you will cut your losses and exit. However, when the bull market comes, your coins rise to 8500. You recall the past few ups and downs, thinking it must correct back to 6000, so you sell at 8500, preparing to buy again after the correction.

You definitely made a profit, but this time, the market did not return to 6000; on the contrary, you hesitated and thought that if you don't get back in, you might miss the opportunity, so you chase it up from 8500 to 9000, your position returns, but you have fewer coins. Then, it corrects again from 9000 to 7000, and you waver again. Watching it rise all the way to 12000, you finally make a profit, and when you calculate the annualized profit, it’s 20%, you comfort yourself: this is also a good investment!

This is the true portrayal of a beginner: all-in, full position, cutting losses, chasing highs and selling lows, repeatedly struggling.

If you want to learn more about cryptocurrency-related knowledge and first-hand cutting-edge information, click on the avatar to follow me, contract trading tips are shared for free, daily providing points.