We are in the best time in history to own cryptocurrency.
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However, if you are a newcomer to the market, I suggest you take a look at how the big guys in the cryptocurrency circle who have made hundreds of millions of dollars operate. Even if you don t get rich, you should have no problem making enough food and clothing.
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Power is the lifeblood of the elite, while wealth is the lifeblood of ordinary people. Ordinary people should guard their wealth just as the elite guard their power. Otherwise, it is as if they have lost their lives.
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At the beginning of 2021, a Shanghai woman invested in a virtual currency pig-killing scam online and was defrauded of 800,000 yuan in northern Myanmar. The woman was unwilling to get her investment money back, but was defrauded of another 8 million yuan. The scammer seemed to have some conscience and gave her 100,000 yuan in air Dogecoin DOGE. The woman ignored it, and in July, Musk endorsed Dogecoin DOGE and it became worth 25 million. It was a blessing in disguise for the woman, and the scammer regretted it so much that he broke his thigh.
LUNA coin speculators are basically crying in the toilet now. The currency that was quoted at $85 just a week ago plummeted to $0.006 a week later. Some people say that this is a Ponzi scheme in the digital currency industry, and some people say that this is a capital competition. Of course, there are also people who seize the opportunity to profit from this competition! Ordinary people who speculate in cryptocurrencies are actually choosing an investment method. Although this investment method is quite risky, those who want to make money will make money, and the real speculators are manipulating the market. He has enough money in his hands, and he uses capital operations to drive up the price, and then cashes out himself. The only person who suffers is, of course, the retail investors who follow the trend. Many people have heard a saying.
He watched K-lines all day, living an irregular schedule. His mood swung wildly with market moves. He developed anxiety and depression, suffering health damage with little profit.
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Countless traders lose not due to poor analysis but poor execution. Stop-loss plans mean nothing if you hesitate at trigger points; strategies on paper deliver zero real-world protection.
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Azhong was jolted awake at 3 AM by a margin call text. He watched his $100,000 account turn to zero. He lay in bed sleepless until dawn. He took a half-day off work—'Losing money is fine, but I can't lose my perfect attendance bonus.'
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In 2021, an algorithmic stablecoin project claimed it needed no collateral and would maintain its $1 peg purely through algorithms. It dropped to $0.50 in two days and went to zero in a week. The founder said, 'The algorithm failed.'
Markets oscillated repeatedly: going long triggered drops, going short triggered rallies. Frequent trades hit stop-loss repeatedly. Principal eroded and mental state collapsed.
Some people have accidentally sent cryptocurrency to the wrong address and blamed the device or input method afterward.
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When sentiment is extremely greedy, gradually exit; when extremely fearful, enter in batches.
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This circle does make money, but it is also easy to lose money. People who want to enter the market should be prepared. It is actually very simple to make money in the cryptocurrency circle, so simple that you may find it incredible.
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