The Daily Life of a Crypto Newbie:
You think the crypto world is about putting in ten thousand dollars, not looking at it for ten years, and then selling it for a million. Right?
The reality of the crypto world is that you put in ten thousand dollars, and by the next day, it's down to five thousand, and you can't sleep that night. Throughout the year, every night you wake up needing to pee, you check your app to see the market.
After enduring a year, your coins fluctuate between one thousand and six thousand, and you make up your mind that if it hits nine thousand, you'll cut your losses.
When a bull market finally arrives, your coins have managed to rise to eight thousand five hundred. Based on past experience, you think it will definitely pull back to six thousand, so you sell at eight thousand five hundred, planning to short it and buy back at six thousand, thinking you'll make two thousand five hundred. In fact, after several attempts, you initially did make some profit, but this time, you can't get back in, and it goes straight to nine thousand.
So you decide to take the plunge; if you don't get back in now, it'll be too late. You buy back at nine thousand with the coins you sold at eight thousand five hundred, and now you have fewer coins.
Then it pulls back from nine thousand to seven thousand, and you regret it again. You can't help but want to trade again, and slowly watch it rise all the way to twelve thousand. You've made money after waiting a year.
So you sell your coins, and wow, an annual profit of 20%, you feel like Warren Buffett.
Going all in, full position, cutting losses, chasing the highs and selling the lows, this is what a newbie looks like.
#币安HODLerTHE $FTM