99% of people can't make money in the cryptocurrency market during a bull market due to three main reasons for investment. Why is that? The core reasons are threefold.
First: Easily influenced by the environment. After entering the cryptocurrency market, you will find that everything in this market is magnified—people's greed, anger, fear, ignorance, arrogance. These feelings are hard to perceive in real life, but in the cryptocurrency market, you can feel it. Almost everyone is filled with hostility, seeking faster and more money, wanting to earn as soon as they buy in, hoping to make the most for themselves, wishing others would provide free answers. We should clearly recognize that the cryptocurrency market is not much different from traditional markets; everyone's gains should stem from the time and effort they invest, needing to go through accumulation and learning, rather than coming to the cryptocurrency market and abandoning all the education and values we have received in the first half of our lives.
Second: Influenced by appearances. Appearances refer to surface phenomena, such as superficial prices and news.
Third: Influenced by emotions. Humans are very easily emotional. We need to consciously pay attention to our emotions at all times, because emotional decision-making often leads to significant losses. For example, seeing the market drop might trigger inexplicable fear and anxiety. When we see our accounts starting to show losses, we feel restless and regret entering the market, even thinking there is no hope moving forward. When we are profitable, we feel very capable, thinking our luck is tremendous, considering ourselves geniuses, and believing we can quickly become wealthy. However, our emotions lead us to various fantasies, making good things seem better and bad things seem worse, ultimately harming ourselves.
What I am sharing today is not simply about a specific data indicator or a particular method, but rather the core three reasons why people can be easily influenced by others, prices, and emotions: it is because we are not strong enough ourselves. Our perception, abilities, judgment of right and wrong, and ability to eliminate distractions are still not strong enough. #圣诞行情分析 #本周微策略是否继续增持BTC? If you still feel confused and don't know where to start in this market, leave a comment and let's discuss together!
Buying new coins, especially those that have just launched, is indeed quite tempting, as many new coins are priced low with significant potential for appreciation. However, this is also full of "traps". If you really want to give it a try, it is recommended to follow these steps:
1. Research the project background first: Don't rush in without understanding. Check who the team behind this new project is, whether there are actual use cases, if the white paper is credible, the team's background, etc. Many new coins will boast extensively when they are launched, but very few have real technology and a supporting team. We need to have our own judgment and not blindly chase trends.
2. Choose a reliable exchange: New coins generally first launch on smaller exchanges before they have the chance to get to larger platforms, so if you decide to buy, make sure to find a safe and reputable exchange. Be cautious of those "shady" platforms, as they might lure you in and then run away, leaving you with nothing. Platforms like Binance, Huobi, and Coinbase are relatively safe, but most new coins will first appear on some smaller exchanges, so be mindful of the risks.
3. Test the waters with small funds, don’t bet heavily: The new market is very volatile, and the price can fluctuate dramatically right after a launch, so start with a small amount to test the waters. Initially buying a little can help you gauge the trend before deciding whether to increase your position and control your risks. If it drops, you won't lose too much; if it rises, it counts as a good start. Choose the right timing: When a new coin is launched, there is often an initial surge, followed by a sharp drop, known as "dumping", mainly due to early holders cashing out. Therefore, don’t rush in as soon as it launches; observe for a few days and wait for the price to stabilize a bit before considering an entry. Don’t rush to “chase the high”; stay calm, and opportunities will always arise.
4. Always be ready to cut losses and take profits: New coins are highly volatile; sometimes they can multiply overnight, only to be halved the next day.
Thus, having a profit-taking and stop-loss mindset is essential. If you make a certain profit, you can sell part of it to secure some profit, at least to “break even”. If the price keeps falling and reaches your set stop-loss point, be decisive in exiting; don’t expect it to “bounce back”. There are plenty of cases where new coins become “dead coins”.
As a professional cryptocurrency trader, I always keep in mind 10 rules of the cryptocurrency world
I have been trading stocks for 9 years now. I brought 1 million yuan in capital into the market in the first 3 years, and now I have only 120,000 yuan left. All my relatives and friends advised me to give up, thinking that my trading was the stupidest way, that I was not caring about my family, that I had no ambition, etc.! They have cursed me with the most unpleasant words! I almost gave up at that time and despised myself! But I was unwilling to give up, and swore to my husband that I would use the last 120,000 yuan to give myself another chance! Then I continued to calm down and explore. Later, I used the remaining 120,000 yuan of capital to earn more than 27.5 million yuan in 3 years! No bragging! When you really sum up a set of methods that belong to you, strictly follow them, and you will definitely be able to turn things around! Intraday trading skills and points to note
Why Are Novice Investors Prone to Losses? A Must-Read!
