Six major factors for losing money in cryptocurrency trading
Losses often come from the following factors:
Short-term thinking: lack of long-term investment perspective and strategy. For example, for most people, the returns from operations should not be as good as the returns from directly holding the big cake.
Chasing ups and downs: Affected by market sentiment, lack of rational judgment. For example, Japan raised interest rates yesterday and the US stock market plummeted. It seems that they are all related to themselves. Lebanon was attacked by air strikes. The situation is unclear, but fortunately, their positions were also attacked by air strikes.
Lack of cognition: blindly following the trend and lack of their own investment logic. When you see a well-known KOL and send a code, you will chase it directly. As a result, others double their capital and your capital is gone. Sometimes think about it, if you rush, who will come to take over for you? If not, then there is a high probability that you are the one who takes over.
Inner impetuous: expecting to get rich overnight, lack of patience and preparation. Most of Buffett's wealth was earned after he was 50 years old.
Similarly, I also agree that if some wealth is only obtained when you are old, it may not be meaningful. If you can't eat, play, or get hard, it is estimated that there is no meaning in making money.
But if compound interest is the seventh wonder of the world, then the only bargaining chip for ordinary people is time. Too much is as bad as too little. Those who are anxious have already gone bankrupt, such as the young Liang Xi.
