Opportunities and risks go hand in hand. I prefer to use odds to determine whether to enter a track.
The cryptocurrency world is a huge field
There are risks in the cryptocurrency world, but the expected return is high.
What you need to do is to find your own risk preference and then focus on a track.
People who are more capable of taking risks have many new things to try and try to gain big returns with small investments.
Some people are good at ambushing, ambushing various potential coins, waiting for the bottom of a larger cycle, and selling in a bull market;
Some people just focus on NFT. Others think that liquidity is very poor, but he thinks that it is money earned from poor liquidity.
Others focus on level 1 or level 1.5 projects, such as various 1.5-level projects with various asymmetric effects, and of course they can get good results.
Some people focus on the opening of new coins on exchanges, and can easily make 30%-50% in 10-30 minutes;
If you prefer a stable, low-risk approach, there are many options.
Some people just hold on to their own big pie and make fixed investments, because this has the highest chance of winning;
Some people just do their own arbitrage, because it is almost risk-free income;
Not everyone has such a strong ability to resist risks and can start over if they lose money. Most people may have saved up capital from years of hard work and entrepreneurship, or have families to support, or work students who use a small part of their spare money to speculate in cryptocurrencies.
Only when you understand your position can you make money
I don’t want you to give up some opportunities because you are afraid of the uncertainty of the cryptocurrency circle and dare not step out of your comfort zone.
You are afraid of uncertainty
Because you are worried about the uncertainty of BTC, you missed the bottom of Bitcoin, and you will not get on the train again even if there is a good opportunity
Because you are worried that the price of rune stones is too high and there will be selling pressure. So even if there are low-priced paper hands to sell after the airdrop, you still dare not try.
Because you are not sure... you miss...
This kind of thing happens every day in this market. We have been taught to pursue stability since childhood. No one likes uncertainty. Most ordinary parents expect their children to find a stable job, so civil servants have become the first choice for many young people.
But certainty is always inversely proportional to returns. What I prefer to focus on is called odds.
If it's a big opportunity, even if it's risky, I'll try it with the money I can control.
Some people say this is not gambling?
But isn’t life a gamble?
Gambling with feelings on marriage
Gamble your time on work
Gamble your house on safety
Betting on dreams with entrepreneurship
Life is full of gambles, but some gambles have high odds of winning, and some gambles have high returns.
What we should do is to find the one with the highest odds among the uncertain bets, and then throw ourselves into it without hesitation. At least judging from the current results, this choice is correct.
The cryptocurrency world is indeed one of the most promising ways for ordinary people to turn their fortunes around, but that doesn’t mean the process is always smooth.
The essence of life is ups and downs, gains and losses. What remains unchanged is continuous learning, improving cognition, letting go of prejudices, and making money is just a matter of time.
