In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money."
In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money," this saying makes new investors unable to resist investing, and like a knife, it keeps cutting into their flesh over and over again.
In the 'crazy first year of cryptocurrencies,' Bitcoin rose from $1000 to a peak of $3000, Ethereum skyrocketed from $8 to 50 times its value, and other smaller market coins increased by hundreds or even thousands of times. In any investment market, this is unbelievable. We were surprised to find that 'doubling assets overnight' is not a joke, but a real experience in this feast.
In this wave of market activity, new investors desperately jumped in, while many seasoned hands watched Bitcoin grow helplessly, experiencing back-and-forth movements because Bitcoin's rise had already exceeded their psychological limits. "Clear out at eight thousand," "exit at eighteen thousand," "twenty thousand will definitely crash"... Such thoughts have long disturbed their plans, not to mention other competing coins calculated in multiples of ten or a hundred.
Newborn calves are not afraid of tigers
The so-called 'newborn calves are not afraid of tigers' reflects the madness of new investors in this market, far exceeding imagination. They watch the numbers in their accounts constantly increase, raising the stakes without any thought of risk. Little do they know, lacking risk awareness, this is a complete zero-sum game, and in the constant competition, they've forgotten their own wins and losses.
I've heard too many stories of getting rich, yet I still can't trade coins well. I’ve followed too many so-called experts, yet I've always been left behind. With a market that feels like picking up money and a heart fully invested, it creates the notion that 'if you don't make 100 times in a bull market, it’s all in vain to have come to the crypto market!'.
At the moment investors click 'buy,' they all want to gain the fastest and largest return with the smallest investment. Therefore, at the moment of buying, most investors do not check the market situation but prefer to guess and comment. Thus, from that moment on, as soon as the price fluctuates slightly in the opposite direction of their expectations, they immediately abandon their chips.
You're just pretending to trade coins
"With such a good market, why am I always the one losing money?"
"Why does the experienced driver make money, but always seems to be pulling me down?"
"So many people say it's bullish, why does it still fall?"
In fact, every transaction is a real choice of your own; most people simply refuse to lose, making it difficult to combat their own emotions.
If you can't overcome emotions and control risks, you're just pretending to trade.
