Today, I have been working in the cryptocurrency circle full-time for many years, and according to my previous goals, I can be considered to have achieved my goal!
The biggest charm of the cryptocurrency world is that miracles can be created every second, and it is still the case now, so there is no question of whether you can still play. The bitcoin market has fluctuated a little recently. I don t know if there will be a wave of wealth creation or a negative wave in the next few days. We ordinary people must be able to control ourselves:
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Group-chat users claimed to be market-makers, sharing tips for upcoming pumps. Retail investors bought in, while manipulators cashed out, sending prices crashing.
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From 700 million to negative 100 million in one month! The bitter lesson of investment experts. Investors from traditional industries who entered Bitcoin made 700 million in one month, but lost 100 million today. This is not because of superb skills, but because of overconfidence and gambling mentality. Just after making money, they feel invincible and no longer pay attention to risks, but in the end they spit back all the profits.
After making money and achieving financial freedom in the cryptocurrency world, some people may become dependent on the cryptocurrency world, because the cryptocurrency world has become a springboard for you to change your class. You will remember it and be grateful for it all your life. At this time, making money is no longer the main goal.
If a man sells stinky tofu, will his family dislike him when he comes home? Probably yes, because he smells strongly of it. Even being handsome won't help. I know because I used to do that myself, and I was very handsome.
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In the 2021 bull market, Qiang turned 100,000 yuan into 2 million yuan and bought luxury cars to show off. When the bear market arrived, he refused to cut losses and kept adding funds to hold positions. He lost everything in the end, sold his luxury car to pay debts, and was back to square one.
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Evaluate risk-reward ratios before every trade. Only participate when prospective pay-out substantially outweighs potential loss. Abandon trades where downside overwhelms upside, however tempting setups appear.
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Back in the early 1980s, I accompanied one of my company's clients, a wealthy Mexican-chinese overseas businessman (chairman of the China-mexico Chamber of Commerce), shopping at Beijing Friendship Store. The doorman blocked us at the gate because we both had Chinese faces. We were only admitted after my client produced his US passport (he had naturalized as an American citizen) and I showed an official letter of introduction from a ministry foreign-affairs bureau.
Looking back, it's really funny. If it's destined, it will come. If it's not destined, don't force it. Time is destiny. I bought OM for 138,000 yuan in January and February last year. The average price was RMB 1.99, nearly 70,000. Not to mention holding it until now, even if I hold it for a few months, it will be worth millions. But I exchanged it for a bunch of garbage, and kept holding it. It didn't increase in a year, but the principal was almost lost. Now there is a real bull market, which means it will increase several times to make up for the investment.
Do you know how many times you have been liquidated before you have made a profit? Do you know how many times your hair has turned gray while trading in cryptocurrencies? Do you know how you feel when you can't sleep at night while holding a position? Do you know the regret of missing out? Do you know the state of entanglement after stop loss? Do you know the mischief of greed in floating profit? Do you know that even though the direction is right, the entry position is not good and the position is not ideal, and the position will be liquidated with just one needle? Do you know how many times you have read the three books of candlestick charts, quantitative trading, and wave theory in order to trade in cryptocurrencies? Do you know that trading in cryptocurrencies and contracts is a mental explosion? Do you know that for the sake of physical and mental health, I started chanting and meditating again? Do you know that trading is anti-human? Do you know that trading starts to move at night? Do you know that you have to care about the US stock market, the Federal Reserve, the CPI, and the non-agricultural US index when trading in cryptocurrencies? Do you think you can make a fortune by trading in cryptocurrencies?
Observe the list of coins that increased 100 times in the last bull market. How to find coins that increased 100 times?
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Starting from 10u, I don t want to get rich overnight, just enough to make breakfast every day.
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