The cryptocurrency bull market has gradually begun, and today let's discuss: is it feasible for ordinary people to engage in contract leverage during a bull market? Can one truly leverage this to successfully change their fate?
Many people enter the cryptocurrency world as if stepping into an entirely new realm, astonished to find that there are such different ways to make money.
Especially after getting involved with contract leverage, one can only think about how to make money faster, to profit more, feeling that even saying another word would delay the process of making money, and their mindset has already floated to the clouds.
However, in fact, the cryptocurrency world has already experienced three rounds of bull markets, and the current one is the fourth wave. In the past three bull markets, countless curious and hopeful individuals attempted to use contract leverage to change their trajectory of fate.
But the ultimate outcome was not as imagined, quickly becoming rich and enjoying luxury; not only did they fail to live a luxurious life accompanied by luxury cars, but they also caused the life they had painstakingly managed for years to slide downhill, becoming increasingly unsatisfactory, ruining a good hand of cards they originally held.
Perhaps some may think that their losses in contract trading are just an isolated case, simply due to a lack of experience in this field and not yet mastering the tricks.
But from my years of observation in the cryptocurrency world, I can solemnly tell everyone that this is by no means an isolated case, and it's not that you are not smart enough, but rather that the direction was wrong from the very beginning; a wrong direction inevitably leads to a wrong result.
Just like planting potato seeds, it is impossible to harvest corn; a predetermined path leads to a specific outcome, this is the way of heaven.
At its root, the essence of many people entering contract leverage trading has already deviated from the right investment track; in short, it is all due to the word 'greed' at play. Attempting to acquire more, desiring faster speed.
We can perceive from TV drama plots and real life that those who are excessively greedy ultimately find it hard to end well.
When I first entered this field, I did not fully realize these issues; at that time, I thought that having a certain degree of greed was not entirely a bad thing, after all, investment is meant to seek profit.
Fortunately, I got to know three financial mentors, who timely helped me pull back from the brink, allowing me to deeply understand through many shocking real cases the severe consequences I would face if I could not recognize the seriousness of potential problems.
Looking back to when I first entered the cryptocurrency world, I was full of envy for those who had already gained a lot, but in the end, some of them returned their wealth to the market due to their own greed, unwillingness to learn, and restless mentality. Some have now quietly exited the market, burdened with debts, and struck down by life.
Pursuing a prosperous life or wealth itself has no moral distinction; however, if one exceeds their own capabilities and cognitive limits, being overly greedy and unwilling to improve oneself, they will inevitably invite disaster upon themselves.
Many of those who participate in trading in the cryptocurrency world actually have only a superficial understanding of the industry, cannot comprehend market trends, do not understand the characteristics of the currencies, and are unclear about the trading rules. Yet they speak with great confidence, certain that they will not incur losses upon entering, focusing solely on earning multiples or even dozens of times their investment, dismissing anything less.
This is a manifestation of excessive greed. The lack of cognitive ability about things leads to such ignorance and fearlessness.
The financial market can be said to be the pinnacle of all industries, and the cryptocurrency world is an area where human nature is extremely restless and complex.
In this realm, only those who are down-to-earth, focused on self-improvement, and adhere to the philosophy that slow is fast can avoid losing themselves in it, and when looking back on the past, have already become winners.
After all, in this process, 80% of people go astray because they overestimate their intelligence. It must be noted that cleverness is often the enemy of wisdom.
Let's stop here for today, hoping to bring some benefits and insights to everyone.
Investment is a lifelong endeavor, not a one-time transaction. Building a complete trading system is the key to our long-term and stable profitability.
We are all fortunate to be part of a sunrise industry, yet how far each person can go in this field, whether to become an investor who rewrites their fate through trends like the early Internet or to become a speculator who merely makes a quick profit, entirely depends on our level of understanding.
Success in any industry belongs to a focused and specialized minority.
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