1. Short-term thinking is serious. What we are talking about here is short-term thinking, not really short-term or swing. To put it simply, we should take a longer-term view. What everyone discusses is how much it has risen today and how much it will fall tomorrow. How much... instead of half a year or one year, what will happen to this coin? You can take a look at the so-called "great gods" who have achieved financial freedom in the current currency circle and make money in three to five days. They all rely on time; of course, this does not mean that we should completely ignore the short-term rise and fall and just blindly pay attention to them. Deadly holding, blindly holding coins in the Buddhist style. Rather, it is necessary to reasonably allocate positions, focusing on the long term, supplemented by the short and medium term, and follow the short-term trend changes if you can see them accurately.

2. Buying when prices go up and selling when prices go down Buying when prices go up and selling when prices go down is a mistake that almost every cryptocurrency investor will make. When they see a coin soaring and the whole world is discussing it, they will buy it and then be reluctant to sell it when they lose 10% or 20% and wait for the day when they can get out of the trap. When the price continues to fall and they lose 50% or even 60% or 70%, they will think that the coin is not good and sell it directly to the floor. Then they will repeat this step again and again. To be honest, there is really no good solution to the problem of buying when prices go up and selling when prices go down. You can only rely on paying tuition fees. Only when you have paid enough tuition fees and have been hurt by the losses will you learn your lesson and slowly change this habit.

3. Insufficient cognition Many people do not think before investing, and just believe what others say. Today a big V says this coin is good, so buy it immediately! Tomorrow XX gossip says that the coin will rise, so buy it... As for what is good about this coin and why the coin will rise, you have no idea; others are speculating in coins based on their own cognition, but you are speculating in coins based on their cognition. It is unfair not to lose money in this way of investment without thinking. We can use other people's cognition as a reference when investing, but we must establish our own cognition before that; 3 main reasons for the plunge in Bitcoin prices Bitcoin has plummeted recently, and some analysts have pointed out three possible reasons for this situation. Bitcoin has continued to fall recently, falling by more than 21% in the past 8 days, and has lost the key support of $7,400, and was even dangerously close to falling below $

4. Too impetuous Impetuousness seems to have become the norm in the currency circle. Many people enter this market with the mentality of getting rich overnight, but they are not prepared to return to zero in one day, let alone the ability to get rich overnight! After buying a coin, they hope that it will rise after buying it, double in three days, and 10 times in half a month... If the coin they bought does not rise in half a month, or even loses money, they will start to find all kinds of excuses for themselves, and then curse, scold the project party for not doing market value management, scold the dog house for crashing the market, and blame the big V for inaccurate predictions... I have never seen an investment market as impetuous as the currency circle. The reason why most people in the currency circle are too impetuous is that they have seen too many stories of getting rich overnight in the currency circle, and there are ten-fold and hundred-fold coins around them in almost every time period. They subconsciously regard the currency circle as a 100% winning casino, thinking that as long as I buy coins, I can make money, but I don’t regard it as a real financial market. Bloodthirstiness is the essence of the financial market.

5. Not learning. Some media have done a statistics on investors' understanding of digital currency. Among the 778 digital asset investors selected at any time, less than 10% can quickly and accurately describe "what is Bitcoin?" and only 17 people can accurately explain "what is blockchain technology?" Although the statistical surface of this data is small, it is enough to explain the current situation of the overall investors in the currency circle. How can you have faith if you don't even know what you are investing in? Without faith, how can you hold on to the lowest-priced chips and the best currencies? Learning is an eternal wealth. Only by continuous learning can you avoid being harvested. 6. Lack of sound investment concepts. Most people do not have a complete investment plan before investing. They just follow their feelings. This kind of investment method that relies entirely on intuition will definitely lose money once you encounter unexpected situations. Only by making a corresponding investment plan before investing, such as: how many currencies to buy? When to buy? How to allocate positions? Should you stop loss or cover the loss after buying? Should you reduce your position in batches or continue to hold after making a profit? ···· Only by summarizing a set of investment strategies that suit ourselves can we deal with various situations and remain calm whether the market goes up or down. This can at least make our mentality invincible and avoid letting our mentality influence wrong choices.