The logic of making money by speculating in cryptocurrencies is very simple: buy in a bear market and sell in a bull market, which everyone understands. But many people cannot control their hands and operate recklessly before the market trend comes. Most of those who make money by playing contracts will eventually return to zero.
When the bull market comes, it is really easy to make money. You can make money by buying anything, but this is just the money given to you by the trend. If you think that the money you earn is awesome, it will be very dangerous. Any huge loss is caused by overconfidence. The money earned by luck will eventually be lost because of insufficient ability. Every penny you earn is money within your cognitive scope; you will never earn money beyond your cognitive scope. Don't get carried away with the money you earn by luck. This market will have a hundred ways to harvest you. Only by constantly practicing your own virtues can you carry greater wealth.
It is difficult for new leeks to keep the money they make when they first enter the circle, and most of them will lose their principal and interest. Only by experiencing enough losses, trial and error, and thinking can you improve your cognition, learn knowledge that allows you to grow, and continue to make profits in the market.
Even if everyone buys the same currency, the profit gap is very large. The bottom-fishing price depends on your grasp of the trend and the timing of the entire macro-economy. If you don't understand the project, even a hundred-fold or thousand-fold increase will not be yours. When buying each currency, you must understand the potential of this track, the resumes of team members, the issuance volume, the release mechanism, the project's empowerment of the token, whether the profit model is sustainable, the industry's market value ceiling and other factors to calculate the future increase. Only when you fully understand the project can you really hold it. There are also buying plans and selling plans, and cognition determines your profitability.
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