At this moment, you should feel fortunate, fortunate that you are still at this poker table and can still see this post I made.
On November 21, BTC fell below $86,000, with 245,000 people liquidated globally in 24 hours;
On October 11, the total liquidation exceeded $19.1 billion, with over 1.6 million people liquidated;
I believe everyone knows that even with various leak-blocking measures in the Heavenly Empire, the proportion of Chinese people trading in the cryptocurrency circle is definitely not low. In just one month, during these two epic liquidations, how many Chinese people were affected? What we see are cold numbers, behind which are vibrant lives.
So, I say, if you can still stay at the poker table now, you have already outperformed 80% of the people.
Why are people willing to play in the crypto world? Because there is no ceiling on the price-to-earnings ratio in the crypto world, it hasn't been formally integrated yet, and it can still grow wildly.
Every token in the crypto world is backed by a project. It is not an exaggeration to say that since the birth of the crypto world, there have been millions of projects, whether they are legitimate, scams, or just hot air. There are only a few truly valuable tokens, and the success rate is still very low. It relies on a few leading public chains and star applications to push the crypto world forward.
So, if you engage in BTC trading, you can definitely outperform 80% of people; spot trading can also outperform 80% of people. Why do I say this? BTC is the leader, and the volatility of BTC in the financial market is already considered very high. However, the volatility of altcoins is even higher, often multiple times within a day, a rollercoaster market.
Why do people like trading altcoins? It's simply because the volatility of altcoins is higher, and the risk-reward ratio is better. So, how many retail investors engaging in altcoin trading are actually profitable? It is estimated that 80% are losing money.
The volatility of altcoins has become very high, and at this time, if you engage in a leveraged contract trading, when the market drops, it would be surprising if you don't get liquidated.
So, by trading BTC, you can outperform 80% of people; by trading spot, you can also outperform 80% of people.
If you don't touch contracts, even if you incur losses, you won't have the risk of liquidation. Even if you trade altcoins, at least before it goes to zero, you know to clear your position, unless you are really foolish or have been locked away.
Nowadays, if you have no debt, in the Heavenly Empire, you have already outperformed 80% of people.
When you see this post of mine, think about how you will operate next. In a garbage market, you can find true alpha; it all depends on your choices.
