In the cryptocurrency world, try to choose an easier way to make money first before tackling the difficult ones!
There are too many stories of sudden wealth in the crypto space, and people tend to unconsciously believe in those stories while ignoring cases of people losing their fortunes.
People often exhibit excessive confidence in their own abilities while appearing modest on the surface.
In reality, everyone has a thought of making 100 times their investment and firmly believes they can do it.
They think that just because others can’t do it doesn’t mean they can’t, and perhaps they can. How would they know if they don’t try?
So they set a goal to earn a hundred times right from the start, and the path to achieving this goal is to continuously repeat trading.
In this world, how can one have it all? Fast gains come with either high risk or high difficulty. Slow gains have low risk and low difficulty.
Trading brings money the fastest, but it is also the hardest way to make money in the crypto space.
I asked a professional in finance who specializes in market-making. He earns 3% a day, with pure profit being only $1,000 to $2,000.
He said trading is the hardest way to make money in investing. Some people can achieve it, but he himself does not have that ability.
He said if a person's wealth is earned through trading, then as long as they continue, they will eventually lose everything quickly.
Unless they stop or save the majority of their profits.
If you think that making a living from trading is very difficult and requires strong abilities, then you must also acknowledge that a person's skills cannot be developed overnight but require continuous experience accumulation and increasing understanding to achieve. Relying on luck is not dependable.
So is it really correct to choose the hardest path right from the start?
Crypto profit = Crypto worldview × (Professional knowledge + Research depth)
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