When the parasol tree grows tall enough, the phoenix will come. Only after remaining at the bottom for a long time can your mind become filled with wisdom.
Stop-loss is not surrender but a tactic to preserve capital. Accept small short-term pains to evade catastrophic total account wipe-outs triggered by black-swan events.
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In GameFi, winners are not regular players-they are early miners and project teams.
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He bought AI-powered auto-trading software marketed as risk-free. Initial small gains lured bigger deposits. Later the program traded against him, principal was lost, and the software vanished.
Scammers impersonated hardware-wallet official-staff, tricking users into entering mnemonic-phrases on phishing-web-pages. Once leaked, wallet assets were stolen instantly.
A whale received a phone call pretending to be a hardware-wallet engineer, warning of critical device vulnerabilities and asking him to update firmware. He followed the instructions, and 783 Bitcoins were stolen, costing nearly 100 million yuan. He did not click any virus links.
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Conviction monetization requires one thing conviction tested through a bear market.
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Crypto millionaires are fewer than the internet makes them appear. Even a BMW 5 Series is already a financial stretch for many families.
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The characteristics of the cryptocurrency world are the myth of retail investors making money, high volatility, 24-hour operation, and a constant supply of trading opportunities. These characteristics are what retail investors really value, and they are the two words get rich quickly.
In fact, you will find that the most relaxing time is when you invest money at the beginning when everyone is not concerned about it, because it has no impact on your life. Sometimes you even forget that you have invested this money when you are busy with work!
Real GameFi beneficiaries are early miners and project operators rather than ordinary players. Most retail users arrive late and become absorbers of in-game economic losses.
7000 USDT, 2000 USDC, all in current account, 10%-15% annualized, 1000 left, randomly find a meme you like, and adjust it every month. This strategy can beat 90% of people.
In the cryptocurrency world, apart from technology, everything depends on information asymmetry. If you don t even pay attention to the most basic information, you will definitely lose money. Even if you make money, it is just due to temporary luck.
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Legality of cryptocurrency speculation: Cryptocurrency speculation itself is not illegal, but banks may restrict related account transactions.
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All those financial-freedom stories you see are mere survivorship bias.
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In the bull market of 2017, the principal was 100,000, and the highest was over 10 million. Two coins that left a deep impression on me were GXS, which was a private placement with 2 BTC. At that time, BTC was 6,000 per coin, and the opening price was 3 million. The other was Ant (later renamed Neo), which was bought at a unit price of 10,000 pieces, and the highest price rose to more than 1,000, which means that the single coin exceeded 10 million. Then I became arrogant and felt that I could do anything. At that time, I thought, why not set a small goal and make 100 million first, and then stop playing after making 100 million;