$WET
Why is it that in cryptocurrency trading, some end up losing everything while others achieve financial freedom?
Looking at it over a long time, there are basically three outcomes: losing everything and exiting, gradually growing, and another group that looks busy but has not seen much increase in their accounts.
First, let's talk about the worst case.
Many people come in aiming for quick wealth, using leverage, chasing after low-quality coins, and even borrowing money to invest. However, the volatility in the crypto market far exceeds that of traditional markets, and a significant drop can happen at any moment; once leverage is introduced, liquidation is just a matter of time.
Additionally, risks such as small coins going to zero, project scams, even losing private keys, phishing, or incidents with exchanges can lead to situations where, if one encounters these risks, there’s basically no chance of recovery.
Now, let's look at that small group of people who have succeeded.
Their approach is surprisingly the most “boring.”
They don’t engage in frequent trading, only buy mainstream assets like Bitcoin, gradually increase their positions with spare cash, and hold on for the long term, no matter how the market fluctuates.
Essentially, they are not trading; they are investing, leveraging time and compound interest to turn volatility into a friend.
Finally, the largest group consists of those who are busy but not earning much.
Some research new projects, airdrops, and low-quality coins daily, taking high risks but are afraid to invest heavily, going through a cycle with limited returns.
Others try to trade in cycles, watching the market to avoid corrections, but often end up being shaken out, missing out on real market opportunities.
There are also those whose personalities simply aren’t suited for investing, chasing trends, being led by emotions, taking profits quickly, and panicking over small losses, making it naturally difficult to capture the benefits of long cycles.
Ultimately, success in the crypto world is not about being smart or hardworking,
but rather about the choice of strategy and the ability to persist over the long term.
