I entered the crypto world in 20XX, when Bitcoin was only a few thousand yuan. At that time, some people said, 'This thing can change your fate,' and I scoffed. What happened? I saw people turn 100,000 into 40 million, and I also witnessed someone jump off a building after losing everything in a single night. I personally experienced my account go from a debt of 120,000 to 860,000 in 58 days, and I also lost half a year's salary in one night. Today, let's talk plainly: why do you always lose money? Is it still necessary to persist?
1. The true face of the crypto world: it is not an ATM, but a battlefield.
Many people think that the crypto world is about 'gambling with closed eyes and getting rich overnight', but the truth is: 90% of people are destined to be cut off. I have seen too many people come in with the mentality of 'speculating on garlic', ecstatic when prices rise, cursing when they fall, only to find that the money has been earned by the big players who can 'endure loneliness'.
For example, Old Zhou was exposed to Bitcoin in 2009 and made a month's salary from trading in 2013, only to see it nearly go to zero after a crash. Later, he summed it up: 'Speculation without logic is just giving away money.' Now he only invests with institutions, and his returns have become more stable.
2. The root of losing money: emotional control + lack of understanding
The most ironic thing in the crypto circle is: the more you learn about technology, the more you might lose. A guy with a programming background made 300,000 in 2016 by buying randomly, but after seriously studying candlesticks and leverage, he ended up not making money. He said: 'In trading, in the end, it's about mentality, not technology.'
I have stumbled myself: during the '312 crash' in 2020, Bitcoin dropped from $7,900 to $3,600 in one night. I bottomed out halfway and nearly went bankrupt. Later I realized: when you always want to 'gamble again', you've already lost.
3. Should you persist? First, ask yourself three questions
Can you bear going to zero?
There is no 'safety net' in the crypto circle; contract liquidations, project exits, and policy black swans are all the norm. If you can't sleep after losing, it's better to withdraw early.
Are you willing to spend time learning the underlying logic?
Those who really make money either hold Bitcoin like 'coin hoarders' (10 times in 5 years) or make profits through strategies like quantitative teams. If you only follow the trend based on candlesticks, you might as well save in the bank.
Do you have a stop-loss discipline?
Every professional trader I know sets a stop-loss before opening a position. For example, 'Three Brothers' rule: stop immediately if the principal loses half, never increase the position out of spite.
4. A heartfelt word for those who are still holding on
There are indeed opportunities in the crypto circle, but opportunities are only for those who 'understand life'. For example:
Don't trust 'signal gods'; most analysts don’t open positions themselves and only feed on client losses.
Minimize contact with altcoins; 99% of project white papers look like PPTs and won't last six months;
In a bull market, don’t chase highs; in a bear market, don’t cut losses. In 2021, when BTC rose to $40,000, how many people sold at $16,000?
My habit is: only invest spare money, accumulate mainstream coins during crashes, and sell in batches during surges. After five years, although I haven't achieved my 'small goal', I have outperformed inflation annually.
Summary (personal opinion)
If you are continuously losing money, stop first and don’t rush to 'break even'. The scariest thing in the crypto circle is not losing money, but losing your rationality. Remember two sentences:
Earn money that you understand (never touch projects you don’t understand);
The market is always full of opportunities, but what’s lacking are the people who survive. Follow Xiang Ge to learn more firsthand information and precise points about the crypto circle; becoming your guide in the crypto world, learning is your greatest wealth!#加密市场反弹 #加密市场观察 $ETH
