$BTC $WIF $FET
While everyone invest to be rich,
Acc to a research,
Only 5% of investors make profits out of crypto.
The market is designed to rob you of your money and feed it to exchanges & whales ( those are among the winning 5% ) .
Imagine, an investor has tons of money & you have got 100$. He asks you to help you by giving 900$ and invest it all in a trade.
He demands nothing from you, tells you that you ll keep all the profit you make & if you make loss, he ll take out his investment.
Why is he doing that? Is he a fool ???
If you make profit, he would get nothing
but if you lose, He ll get to keep your 100$.
That's why exchange offers you leverage trading. No one in the world thinks about offering benefits to others. So, by manipulating you into believing that you would make huge profits with leverage, they do exactly the opposite and use your greed to their benefits.
Imagine if your business partner knows your weaknesses as exchange knows where you have put your stop losses/liquidity levels, they will try their best to rob you.
That s the reason, it s always said - Don't invest more than you can't afford to lose.
You might be fortunate enough to be among the winning 5%, but the huge probability is that you would bear losses among the 95% of investors.
Conclusion :
Future trading doesn't make you rich.
Don't opt that.
Spot trading is safe but don't invest all of your funds into 1 coin. That might be the best coin at the moment but you never know if that coin faces legal issues or their developing team runs away selling their huge holdings.
Try to cash out even small profits, 10,20,30% !
Don't wait for a coin to make 100× or more.
Most Imp: Learn Smart Money Concepts, don't dive in without knowing basics, conventional or SMC strategies.