“Only 1500U left, is there still hope?” I have heard this too many times, so much that I can answer without thinking. Whether one can turn things around has little to do with the principal amount.
I have seen too many people start with a few hundred or a few thousand U, and finally find their footing in the crypto world; I have also seen even more people, carrying hundreds of thousands, trying to make it big right from the start, only to end up disappearing along with their money.
Having little capital has never been a shortcoming. It’s the urgency that is.
Newcomers to the market are most prone to make one mistake:
They always feel that their money is too little and must act quickly.
They wish to double their investment in one trade, change their fate in a week, and retire in a month.
As a result, they engage in high-frequency trading, chase trends, and go all-in,
But as soon as the market shakes a little, their accounts get wiped out.
In these 8 years, I have seen too many desperate eyes when facing liquidation.
It’s not that they don’t work hard; it’s that they want to win too badly.
As soon as they incur a loss, they rush to recover; as soon as they make a profit, they start dreaming,
In the end, they are led by their emotions.
On the contrary, those who start with only a few hundred or a few thousand U,
move more steadily.
They dare not act recklessly, they can only go with the trend;
They dare not heavily invest, they can only wait for the right moment;
They dare not gamble their lives, they can only manage risks.
So what’s the result?
As time stretches out, their accounts slowly rise.
The truly brutal aspect of the crypto world is:
It doesn’t reward the boldest, it only rewards those who last the longest.
To turn around with 1500U, the key is not “how to double it,”
But to first do three things:
Do not act rashly, do not bet on direction, do not let emotions lead you.
What you want is an upward curve,
Not a thrilling roller coaster.
I have seen too many beginners,
Crying as they leave;
And I have witnessed many,
Transform from novices to veterans.
