Do you know why some people earn a lot in crypto?
Because the vast majority lose. Especially those who jump into trading. Trading is the hardest job in the financial sector. It requires iron discipline, nerves of steel, and fundamental knowledge. Successful traders in the long run are one in tens of thousands. Why do you think you are one of them?)
But many people are jumping into futures. And usually, it is the foolish and the poor who do so. Because they lack the money, patience, knowledge, and inner strength necessary for earning even in spot trading. What can be said about trading then?)
Just in case, it wouldn't hurt to remind you that trading capital should never exceed 5-10% of your deposit. The vast majority do not adhere to this.
Only with large amounts of money and knowledge can one multiply capital through investments (in the long term). Also, with realistic expectations.
With small amounts of money, this is a colossal job and responsibility. "Factory" will seem like a walk in the park. There, others decide for you, and the responsibility is minimal. A working day at the factory is much shorter. And after work, there's rest. In crypto, however, everything depends on you 24/7, from increasing your investments to preserving them (which is more important than earning).
Statistics show that only about 5% of people earn in crypto, while 95% give all their and borrowed funds to them! They also sell apartments, cars, and other property, thinking that money is being handed out in crypto. Yes, it is given... to the majority of you who are the minority)
On average (fixed!) the profit of smart and successful ones is 5x (on the entire deposit, not individual coins) per cycle! Not tens or hundreds of x's in a week or months, as fools think after reading about very rare lucky ones, most of whom won in the "lottery" by accidentally making wrong investments. The yellow press usually does not write about millions of losers.
All reasonable investors set conservative goals, diversify investments by degree of reliability, and adhere to risk management. But some of them get lucky, or consciously, after gaining experience and knowledge, find a gem. Then the result may exceed expectations.
Thus, I, through hard work, learning, and unconventional thinking, was able to achieve the expected result from the market even during the bear market. In a bull market, that means it will significantly exceed the initial conservative goal.
Do you want to be in the 5% of successful crypto traders?
Ask yourself the questions: - What makes me better than 95% of people in the world? What have I achieved in my life? What am I willing to do for this?
Constantly seek how to become better and smarter than those who will give their money to the market.
Without a seed, you won't grow a tree or wait for a harvest. And this takes time.
Only constant learning, hard work, and sound judgment will multiply your money.
Ludomania and greed will take away all your money and health with the same probability of 95%+.
If you are a novice, I have bad news for you. You are already late. All the main work and groundwork for gains in a bull market was done in the last two to three years during the bear market. Many learned there, losing almost everything, and sometimes everything, but gaining experience in return. And this is usually for conservative five times returns, which won't change your life with a small deposit.
But there is good news as well. In the coming year, with a high probability, every sensible coin will achieve 5-10x returns. And some even hundreds. Right now, almost all altcoins are at lows, and the flow from Bitcoin into them has not yet started.
Those who are not greedy and not foolish will manage to earn and exit. Ideally, when doubling, take the invested amount back in real. You may later experience FOMO, but at least you won't endanger yourself and your loved ones with a loss of funds.
"Use only the money you are willing to lose in crypto" (c)
And the main thing that most do not want to believe is that the crypto market (specifically the Bitcoin chart) is a mathematically precise model artificially constructed based on the fundamental basis of psychology, algorithms, and timings.
All news (of any scale) is for hamsters ) And they don't always understand how the news will play out, whether in short or long. Often, it goes both ways to shave off intraday traders.
By understanding and accepting all of the above, you might be able to overcome greed and even somewhat foolishness, and not hold on like many do until -95-99% on the portfolio, plunging into the next bear market.
P.S. Everything mentioned above is based on personal and others' experiences and thousands of hours of learning and working at the monitor. No matter how many other posts I write, they would mainly just supplement and repeat this.
#BtcNewHolder #криптовалюта #Трейдинг #trading The cover features an edited screenshot from the animated film "After the Filter," which has the similarly titled highly underrated #nft collection on Stargaze in the Cosmos ecosystem.
DYOR