1. Speculating on cryptocurrencies based on gossip
The basis for buying and selling coins is basically what some great guy said, what my friends in the circle revealed, or what a certain group said... Learning technology is too difficult, and if you are not careful you will end up with something worse than what you want. It is so easy to listen to news, you just need to tell me the letter of a token, and I can go all in immediately without having to use my brain at all.
2. Frequent trading, chasing ups and downs
Value investing is just talk for most people. When I first entered the cryptocurrency circle, I had a naive idea: with so many coins soaring and plummeting every day, I could earn 5 points a day and become financially free in a year. I actually did it, trading 50 times a day, buying high and selling low, and I ate instant noodles for a month.
3. Anti-fall
A must-have for all leeks. The psychological quality of leeks in the cryptocurrency circle is too good. After a 90% drop, they can still calmly say that they will leave it to their son. If they can withstand the plunge and hold on to the bull market, wouldn’t it be a huge profit? No, everyone can withstand the bear market, and the volatile market is the hell mode. If you can withstand the bear market, you will die in the volatile market.
4. Always keep full positions
Deeply influenced by the big guys, the big guys may be pretending to be fully invested, but we are truly fully invested. Being fully invested is like qj, when you are powerless to resist, just close your eyes and enjoy it.
5. Fear of heights
I get very nervous whenever the price goes up, especially when there have been a few small rebounds recently. I'm afraid that my profits will be withdrawn, so I rush to sell them, and then I regret again and again that I missed out on coins that could have increased tenfold or a hundredfold.
6. Treat luck as strength
I am also such a person. I was lucky enough to buy the bottom of Bitcoin near 3100, and made 3-4 times the money on many coins. I thought I was an expert in cryptocurrency trading. In the warming and rising market environment, the price would rise as soon as I bought it, and I rarely missed. I was the best in the world.
7. Stupid but courageous
Blockchain? What is a smart contract? I don’t care about these things. I will go all in without hesitation and then dream of counting money. Although it sounds harsh, it is the fact. I also entered the market because of the wealth-making effect of the cryptocurrency circle.
8. Only recognize the token letters
I know the letters BTC, ETH, and BCH, but what is Lightning Network? What is POS? What is a big block? I don’t know.
9. Selective Belief
I have a heavy position in a certain coin, why do you always say it’s bad? You know shit, you haven’t seen so many successful examples... The position determines the brain, you have been brainwashed.
10. Entering the market at the top and tail of a bull
