💠 Many social media commentators talk about creating wealth and achieving financial freedom through cryptocurrencies, but the question is: Can ordinary people really change their lives through currency speculation?
💠 It seems very difficult, like climbing to the moon on board a manual broom. Indeed, it is possible to find some people who have achieved their goals in this field, but they are very few, and many of them took many years to become rich after making many sacrifices and learning from their mistakes, in addition to He was distinguished by his wisdom, sobriety, and focus on market trends and the choices required by the times, and perhaps a bit of luck helped him in that.
🔅But what is the truth about gaining wealth in the digital currency circle?
Big whales want to make money, entrepreneurs want to make money, exchanges want to make money, big bookies want to make money, arbitrageurs want to make money and hackers want to make money.
🔅So the question is where does the money come from?
💠 The currency circle is not about planting certain seeds, receiving sunlight and watering, and then producing fruit. Assets in the currency circle itself do not produce any significant returns. What you lose is what others gain, and what others lose is what you gain. The currency circle is just a tool to transfer wealth from one losing person to another winning party just like the stock market, so, all these people want to make money, but the winner is the one who has the tools to control the market. Hence it is very difficult for ordinary small investors like us to make money in this field in an easy way as those scammers make it out to us.
💠 The bitter truth is that when we enter this market we will be prey to the great whales. I have never heard of a clear number of small investors who changed their lives by relying on speculation in digital currency, but I am sure that the stock exchanges and large investors have greatly increased their wealth after the investors lost. Ordinary people are already at the starting line.
💠 My son and I always used to say to me, “Dad, life is not fair.” And I said in this regard: “O speculators, this is an unfair game.” I discovered that a long time ago, so do not play with your money in speculation, as you may actually lose in a battle in which others fight with warplanes. And modern missiles, while you are waving a short stick in the air, not knowing what to do... No matter how strong you are, you will not stand up and will inevitably fail if you do not choose the right path and the appropriate strategy. The results will be the opposite of what you aspire to achieve, and here are some guidelines that may help you win in this battle:
👈 First: Never speculate with your entire capital.
👈 Second: Do not swing with financial leverage above the loss you can bear.
👈 Third: And this is the mission. In this field, focus on storing currencies for the long term. We are not competitors to these people and we do not have any power advantage at all. We cannot do anything except buy and sell, and on the contrary, huge whales can do many things. We have only simple and traditional tools for resistance, and they have much to do with subjugating us. So how can you win?
💠 All you have to do, my brother trader, is to be steadfast and exhaust your patience. Believe me, those who can make money in the field of currencies are those who are patient, have a long spirit, and have a long-term vision. As for the despondent and the hasty, they will not find their place among these predatory creatures.
