Truly powerful people never rush!
There are several types of people who will definitely lose money trading in the crypto circle!
First, pure novices, who may have relied on luck to stumble upon a doubling coin, but will later lose it back through their own lack of skill! Novices only go all in and like to chase after rising and falling prices, completely unaware of what position management means, or what taking profits and cutting losses are, always fully invested, always teary-eyed!
Second, small-cap players, for example, if you only have a few thousand USDT! Wanting to earn millions! There are indeed cases of turning a few thousand USDT into millions in the crypto market, but most of it comes from the primary market and contracts!
Small-cap players who choose the wrong track will find it difficult to achieve a class leap; if you want multiple returns on small capital, you definitely cannot choose the secondary market! The secondary market cannot give you a hundredfold return! High multiples can only be achieved through the primary market and contracts!
However, the risks of those same contracts and the primary market are also extremely high; those who manage to navigate these two paths are one in ten! Observe more and do less!
Third, the crypto giant baby: a complete novice who understands nothing, needs to be spoon-fed, and even needs to be praised for the food put in their mouths! Such people are basically destined to have nothing to do with making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you until a certain age!
Crypto giant babies like to be spoon-fed and rely on passive services! Without a good mindset, they can only make a little profit and then complain! They are destined not to last long! A bad mindset basically renders everything meaningless!
Fourth, stubborn people, still holding onto altcoins, never taking a step into BTC, ETH, or BNB! These people have extremely poor risk tolerance! They all know BTC is expensive and think altcoins are cheap and have higher growth, but the same applies when they fall dramatically!
Although Bitcoin rises slowly and is expensive, it is relatively more stable compared to altcoins; many people holding onto altcoins may end up waiting for an announcement of delisting from exchanges! In the crypto market, being slow means being fast!
The crypto market has always been a process of survival of the fittest, where the waves wash away the sand! If you want to avoid being eliminated, you must make a change