In the cryptocurrency market filled with opportunities and risks, novice investors often fall into the trap of losses. The main reasons are as follows. 1. Lack of Specialized Knowledge! The cryptocurrency market is a highly complex and specialized field. Novice investors often lack a deep understanding of basic concepts of digital currencies, principles of blockchain technology, market operating mechanisms, etc. They may blindly enter the market simply because they heard about a sudden price surge of a particular asset or were urged by others, without understanding the value support behind digital currencies. For instance, not understanding how different consensus mechanisms (like Proof of Work, Proof of Stake, etc.) affect assets, nor comprehending the role and risks associated with smart contracts. In the absence of specialized knowledge, it is challenging to accurately analyze and evaluate various assets, making it easy to make erroneous investment decisions.
Why is it essential to maintain a calm mindset when entering the cryptocurrency world?
Every newcomer entering the cryptocurrency world must be filled with a passionate yearning for wealth, just like I was when I first plunged into this mysterious and volatile field. To this day, I still clearly remember my first operation as a novice, the feeling of 'getting rich overnight,' as if I had been heavily struck by the luck god, remains etched in my memory. I woke up to find my account balance increased by 50,000; at that moment, the joy in my heart surged like a tidal wave, instantly overwhelming me, as I thought I had found the golden key to unlock the door to wealth, as if I had become the 'chosen one' of the market. Overcome by this sudden victory, that night, driven by impulse, I opened a 75x leverage position, fantasizing that my funds would double like a rocket the next day, and financial freedom was within reach. However, reality hit me like a sharp slap, waking me up. The market trend quickly turned downward, and not only did I not get the massive profits I expected, but my account funds also rapidly drained like a floodgate opened. I watched helplessly as my hard-earned savings were consumed bit by bit, anxiety, regret, and self-blame gnawed at my heart like a venomous snake. At night, what should have been a peaceful time for rest turned into restless tossing in bed, unable to sleep. At one or two o'clock, my eyes were glued to the screen, not letting go of any market fluctuation; finally managing to doze off for a while, I suddenly woke up at four or five o'clock, frantically grabbing my phone to check, with my heart always in my throat, painfully struggling between the dilemma of 'cutting losses immediately and closing positions' and 'waiting a bit longer, maybe it will rebound soon,' every minute and second was torment. In just a few days, the account margin of 300,000 nearly returned to zero; even if I added funds later, I could not escape the misfortune of liquidation. The financial loss was severe, my sleep was severely lacking, and my mindset was completely shattered; it was an incredibly dark time. But deep down, I had an unwillingness to give up, gritting my teeth and persisting, determined to calm my mind and explore a way forward in this chaotic market. After three years of struggle, with the remaining 120,000 principal, I miraculously earned over 27.5 million! Looking back on this arduous journey, the feelings within can only be deeply understood by myself. Today, I share this not to boast about personal achievements, but sincerely hope to illuminate a light for newcomers entering the cryptocurrency world, helping you find direction in confusion and avoid some of the detours I once took.
How much money has Trump actually made through the crypto market?
It can be said with certainty that Donald Trump himself has not actually signed transactions on Polygon and Ethereum. Nevertheless, those dealing with crypto projects related to him are doing their utmost to make Trump the first on-chain president. I spent the morning sorting out on-chain data related to Trump-related crypto projects—his NFT series (trading cards) and the upcoming DeFi platform World Liberty Financial. This is a quick analysis, but the data shows that Trump has earned nearly 84 million dollars in cryptocurrency income over the past two years.
Does trading crypto really make money? Why are so many people still entering the market?
To this day, I have been in the crypto world for 8 years. I lost over 700,000 from a 1 million capital in the first three years! Do you know how devastated I was? At that time, if I had bought a house, it would have appreciated several times by now! After reflecting for a long time, I decided to start over; I was really unwilling to accept this. In the fourth year, I started again with the remaining 300,000, gradually accumulating my profits, and slowly achieving stable returns each year! Now I have turned the remaining 300,000 from that time into over 34 million. I can achieve stable returns completely. Over the years, I have summarized 10 must-follow iron rules and developed my own trading methods, which I will share with everyone today! I sincerely hope that friends who are confused in the crypto world can absorb this knowledge and avoid some detours, as the cost of hitting a wall is very high! Today, I will provide you with some valuable insights; the words are few, but each one strikes at the heart. After reading, you will have an epiphany!
