You can't rely on those methods that have already lost money to earn back your money.
When I see others trading cryptocurrencies, I notice they all have an obsession: I lost money on this coin, I must make it back here.
The logic of this idea is as follows: the more it falls, the more I buy, it should be at the bottom now. During the process of decline, I keep buying, and in the end, if I've bought enough, a 10% increase might just break even.
This method is commonly known as the Martingale strategy.
But they forgot that some assets can go to zero. Moreover, there are many such assets.
If the price keeps falling right after you buy, then it's definitely an issue with the timing of the purchase, indicating that you bought too high, or there is a problem with the asset itself.
If this strategy is adopted in the crypto space, then it is definitely a dead end. The crypto space is like a casino. Many people gamble by losing this round and doubling down on the next one.
I ended up losing everything after winning 10 rounds in a row.
Things with a low probability are bound to happen, and they often come at the worst possible time. The result is definitely a loss.
To make money in the financial markets, you must learn to decisively let go. Because you can never rely on those losing methods to earn your money back.
For example, if you mistakenly buy eos instead of raca. If you buy luna by mistake, you will never be able to rely on them to rise and earn your money back.
If it really rebounds, then it triggers another independent event. It is not making money based on the original logic at all.
These assets are not like Bitcoin, nor like Ethereum. The narrative logic of Bitcoin and Ethereum is continuous and complete. Bitcoin has one goal: to serve as a store of value, while Ethereum is infrastructure that serves the blockchain network. It's that simple.
We hold the integrity and continuity of their entire narrative logic, which has never changed. They have always been moving towards the original form presented in the white paper.
Buying incorrectly and not selling is a mistake; buying incorrectly and trying to average down is also a mistake.
Buying the right one and selling it for a small profit is also a mistake.
It's also a mistake to gamble on contract sizes for quick profits.
Wanting to buy at the lowest and sell at the highest is wrong. This way, you are destined to gain nothing.
When the market is in a bull market, a wave of bullish sentiment will sweep through the market.
The money that comes blowing in with the strong wind can easily be blown away by the same wind, after all, everywhere was windy at that time.
This money should be put in your pocket in a timely manner, preferably converted into cash and saved.
In this tempting market, it's best not to make any rash moves, otherwise, it is extremely easy to lose money.
Because at that time the market was filled with good news, and the benefits were like swallows singing. Temptations were everywhere.
If you are an experienced player and see through this world, then you can participate freely. If you are a young player, then don't mess around. Hurry up and uninstall it, and just go play. You won't be able to resist the temptation. Trust me, there will definitely be people in the market who will find a way to take money from your pocket.
Be decisive and go out to play, because the money you spend will definitely be much less than the money you lose in the later decline of this market. So going out to play is worth it.
I also want to tell you a harsh truth: in the crypto world, those who know a little about coins cannot compete with those who know nothing.
In other fields, there may be specialized skills, and there are techniques for everything.
In the crypto space, where luck plays a significant role, there is no technical capability difference between those who know nothing and those who know a little.
However, their determination varies greatly. Someone who knows nothing dares to go all in during a bull market and has become very wealthy, making a lot of money.
Those who understand a bit are hesitant, looking at this news and that news, analyzing back and forth, waiting for the price, and the result is that they end up not making any profit, but instead losing money.
Because all calculations ultimately lead to negative feedback.
The best strategy is to do nothing, endure the worst, and accept the best.
This market cannot allow you to only want the good and not the bad.
The so-called wrong approach is that I avoided the big drop and endured the large rise during the bull market. So, this person is most likely just bragging.
Anyway, I don't have that ability. I didn't avoid the FTX crash on 312, and avoiding it on 519 was just relying on my knowledge of discipline. It wasn't my ability.
In this luck-driven market with high weight, you should not calculate anything, believe in yourself, and buy what you value. If you earn money that you have never owned in your life, then sell decisively. This is the truth about making money.
Making money in a bull market is definitely not due to one's own ability; there's no need to boast about it, it's all a result of market trends.
Those who understand arbitrage and have large amounts of capital will earn more.
For example, they can earn 50 million. In a bull market, ordinary people who miss opportunities and those who can decisively invest everything in buying and selling can earn 40 million.
This is the real difference between people who are very skilled in technology and those who do not understand it.
But the difference between those who don't understand and those who have a little understanding in a bull market is the difference between making tens of millions and losing everything.
So the so-called skills and methods are actually not very useful. Techniques and methods can allow people to achieve excess returns.
Those who have a little understanding tend to be a bit arrogant, able to analyze and look at news, and then are influenced by various false messages. This leads to anxiety and inevitable losses.
As Mr. Zhou Zi said, playing all in is a kind of wisdom.
But I want to add a condition today.
For those who do not understand the crypto space, the mentality of going all in is the wisdom of gaining wealth.
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