I heard a joke a few years ago.      

The main force asked retail investors: What is your biggest wish after entering the cryptocurrency circle?

      Retail investors: Stay away from the cryptocurrency circle after getting rich.

      Main force: No one can leave until all the losses are gone.

When I saw this joke at the time, I just thought it was a joke. Now looking back, I am the joke.

The cryptocurrency circle is a very magical place. You either retire after success or go bankrupt. The only way to retire is to lose everything.

This is not a story, but a real existence. I have seen too many people like this who quit the circle because of losing everything.

Needless to say, they will definitely not quit the circle after making money, because those who can make money in the cryptocurrency circle all have trading systems. As long as they trade according to the trading system, they can achieve long-term and stable profits. How can such people quit the circle?

After losing money, they will hold on to it, and even continue to cover their positions, in order to keep their original positions from being blown up. In this case, once a big drop occurs, no matter how much money they have, it will not be enough to cover it. Fortunately, this time it was just a correction during the bull market.

Think about those who trade against the trend, how many assets can withstand the explosion.

Looking at the total number of contract liquidations in the past two months, it is getting smaller and smaller. Either they dare not do contracts, or they are blown up and have no choice but to quit the circle.

The reason for losing money is that they are not professional enough and do not understand the properties of the currency circle, so they just dive in.

However, after the loss, they do not reflect on themselves, do not find their own reasons, and throw the factors of losing money on bad luck, or blame others for not saying it correctly, and never think that the loss is caused by their own reasons.

So after the first loss, there will be a second loss, until in the end there is no money to continue to enter the market, and they can only quit the circle, but they are unwilling to give up, thinking about having a chance to make a comeback.

If the thinking does not change, no matter how many opportunities are given, it is just repeating the previous path, and the ending is the same.

As far as I know, more than 80% of the investors in the currency circle have experienced losses to varying degrees, and there are many cases of large losses.

These losses not only directly affect the asset status of investors, but also cause a huge psychological impact.

Faced with losses, many investors will feel anxious, depressed and even desperate.

They began to doubt their investment ability and decision-making, and were full of pessimism about the future of the cryptocurrency market.

This psychological state often causes investors to sink deeper and deeper into losses and cannot extricate themselves.

As the famous investor Buffett said: The first rule of investment is to preserve the principal; the second rule is to never forget the first rule.

This sentence also applies to cryptocurrency investment.

Investors need to keep a clear mind at all times and rationally analyze market trends and risk factors so that they can make timely adjustments when risks come.

In the cryptocurrency circle, it is not about how much you can make in a transaction, but who can live longer, because only by being alive can you have the opportunity to make money. Once you leave the table, no matter how good the opportunity is, it has nothing to do with you.

I am Qiqi. If you are confused about the future direction of the cryptocurrency circle, don’t know how to operate, and don’t know how the market will go, click on the avatar to find me simply, face the fans, and share for free #ETH $BTC