You can still participate in the current cryptocurrency circle, but it is definitely not like what some people on the Internet claim, where you can easily earn tens of millions or even hundreds of millions and achieve so-called financial freedom. Most of those claims are false propaganda or even fraud.

In the cryptocurrency circle, there are not many cases where ordinary investors can really turn things around, but it is quite common to suffer losses. For ordinary investors, if you invest 1 million yuan in the cryptocurrency circle, you may lose all your money in less than a year. If you participate in contract trading and use 5x leverage, it may return to zero within half a year; and if you use 10x leverage, you may not even last three months.

It can be seen that in the cryptocurrency circle, ordinary investors suffer losses very quickly. Cryptocurrency speculation is essentially similar to gambling, and fraud is common in gambling. After understanding this, you should avoid participating.

There are many factors that affect the cryptocurrency market, including the Fed's policies, retail investors' emotions, project decisions, etc. But in the cryptocurrency circle, what is the most important factor?

The answer is: the project's decision.

Indeed, due to the lack of strict laws and regulations in the cryptocurrency industry, project owners have a high degree of freedom and can manipulate market prices at will according to their own wishes. If the project owner wants the price to rise, the price will rise; if the project owner wants the price to fall, the price will fall, and there is no hindrance to the operation. Therefore, investment in the cryptocurrency industry requires extra caution and must be aware of the risks and uncertainties involved.