In fact, the cryptocurrency market is a market that is very easy to give people illusions. Its biggest deception is that even if a person knows nothing, in this market, every transaction has at least a 50% chance of winning. Because of this, everyone in this market, even if they know nothing, often thinks that they should be the one who makes money! (I call it "mysterious self-confidence") If you don't believe it, you can observe it for a while: in all industries, professionalism is required, even if you are a farmer, you need certain professional knowledge, and only in the cryptocurrency market, there are the most part-time workers and amateur players!
As long as you trade in cryptocurrencies you will never make money!⬅️
The last time I talked about the 80/20 rule, I said: "The market is just a trading channel. The market itself does not generate profits. Take Bitcoin for example. In the process of you buying and me selling, Bitcoin itself does not generate any profits. The so-called making money by speculating in coins is the price difference generated in the transaction process. To put it bluntly, if you can make money, it means that someone else has taken your order at a high price. If you make money, someone must lose money." The bull-bear conversion in the currency circle is usually a cycle of 4 years, and the price is halved every 4 years.
After each halving, the supply will be greatly reduced, thus triggering a bull market. It is not 100% certain, but this rule has been verified many times since the birth of Bitcoin. The biggest risk of hoarding coins is that you are "cheap" and sell them as soon as you are nervous about the rise and fall, and it is difficult to hold them to the end. Therefore, as long as you can hold on and hoard some mainstream coins, your income will be considerable in about 4 to 5 years. After experiencing many failures, you will realize that it is very difficult to make a lot of money quickly, unless you are lucky enough to buy a 100x meme.
Hoarding coins requires enough patience and a very good vision. But it is not difficult to make money slowly in this industry. Don't buy when the market is particularly hot, and leave it alone after buying it. This requires great patience and self-control. Don't be affected by short-term fluctuations, and firmly believe in the long-term value. It is difficult for ordinary people to do it. But in a few years, you will definitely be surprised, and it may even be a profit you can't imagine. However, if you are always in a hurry to operate and buy and sell frequently, you may end up losing everything.
In my opinion, frequent operations are often due to lack of confidence in one's own choices and are easily affected by market sentiment. Our biggest enemy is actually ourselves. Many times, when we want to accomplish something, the biggest obstacle is often ourselves. The opponent you imagine in your mind has always been yourself. If we set our goals a little higher, we are afraid that others will say that we are unrealistic. So we retreat. In fact, no one in this world will care about you, let alone your small goals. Because of fear of others' ridicule, the attitude of being afraid of wolves in front and tigers behind will definitely not accomplish great things. Those who can achieve great things are because they believe in themselves, so they dare to act. I think this is indeed very reasonable. We often tie our hands and feet because we care too much about what others think. In fact, as long as we have firm beliefs and move forward bravely, many difficulties can be easily solved.
Success is not based on luck, choice is more important than hard work, and the circle determines destiny
Only strength speaks for itself. When the cryptocurrency market is good, you can make money no matter how you play, but you must clearly know that the cryptocurrency market will not always be good! ! ! When to buy and when to sell in the cryptocurrency market, this is what is important!
