Yesterday, I wrote an article about my participation in a game of grabbing the banker in the cryptocurrency trading circle. Although I failed, the experience I gained was definitely something that hundreds of thousands of dollars could not buy. It made me more determined to deeply understand the cruelty of this market. It also made me realize that to make money in this circle, most people must rely on strength, not so-called luck.

If you want to judge whether a person is an expert in making money in the cryptocurrency circle, it is actually very simple. You only need to ask the other person a question: how do you make money in the cryptocurrency circle? If the other person answers that you rely on news, market news analysis, guidance from experts, or watching the market and lines, then I think all of them are wrong.

The key to making money in the cryptocurrency world in the long term must be your character and your understanding of the cryptocurrency worldview.

Making money does not necessarily mean you are an expert, and losing money does not necessarily mean you are not an expert. In this market, no one does not lose money, and losing money can be said to be the norm.

There are more days when I make money and come out to show off, but there are more days when I lose money and have to heal myself.

Therefore, we cannot discuss whether a person is successful or not based solely on his losses and gains.

Earning money in the cryptocurrency world = cryptocurrency worldview x professional knowledge x research depth.

Most people put the cart before the horse and start to explore professional knowledge and in-depth research on the benchmark. They say one or two about everything. They are very knowledgeable, but they may not get any money. In fact, it is because their worldview in the cryptocurrency circle has not completed the breakthrough from zero to one.

Today I will talk about my understanding of the worldview of the cryptocurrency circle. I won’t teach you about my professional knowledge and research depth because there are many people who are better than me.

First of all, the world is divided into the past, present, and future. Your subjective bias. The objective laws of the world, the objective facts of the world.

This is how the world is made up. So the most important thing for us is to distinguish clearly what is subjective and what is objective.

For example, I said that Bitcoin will reach 150,000 US dollars in the next bull market, which is subjective. The total number of Bitcoins is only 21 million, and it is the most successful application of blockchain technology, which is objective.

In the last bull market, Bitcoin reached a high of $69,000, but that is in the past.

Today, the price of Bitcoin is $29,000.

The future, for example, tomorrow or next month, what the price of Bitcoin will be, has not yet come and we don’t know.

So what I want to tell you is that the past is false. Why is it false? Because the past is past, and in the financial world, the past has no impact on the future.

It is true now, but what is happening now has already been factored into the market.

The future hasn't happened yet, we don't know it.

Investing in the cryptocurrency world is actually investing in the future. But the future has not happened, and the future is actually fake. How can you know the future? Sorry, you can't know, the future is uncertain.

The current price is the expected pricing for the future, so it can be concluded that the current price is actually the result of all market participants voting with their funds with subjective bias.

Some people are bullish, some are bearish, some are bearish, some are bearish on Bitcoin to 12,000, some are bullish on 300,000. Some people think that 31,000 is the dealer who bought the bottom before and is going to sell, and it is deliberately pushed up, and some people think it will break through to 40,000.

These people with different subjective biases use funds to make buying and selling decisions, which causes market price fluctuations.

Here we will talk about what subjective bias is. Subjective bias is people's cognition of objective laws, and then they rely on their own cognition to collect various objective facts to form subjective ideas. This ability to collect information is professional knowledge, and processing objective facts by oneself is the depth of research.

Fluctuations in market prices come from changes in market expectations and from changes in participants' expectations of subjective speculation about the future.

At this time, some people lose money and some people make money. The difference between them is the difference in their cognition of objective events.

If you lose money at this time, it is very normal, which means that your information source may not be perfect and your ability to process information is not enough.

So is it possible to always make money and never lose money? This is impossible. You must understand that losing money is not necessarily a bad thing. Losing money can make you reflect on it. The reflection you get after losing money is actually your tuition fee.

If you lose money, then next time you should work hard to improve your professional knowledge and information processing ability, so that your subjective analysis bias is close to the objective facts of the market. Of course, there is no shortcut. It is not that you can learn it immediately by reading a book or someone teaching you the secret formula. You need to take one step at a time, read more, listen more, and learn more. You may spend some tuition to learn knowledge, but this is a drop in the bucket compared to the money you may have to pay in the market in the future. Either you leave the market forever, or you will inevitably lose money and pay tuition.

I would like to add one more thing here. Professional knowledge and research depth do not refer to how deep your understanding of the currency is, how detailed your report is, or how accurate your information is. It is not like that. It refers to the degree to which your professional knowledge and research depth fit with market expectations. Whether it fits with the expectations of market changes.

The premise for studying this kind of thing is to believe that the market is right. You will make mistakes, but the market will not be wrong.

Then you can know that making money in the cryptocurrency world is actually whether your subjective bias matches the objective facts of the market. You must first assume that your subjective bias is correct, and then prove it in the market. Finally, if your subjective bias gradually converges to the objective facts of the market, then your subjective bias is proven to be correct. Naturally, you will make money.

This is what I have always said: people have to rely on themselves, because these results are your subjective bias, and other people's bias is useless to you. If you want to eat meat here, you have to spend a lot of time, and there is no shortcut at all. #币安合约锦标赛