Cognition Determines Everything! [Very Important]
The cryptocurrency world is a place where the poor get poorer and the rich get richer. There aren't many stories of overnight wealth, nor are there so many nouveau riche.
The rich have 100 million; they only take the spot market, exit with a 20% profit, and secure 20 million. If there's no 20% profit, they hold on tight and don't let go.
The poor only have 100,000; if they take the spot market, even with a 20% profit, they would only make 20,000, which isn't enough for living expenses. So they can only play with leverage, treating 100,000 like 1 million.
In such a case, if there is a 20% profit, they would have 200,000 in returns, but the reality is harsh; in the end, it usually ends in liquidation.
Some poor people have heard various tales of making a fortune with little effort, so they invest their money into speculative projects, and in the end, 99.9999% also leads to a dead end. The real 0.0001% that survives is uncertain whether it's a real person or a project insider's insider trading.
Thus, it is mainstream spot trading that can yield profits. As long as profits are not achieved, hold on tight and don’t let go; eventually, you will make money. Then, through compound interest, it doesn't require a large investment; the power of compound interest is infinite.
In fact, developing good trading habits and mindset, firmly controlling one's desires and emotions, is more important than how much money you make.