In my eyes, the cryptocurrency world is an exciting place: throw in 10,000 yuan, and within 10 years, if I don’t expect it to turn into 1 million, even if it rises 100 times, I will remain steady and never withdraw easily.
But the real cryptocurrency world, hey, is quite brutal!
In the first scenario, you excitedly enter the market with 10,000 yuan, and the next day you see it’s halved! You definitely can’t sleep that night, and every night after that you wake up startled, immediately checking the exchange for prices. Your heart is in turmoil, thinking maybe you should cut your losses and withdraw when it rises back to your principal.
After a month, it has indeed risen a bit, to 9,000. At this point, you hesitate again, thinking selling now would mean a huge loss, you need to hold on, you need to have faith. But the result? The price fluctuates like a roller coaster, sometimes high and sometimes low, and after half a year or a year, your coins are oscillating between 1,000 and 6,000, your patience is worn thin. In the end, you can’t take it anymore, at 6,000, you grit your teeth and sell at a loss!
In the second scenario, you again enter the market with 10,000 yuan, and a few months later, hey, it rises to 12,000! You feel brilliant and decisively sell, planning to buy back at a lower price. But then the price skyrockets to 15,000, then 20,000. You panic, fearing you’ll miss the opportunity to make money, and you chase the price upwards. But by this time, your cost has already doubled, and then the price plummets back to 6,000!
So, the first step into the cryptocurrency world is to learn how to lose money. Although this sounds harsh, I have to say it! Because only by experiencing losses can you understand the depths and shallows of this field. For those friends who have already lost money, don’t you think what I’m saying makes sense?
Facing the upcoming explosive bull market, if you feel confused about trading right now and want to learn more about cryptocurrency-related knowledge and cutting-edge information, as long as you are proactive, I will guide you to explore tenfold potential coins. Like + comment, and I will lead you to feast on big gains!
