The journey of cryptocurrency players, avoiding misinformation in the flood of information
As a newcomer to the game, you will explore various communities and platforms. Many newcomers are not very sensitive to information, making it difficult to uncover the deeper meaning behind the information. Therefore, when discovering something new, they often miss the best timing and buy in at a high point.
Think about it: when the same news is widely circulated in WeChat groups, TG groups, and various platforms, isn't it about time to exit? The saying "Buy where no one is paying attention, sell when the crowd is roaring" makes a lot of sense. You can just listen to the first half, but you must remember the second half and strictly execute it.
For a particular project, if you really believe in it, then hold it long-term. But if you withdraw halfway, don't easily look back. Even if you really want to try again, understand that you are no longer the determined builder you were at the beginning, but rather a speculator seeking short-term gains. At this point, what you need is to get in and out quickly; don't be greedy. Earning half of your expected profit is already quite good.
During the trading process, don't always think that you can get rich overnight with one project. What you should consider is gradually accumulating wealth through operations in multiple projects. Never put all your principal into one project. Treasure every cent of your principal; they are the foundation of your future success.
In this circle, news of theft and fraud is common. Since you chose this battlefield, be mentally prepared to encounter various risks. You may be deceived, robbed, or even be subjected to a pump-and-dump scheme. But don't always think about reclaiming your losses through rights protection; in most cases, you have to bear these losses yourself.
Of course, I'm not saying that rights protection is meaningless; it's just that many times, rights protection in this circle is basically futile. Some people repeatedly make the same mistakes, which is really frustrating. We must learn to grow, look forward, and not stumble in the same place again.
The above is just my personal opinion, for reference only! On the road of cryptocurrency, everyone has their own experiences and lessons. I hope everyone can find their own way and move forward steadily.
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