There are several types of people who will definitely lose money in the crypto world! Be careful, check yourself. Understanding what I’m saying will save you from 99% of the detours!
First, pure newbie, jumps in with 100x contracts, makes a little profit and then goes all in, left with nothing. Depending on luck to ambush a coin that goes up dozens or hundreds of times, only to lose everything later!
Only knows how to go all in, chasing highs and cutting losses, completely unaware of what position management means and what take-profit and stop-loss are. Always fully invested, always tearful! (Newbie, I suggest you avoid the crypto world, really, the ignorant are fearless!)
Second, small capital players, for example, you only have a few thousand USDT! Want to earn millions! There are cases where a few thousand USDT can turn into millions, but most are from the primary market and contract wealth creation!
Players with small funds who choose the wrong track find it difficult to achieve class mobility. If you want multiple returns with small funds, you definitely can't choose the secondary market! The secondary market cannot provide you with hundredfold returns! High multiples must come from the primary market and contracts!
However, the risks of contracts and the primary market are also extremely high. Those who can succeed in these two tracks are one in ten! Look more and do less!
Third, the big babies in the crypto world: those who know nothing, need to be fed, and even require a little praise for the food being given to them! These people are basically destined to be far from making money! Because no one will have the patience to keep feeding you! Even your parents will only feed you for a few years!
The big babies in the crypto world, who enjoy being fed, lying flat and waiting for service! Without a good mindset, they can only earn a little and then complain! They are destined not to last long! A poor mindset means everything is nonsense!
Fourth, the stubborn ones, who still hold onto altcoins, those who never invest in mainstream coins like BTC, ETH, SOL, XRP! These people have extremely poor risk tolerance! Everyone knows BTC is expensive, and they think altcoins are cheap, with higher growth rates, but the same applies! When they drop, it’s also disastrous!
Although Bitcoin rises slowly and is expensive, it is relatively stable compared to altcoins. Many people who stubbornly hold onto altcoins may be waiting for announcements of delisting from exchanges!
In summary, the crypto world requires more steady and solid progress. Don’t always think that one coin can make you rich, especially for new beginners. You should gather more experience and not just think about going all in. Only by earning wealth within your understanding can you better manage wealth beyond your understanding. Pay more attention to the personal experiences of seasoned players to better master your own crypto wealth journey.
