Trading coins requires expertise and funds; retail investors should avoid it as it easily leads to going to zero and never recovering.
I've seen too many people knocked down who never got back up, living a life worse than death every day. As for those who got rich and left, there isn't a single one who has safely made it ashore.
Contracts must stop losses and take profits; don't be greedy or gamble, as it's easy to go to zero and never recover. Contracts are like gambling; you can't outplay institutions and traders. Set a ±10% limit to win in the long run.
Investing in cryptocurrency should not come from money you need within three years. If you can't do that, you need to control your position and play lightly. Don't hide this from your family; they can save you in critical moments. But they won't stop you from getting rich because if it's in your fate, they can't stop it.
In the cryptocurrency world, money is spent like dirt, while in life, one has to live frugally, suffering oneself and the family, feeding others, who still call you foolish.
Yesterday at New Year's, I saw friends shivering in the corner, unwilling to spend money on a hotel. They could spend the money to book an entire hotel for a minute without a second thought.
Invest regularly in mainstream coins; in the long run, they have a slightly higher chance of winning compared to altcoins. But in the end, no one can guarantee the outcome, so don't go all in.
Counting funds and ETFs is quite good because ordinary people find it hard to cash out even when they make a little money. If they stay in the market, they'll eventually have to return it and add more.
Don't underestimate anyone in this circle; they might be a giant whale or the richest person within your sight. They could be that person.
The big players who can blow up your position have a group of 985 and 211 graduates calculating your money behind the scenes.
Don't overestimate anyone in this circle; they could be destitute and heavily in debt by tomorrow morning, with families torn apart. Respect the market, respect your opponents, stay skeptical, and maintain distance. There are neither friends nor enemies in the cryptocurrency world.
Calm down and think: if you earn just $10 a day, you are free today.
Chasing airdrops and focusing on technology is just foolish effort; staying up late harms your health. Not to mention you might not even earn a small profit, and before you can cash out, you may end up in the hospital. Do you have enough money for the hospital?
Don't impulsively quit your job to enter the cryptocurrency market; it's unfriendly to newcomers and not particularly kind to veterans either. If you haven't achieved good returns in A-shares or US stocks, you are very likely to earn little here, but when you lose, it could be far worse than those two assets.
