Lately I’ve been seeing a lot of people in the community blaming the market for their losses, pointing to assets as “scams” for losing their money.
The real truth behind this is that the market is not to blame for each person’s bad decisions. In other words, the market didn’t force you to put all your capital at risk in a trade. The market didn’t force you not to consider the risk in the trade before taking the trade. The market didn’t choose your entry point, SL, or TP. These are decisions each of us makes freely, so each of us should try to understand what we’re failing to do.
My recommendation if you’re just starting out in the world of digital assets: before risking your first cent, dedicate yourself to understanding what you’re doing. These days we have an immense learning opportunity—everything you need is available on the web. Even within the Binance platform itself, we have the #BinanceAcademy , which is one of the best options to start understanding this wide world step by step. Personally, I spent my first few months buried in reading and research inside the platform so I could understand all the available trading options and their different risk/reward profiles. At the beginning, since everything was new, some terms felt strange to me, so I focused on clearing up every doubt that came up, making the most of the tools available.
Don’t try to get rich from day one just because you saw someone share a trade with a 2-million gain. That person probably went through a tough path of disappointment, joy, and learning through mistakes and wins—or maybe that trade was just luck. What I mean by this: don’t let ambition trap you into wanting to be like that trader. I recommend you train and build your own path. What you should do first is, above all, make your own analysis without the other person’s bias. Use the signals as a comparison tool; look for confluences between your own analysis and that of the signal creator before executing, instead of trading blindly.
On the other hand, if right now you feel the desire to start investing, make sure you do it on the pillars of the crypto world $BTC $ETH $SOL and exclusively in spot. These are the most “stable” assets in the ecosystem. Putting your money into memecoins or new assets out of fear of being left out of the novelty (FOMO) is the basic mistake beginners make, which ends with them losing their money.
I hope you find this information useful.
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