A newbie who has just entered the cryptocurrency circle must understand the truth
You may imagine that the cryptocurrency circle is to invest 10,000 yuan, then leave it there, and easily own a million assets in a few years to achieve financial freedom. However, the reality of the cryptocurrency circle is far from that simple.
When you step into this world full of temptations and risks with 10,000 yuan, you may lose more than half of it overnight, and the anxiety and uneasiness keep you awake at night. In the following days, every night when you are awakened by the urge to urinate, you will involuntarily open the APP to check the market, for fear of missing any fluctuations.
After a year of suffering, the value of your currency fluctuates between 1,000 and 6,000. You are determined to cut your losses and leave the market as long as the price of the currency falls below 9,000. However, just when you are about to give up, the bull market comes unexpectedly. The price of your currency finally rises to 8,500, but based on past experience, you think the price will definitely fall back to 6,000. So, you choose to sell at 8,500 and prepare to buy again when it falls back, so that you can make a profit.
At first, your operation did bring some benefits. But this time, you are not so lucky. The price has been soaring, and you missed the chance to get on board, and watched it rise to 9,000. At this time, you are anxious, afraid of missing the opportunity to make money again, so you decide to use the 8,500 you sold to buy back the 9,000 position. However, in this way, the number of coins in your hand has decreased.
Then, the price fell back from 9,000 to 7,000, and you began to regret your previous operation. You can't help but try the operation again, but watching the price climb all the way to 12,000, you can only watch the profit slip away. After a year of waiting, you finally decided to sell the coins in your hand. The annualized profit is 20%. Although it is not much, you also feel that you are as smart as Buffett.
However, this is exactly the true portrayal of many newbies in the currency circle. They blindly all-in, operate with full positions, frequently cut meat, chase ups and downs, and often only get a pile of chicken feathers in the end. Real investment requires patience, wisdom and firm belief, not momentary impulse and blindly following the trend.
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