Recently, one of the founders of Dogecoin, Billy Marcus, made a big move on a platform called X, saying that Dogecoin is going to be deflationary, which caused a stir in the cryptocurrency circle. As a friend who has been paying attention to Dogecoin, we have to talk about this.
First of all, we have to understand what deflation is and how Dogecoin can achieve deflation.
Billy Marcus said that it is not difficult, just a few steps:
Developers take action: those big guys who write code, they have to submit a change on GitHub, the programmer's base camp, and this change is to make Dogecoin deflationary.
The community and miners have to nod: This is very important. Dogecoin is played by everyone, so the friends in the community must think it is good, and those mining friends are willing to follow the change, so that the new rules can be established. After all, Dogecoin is maintained by everyone, and everyone must agree.
Then, we have to look at the current situation of Dogecoin. There are now about 146.78 billion Dogecoins, and 5 billion new ones will be added every year.
Although the number of Dogecoins added each year is fixed, the proportion of this increase will gradually decrease compared to the total amount of Dogecoins, which is different from Bitcoin. Bitcoin has a total upper limit, just like a big cake, which is gone after it is cut. But Dogecoin, in theory, can be increased all the time, like a buffet that can never be finished. However, Billy Marcus also said that the rules of Bitcoin are not dead, and if everyone wants, they can also be changed.
This shows that these blockchain things are very flexible and not immutable. He also said that the design of Dogecoin may be more reliable than those government-issued money (legal currency) in the future.
In summary, Billy Marcus has come up with a way to make Dogecoin rarer and no longer add new coins as "generously" as it is now. Whether this method can succeed depends on whether the community and miners buy it. If it succeeds, Dogecoin may become more precious.
#萨尔瓦多增持BTC #USUAL持续飙升 Like + leave a message, we will help you plan the entire bull market and seize opportunities together!
What is the most authentic practice in the cryptocurrency world?
I have been in the cryptocurrency circle for more than 8 years, with 150,000 yuan. At the beginning, I had difficulty falling asleep and watched the market all night, worried about gains and losses. Now I support my family by speculating in cryptocurrencies. Now my assets are over 8 figures. There were difficult times in the early stage, but I just got through it slowly. I summarized my hard-earned experience. 1. A sharp drop in the morning is often an opportunity to buy: Changes in market sentiment are especially noticeable in the morning. If there is a decline at the opening, this usually means that investors can find some undervalued investment opportunities and buy at a lower price. Conversely, if the market shows an uptrend in the morning, this is often a good time to sell, as the uptick may be temporary. Remember, these emotional swings in the market actually provide us with many short-term trading opportunities. The key is to learn to think reversely and have the courage to be greedy when others are fearful and fearful when others are greedy, so that you can effectively seize these fleeting opportunities.
Always remember the 10 iron rules of the cryptocurrency circle, worth watching 100 times.
I have been trading stocks for over 8 years now. In the first three years, I entered the market with 1 million in capital and lost down to 120,000. Relatives and friends all advised me to give up, thinking that my way of trading cryptocurrencies was the most foolish method, disregarding family and lacking ambition, etc.! I have heard the worst words! At that time, I almost gave up and lost confidence in myself! But I was not willing to give up. I swore to my family to give myself one more chance with the last 120,000! Then I continued to calm down and explore. Later, with the remaining 120,000 in capital, I earned over 27.5 million in three years! No bragging! Once you truly summarize a method that belongs to you and strictly follow it, you will definitely be able to turn your situation around!
Why do some people say not to trade contracts when entering the cryptocurrency space?
Let me start with a brief self-introduction. I entered the cryptocurrency space in 2016, starting with less than ten thousand yuan. Leveraging altcoins and contracts, I have navigated through ups and downs and have accumulated profits exceeding 10,000 times. I am now a professional trader in the cryptocurrency spot and contract market, earning over two million in 2019 alone. Although I joined in 2016, I truly started profiting only from 2019 as a professional trader. In these more than five years, I have grown from a small novice to a big player. Therefore, I understand the inner feelings of small novices best. Today, I share valuable insights not to show off or write a personal biography but to record my trading journey and share trading philosophies, hoping to help small novices in the cryptocurrency space avoid unnecessary detours and achieve financial freedom sooner.