In the cryptocurrency world, you must recognize these 3 facts:
The long-term winning rate in the crypto market is far less than that of a casino. In the short term, over a few months, profits and losses may alternate, but over a year, more than 90% of people lose money, and over five years, the loss ratio can be as high as 99%. Therefore, if you want to 'gamble' in the crypto market, the best strategy is to take the profit and leave, but no one can do that; they often end up losing everything before exiting.
The big influencers you follow may have predicted correctly many times, but you still find it hard to make money, simply because there are too many influencers you follow, which disrupts your mindset. Some big influencers can achieve a spiral increase in assets through their winning rate, but you cannot do that because they only operate with part of their funds, which reduces their psychological burden, allowing them to face unrealized losses calmly and close positions when they are in profit.
Whether a trade is profitable or not hinges on whether you can endure the volatility, rather than if your judgment is correct. Many times, you might make the right judgment, but due to operational errors, you fail to hold on long enough to realize profits and end up cutting losses. Therefore, it’s crucial to enhance your ability to make money outside the market, which gives you the confidence to hold your positions. Losing money does not stem from not understanding the market, but rather depends on your off-market capital reserves, the proportion of entry funds, and your psychological endurance.
When the market is good, there are many opportunities; when the market is bad, there are still opportunities!
Whether in a bull or bear market, the opportunities are there; hold on to me, and I’ll ensure you don’t miss any more chances!
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