Feed-Creator-91d9f11f7

Although successful methods are difficult to copy, lessons from others’ failures can be learned. Making money is the comprehensive result of knowledge, skills, experience, character and luck. Experience is a way to learn from your own and other people's failures. Today, Huang will talk about his experience of failure in the web3 circle. 1. Failure to recognize the truth. Most of this industry is lies. 99% of projects have no long-term holding value. 2. Ignoring risks, blindly adding leverage to play contracts, catching up with the bull market and making money, but thinking that making money in this industry is easy. 3. Laziness and demand for deterministic returns lead to missing many opportunities. The currency circle is a place to make wealth, but it requires continuous sowing to harvest in the bull market season. 4. You must study more about the underlying logic of human nature and understand the principle of equivalent exchange. This is by no means nonsense. When the skyrocketing price rises, you can convince yourself to sell for less profit. When you lose money, you can convince yourself to cut the meat. When you are emotionally crazy, You can control whether you are FOMO, or you can control whether you are FUD when the market is fearful. You can do it. If you keep going, wealth will automatically come to you, and you can't stop it. 5. You must know what you are doing. Some projects are not worth studying, so don’t waste time, operate frequently, and doubt yourself. For example, you should stop selling when you get your money back, and you should sell when you make up the money... For these phenomena, the market will destroy you one day in the future. 6. Feel that you are wrong, but do not admit it, blindly believe in the project side, continue to recharge your faith, and then lock up the position, believing that you will become rich one day, and hold it for a long time. The result is often that the bottom is cut off, and the project side makes contributions7 .I feel a little anxious in my heart, and my mentality is unstable. I think about coins every day, taking a look at it when I go to bed, and take a look at it when I wake up. Watch it every day. When I see so-and-so making huge amounts of airdrops, and seeing so-and-so posting huge profits, I feel extremely psychologically unbalanced and extremely anxious. I hate myself for why I don’t do it, why I don’t insist on doing it, and then I deny myself. 8. Always stay in the low-quality circle and be keen on every stupid project. Fomo all day long in the free group, chat all day long, share your profits, get short-term satisfaction, give up boring study! Give up high-quality circles! You have been enjoying it in the bottom circles for a long time, and you will always float on the "surface" of the encryption industry. ” (capital disk-style wealth transfer among friends), enjoying the intracranial climax brought about by the sudden rise and fall of memes and local dog projects, leaving behind the long-term pain and confusion about the encryption career.9. When talking about making money, you will always say with pride: How much a friend of mine earns... It is never how much you earn, and you will never become the friend that others call you. 10. After many losses, I feel that I am not suitable for this industry, but the reality of this market is that 80% of the time, I keep losing money, 10% of the time, I make neither loss nor profit, 9% of the time, I make money, and 1% of the time, I lose money. earn. If you are not present all the time, you will not be able to seize this opportunity. 11. You are keen on playing Ponzi games, but have no plan. You always feel that you can run away. If you don’t play, you are afraid that others will get rich. If you play, you have no plan. This kind of It's very silly. You can play Pond's if you want, but you have to know what you are doing. You have to know whether you are enjoying the bubble or becoming the bubble that bursts. Don't throw away value coins and exchange them for Ponzi coins to join the bubble. Bubbles are just additional excess returns. It’s good if you have it, but if you don’t, you’ll leave immediately.