People often say: 'A day in the cryptocurrency world is like ten years in the human world. After ten years of working, it's all in vain; in one year in the cryptocurrency world, one can become rich!' But is that really the case?
Indeed, the opportunities for getting rich in the cryptocurrency world are more than in traditional industries, but the hidden risks are equally huge! Many people just follow the trend when they hear about it or see friends making money, blindly following suit and going all in. However, the low barriers to entry lead more people to hold onto the fantasy of 'getting rich overnight', while overlooking the importance of risk and awareness.
As a seasoned player who has worked in the cryptocurrency world for many years, I have summarized the (ten truths of cryptocurrency) in hopes of helping everyone see reality, avoid detours, and participate rationally.
Truth 1: You might think a certain altcoin is likely to increase by 100 times, but the reality is that 99.99% of altcoins will eventually go to zero. Insight: Do your research and choose projects that have value and ecological support; do not blindly chase highs.
Truth 2: When a project is widely advertised as 'a money-making opportunity', it is likely that it has reached the point where big players unload their positions. Insight: Learn to think in reverse, do not be influenced by market emotions, take profits in time, and avoid becoming a bag holder.
Truth 3: When retail investors are generally panicking and feel the market is about to crash, it is often a signal that a bull market is about to begin.
Insight: Market panic is a means for the big players to accumulate at low prices; learn to identify bottom opportunities.
Truth 4: When you become increasingly certain about a certain coin's upward trend and prepare to go all in, it is often when big players are cashing out. Insight: Stay rational, do not blindly invest heavily; learn to buy in batches and take profits.
Truth 5: You may think the win rate of contracts is 50%, but in reality, less than 10% can actually make money.
Insight: The contract gameplay requires high demands on position management, mindset management, and execution ability. Do not be greedy and blindly leverage.
Truth 6: Most people see big players as enemies, but true experts learn to dance with them and follow their steps. Insight: Teamwork is more important than individual effort; going with the trend can lead to greater profits.
Truth 7: Many people think making money in the cryptocurrency market is easy, but less than 10% can actually make money.
Insight: The cryptocurrency market also follows the 80/20 rule, or even the 90/10 rule. Respect the market, align knowledge with action, and you will be in a position to succeed.
Truth 8: Do not underestimate KOLs (Key Opinion Leaders); the professional knowledge and market analysis they provide can help you avoid detours. Insight: In the era of knowledge payment, be clear whether you are getting value equivalent to what you pay.
Truth 9: The rise in cryptocurrency prices, in addition to ecological implementation and value support, is more importantly driven by market 'consensus' and 'greed'. Insight: The supply and demand relationship determines the price; market belief and emotions have a significant impact on cryptocurrency prices.
Truth 10: To get rich in the cryptocurrency world, you need to have the following points: Luck - find genuinely potential targets; Awareness - be able to hold onto coins without being scared off by market fluctuations; Take profits - understand how to secure gains and cash out; Long-termism - persist in long-term investments and not chase short-term profits; Cash flow - continuously earn income and invest steadily in the market. Insight: Making money in the cryptocurrency market is not easy; besides seizing opportunities, you also need luck, patience, and correct execution.
Summary:
The above ten truths may be a bit heart-wrenching, but they are valuable experiences I have accumulated over the years in the cryptocurrency world! I hope to help everyone recognize the market and reduce the 'tuition fees'.
Remember:
Capital first, risk second, profit third! Respect the market, maintain a good mindset, learning ability, and execution ability; self-discipline is the key to success!
Take gains calmly, accept losses lightly, strive for the certain, and go with the flow!
If you are still confused and can't find direction, consider joining the Baijun Team, continuously advancing value, and pay attention to the homepage introduction; fate will come.