The cryptocurrency world in the eyes of a novice:
Investing 10,000 yuan, waiting 10 years to reach 1 million, and even if it rises 100 times, never selling out.
But the reality of the cryptocurrency world:
Scenario 1: Invest 10,000 yuan, and by the next day, only 5,000 yuan is left. That day you find it hard to sleep. Then, on every waking night, you open the exchange to check the market. Next, you consider whether to cut your losses, thinking about waiting until it rises back to your original investment before selling. As a result, after a month, it rises to 9,000 yuan, and you think, if I sell now, I will have nothing left, so I should hold on; I need to have faith. However, the price continues to decline. After struggling for half a year or a year, your cryptocurrency fluctuates between 1,000 and 6,000 yuan, and your unwillingness gradually diminishes. Finally, at a value of 6,000 yuan, you can't wait to cut your losses.
Scenario 2: Invest 10,000 yuan, and after a few months, it has increased to 12,000 yuan after ups and downs. Then, you decisively sell, hoping for a lower entry point. You are full of confidence, but the price rises to 15,000 and 20,000 yuan, and out of fear of missing out, you chase the price up. However, your cost has already doubled, and then the price drops back to 6,000 yuan.
The first step into the cryptocurrency world is to learn how to lose money. Although what I say may not be useful, I will keep saying it. Only after you have truly lost money will you understand the reasoning behind my words. For friends who have experienced losses, do you agree with what I say?