I also have tens of thousands of friends asking me

The cryptocurrency market has lost money, can it be recovered?
Today several friends asked me how to recover losses in the cryptocurrency market.
I summarized that most of the reasons for losses are due to trading contracts and altcoins. I personally lost half of my assets in 2021, but I have recovered and made a slight profit this year. Below, based on personal experience, I summarize some personal opinions and strategies.

We can divide the people who have lost money into two categories: one category has lost money but still has principal, and the other category has lost everything and has nothing left. For these two categories of people, the first thing they must do is to pause contract trading. This high-risk gambling method is not suitable for most people; most people tend to play it safe when they earn a little but hold on when they lose.
First, let's talk about those who have lost money but still have principal. This group must seek stability to recover losses. Based on the current market conditions, they should set their recovery period for the next bull market and not think about getting rich overnight. At this stage, one should learn to cash out their coins when the market is high, wait for the price of U to drop below 6.5 to buy USDT, and then engage in stablecoin trading pairs and financial management on Binance. They can also participate in Binance's new token offerings with FUDSD. On average, making a 5% profit over a year is still achievable. Be patient and wait until around 2026; when others are in extreme panic, seize the opportunity to invest heavily in Bitcoin, and then lie back and wait for the next bull market to come.
For the second category of people who have lost everything and have nothing left. This group often lacks awareness of risk management and treats the cryptocurrency market as a casino. If they still want to recover losses and are interested in the cryptocurrency market, they must completely quit contracts and altcoins, and research projects focused on yield farming. They must be diligent because this is even harder than a regular job. If one can take yield farming to the extreme, the annual income can still be quite considerable. However, if they have no principal and lack the ability to learn, I suggest they simply exit the market and return to a normal life.