In 2013, someone registered Bitcoin.org for a few dozen dollars and later sold it for a million. He said he was just lucky and thought about it three seconds earlier than everyone else.
Learn to accept imperfect execution. You will never consistently buy absolute bottoms or sell absolute tops. Leave partial gains for others; chasing perfection often causes total opportunity-misses.
Leverage itself is neutral; uncontrolled desire creates harm. Leverage magnifies both gains and losses. Before using leverage, clearly contemplate worst-case loss scenarios.
Many tolerate unrealised losses poorly yet hate giving back paper profits. Pain from profit retracement can exceed pain from principal loss. Learning to accept partial give-backs forms essential trader training.
In 2021, a user spent $1 million on virtual land in Decentraland and built an NFT gallery. A year later, foot traffic was zero. He said, 'I'm selling air while sitting in the air.'
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When a genuine big rally starts, you refuse to believe it; when it ends, you go all-in.
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Use ODL (offshore dollar liquidity) to identify major cycle turning points.
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The highest cognition for making money: money comes from information and mental strength, plus simple finger movements of physical labor. If you can't realize this, then strive to think and learn.
Aqiang stuffed six mining rigs on his balcony. Summer electricity bills skyrocketed and neighbors complained about the noise. He could only run them at night and shut them down during the day. A year later, the coin price halved, he lost $8,000 in electricity, and sold the rigs as scrap for $200. He said he mined nothing but loneliness.
Ordinary people can share prosperity but cannot endure poverty together. Others gladly accept material wealth you share with them, yet who would want to share your excrement? No one wishes to dance with a good-for-nothing.
Friends warned him about crypto risks and urged him to stop trading. He was consumed by get-rich fantasies and ignored all advice. Only after heavy losses did he feel regret.
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Pyramid-scheme crypto rewarded people for recruiting relatives and friends. When the scheme collapsed, not only did they lose money, they harmed loved-ones and damaged family bonds.
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Why is it said that in cryptocurrency trading, the one who knows how to buy is the apprentice, the one who knows how to sell is the master, and the one who knows how to short is the forefather? Based on my own experience in the cryptocurrency circle for more than 10 years.
Those who are good at making money are very good at trying everything. They do the primary market, mining, participating in projects, casting a wide net and catching more fish. Some people don't have access to this and don't understand it.
Now just wait patiently for the violent outbreak period. By then, the good coins and the bad coins in your hands will be clear at a glance. Only a real bull market can really let you see the wealth after the outbreak.
He hid all family savings in crypto. Massive losses were exposed. Severe family quarrels erupted, destroying marital relations and ending in divorce.
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A certain currency falls to 10U, buy 20% of the position, the price falls to 8U, and then enter 30%. At this time, the average cost is 8.6U. If the market continues to fall to 5U, and then enter 40%, the average cost is 6.5U:
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