The reasons behind why you don’t make money by speculating on currencies:
1--Unbalanced mentality after the plunge: Faced with the plunge in the market, many investors choose to buy the bottom, but ignore the risk that the market may continue to fall.
2--Blind optimism in a bull market: In a crazy bull market, investors are often too optimistic and unwilling to sell the coins in their hands, expecting higher prices.
3--Stubbornness in a bear market: During a bear market, many investors still insist on investing and ignore the market's correction.
4--The risk of entering the market after chasing high prices: If you enter the market at the high point of the bull market, you will face huge losses once the market pulls back.
5--Following the trend and hyping hot spots: Blindly following market hot spots without in-depth study of the value and potential behind them.
6--Prefer altcoins: Only focus on the so-called "potential coins" and ignore the value of mainstream coins.
7--Lack of long-term investment concepts: For mainstream currencies such as Bitcoin and Ethereum, there is no confidence and frequent buying and selling.
8--The temptation of high-risk contracts: If you like to play high-multiple contracts, you will suffer heavy losses once the market reverses.
9--Being gullible in big V’s opinions: Relying too much on other people’s opinions and neglecting your own judgment.
10--Leave the market when losing money: Faced with losses, many investors choose to stop losses immediately, lacking the determination to invest in the long term.
11-Trading regardless of cost: Blind impulse, trading regardless of cost, and ignoring the risk control of investment.
12--Lack of project research: Without in-depth research on the value and development potential of the project, only looking at the surface.
13--Improper timing to clear positions: Clear positions before the bull market and miss the gains in the market outlook.
14--Excessive efforts in a bear market: Trying to make profits in a bear market through frequent operations, ignoring the laws of the market.
15--Simplified investment: Buying only one currency misses diversified investment opportunities and risk diversification.
16--Short-term thinking limitations: Only make short-term investments and ignore long-term values and trends.
17--The dilemma of insufficient principal: If the principal is too small, you can only adopt high-risk gambling investment.
