1. Believing that the rise and fall of cryptocurrencies reflects real trading and is highly correlated with the stock market, especially the U.S. stock market. If you think this way, you must be a novice. There are many market makers in the crypto world, such as DWF lab, and the rise and fall of cryptocurrencies you see are all completed by robots through constantly changing order strategies. In short, it is the power of big data; the cryptocurrency price is the result of highly centralized control.
2. Believing that when it drops to a certain level, it will rebound. Following the logic of the previous point, sometimes the so-called bottom-fishing by retail investors always happens at the halfway point. Never assume that just because it has reached a previous low, it will rebound; the only thing that can cause a cryptocurrency price rebound is a surge in the number of short sellers.
3. It is believed that the master of eternal profit in the square has real skills. The cryptocurrency market is a casino, and you can't get out with thousands. You can make money not because you are very capable, but because you are lucky enough. If you don't believe it, buy two identical positions, leave one there untouched, and use your clever little brain to operate the other. You will find that after a period of time, the position that was left untouched earns more than your efforts. Because frequent operations are squaring your probabilities, making the chances of making a profit smaller.#BTC #ETH #SOL
