Many people think that investing in the cryptocurrency world is simple:
Enter the market with 10,000 yuan, don't worry about it, and sell it when it finally rises to 1 million after ten years
However, the real cryptocurrency world is like this--
You enter the market with 10,000 yuan, and the next day it becomes 5,000. At night, you toss and turn, unable to sleep. Every late night after that, when you wake up to go to the toilet because of the urge to urinate, you will open the APP to check the market.
After a year of hard work, the price of the coin fluctuates between 1,000 and 6,000. You are exhausted and determined: if it can rise to 9,000, you will sell it at a loss. However, when the bull market came, your coin rose to 8,500. You recalled that there were several ups and downs in the past, and you felt that it would definitely fall back to 6,000, so you sold 8,500 and prepared to wait for the callback before buying it again.
You definitely made money, but this time, the market did not return to 6000. On the contrary, you made up your mind that you would miss the opportunity if you did not get on board, so you chased 8500 to 9000. Your position returned, but the coins were less. Then, it fell back from 9000 to 7000, and you wavered again. Watching it rise all the way to 12000, you finally made money. In the final analysis, you calculated the annualized profit of 20%, and comforted yourself: This is also a good investment!
This is the true portrayal of a novice: all-in, full position, cut losses, chasing ups and downs, and tossing and turning.
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